No, he won't be released. That's the point. Guys like Joe don't get released, because in many cases, it takes many, many, many years in order to replace him.
That's the point. There really is no scenario where Joe gets released, short of him pulling a Ray Rice. He can play like he did in 2013, when he had his worst season, and he will still sign an extension worth $20M a year or more. Why? Because that's the market rate for said QB.
There's this false perception around fans that having less dead money and more cap savings allows us the ability to threaten to release somebody. That would generally work... if anybody on the planet thought you could replace that player. But no realistic person thinks we'd have a prayer of finding a better QB next season or probably in the short-term after that, meaning in order to be willing to cut Flacco, you have to be willing to lose for several years in the hopes of finding the next Andrew Luck. Needless to say, there's many teams who have been trying this (Cleveland, Buffalo, Miami, etc.) for quite literally a decade or longer, and have many failed attempts in doing so.
Make no mistake... the alleged "threat" of a release is a laughable notion, and Joe's agent knows this very well. Its great for fans to pretend like its a possibility, but its not.
Again, if he has another year like 2016, why on earth would you give him an extension. Two, Joe is coming off a major knee injury, and while many players snap back there are a lot that don't. Three, it has been shown in the past couple super bowls that superbowls are mostly won on defense. Peyton was mediocre and so is Wilson. Look, I agree that qb's are a hot commodity and yes teams will pay premium price, but that does not mean the Ravens have to. Pay premium money for a premium player is how I see it, and since the super bowl run you could say our qb has been very suspect. Granted he helped us win a superbowl, but the old saying goes......."It's not what you have done for me, but what have you done for me lately"