excerpt.......
"The Ravens must have defined value in greater depth. I am quite sure they included the following in the Flacco value calculation and salary conclusion:
Flacco is not blessed with Pro-Bowl receivers. The Ravens’ top receiver does not consistently get separation and catches of 50-50 balls. The current top receiver is Mike Wallace. He, at 30 years old, has caught more than 70 passes just twice in his career. By contrast, the Falcons’ Julio Jones caught 136 last season. The Steelers have Antonio Brown. Brady has had his “Gronk” among others.
Flacco has endured five different offensive coordinators since 2012.Yes, since 2012! The extra half-seconds to think instead of react costs the quarterback and the team. New schemes bring new grinding thoughts before throws.
Flacco still completed 61.3% of his passes with 177 touchdowns, and when the team was in high gear, he had enough stuff do his part in the team Super Bowl victory in 2000 2012.
Flacco is only 31 years old, with plenty of tread on his tires; And at 6’6”, 245 pounds, he may have a long useful life, into this late 30’s.
All of that certainly led the Ravens to a fundamental economic method used by sophisticated businesses in valuing assets. It should be readily apparent that NFL billionaires do not pay millions to their assets for past performance. For the past, they may give six-figure performance bonuses. But when it comes to paying millions in salary, they develop capitalization rates to develop a current value based on anticipated future income and benefits. It’s all about future performance, and the anticipated return therefrom. If the other pieces of the Ravens’ puzzle come together like in 2000 2012, which are items outside Flacco’s control or responsibility, the return may be worth Flacco’s current salary."