By Pat Kirwan, CBS SPORTS
NEW ORLEANS, LA - FEBRUARY 03:  Joe Flacco #5 of the Baltimore Ravens throws a pass in the second half against the San Francisco 49ers during Super Bowl XLVII at the Mercedes-Benz Superdome on February 3, 2013 in New Orleans, Louisiana.  (Photo by Harry How/Getty Images)

Joe Flacco led the Baltimore Ravens to a Super Bowl XLVII victory but is now an unrestricted free agent. (Photo by Harry How/Getty Images)

CBS SPORTS — There was a time when a big contract signed by a free agent had a ripple effect around the league. I remember when Reggie White signed with the Packers in the first big free-agent deal. I was at the Jets at the time and led our campaign to attract Reggie with a four-year $16 million deal. He went to Green Bay for close to the same money.

The White deal had a ripple effect felt around the league.

High-priced free agents like White changed the structure of contracts, with more guaranteed money than ever before. It was only the beginning of league-changing deals.

The New York Giants put a mega deal together to retain Michael Strahan, which once again upped the ante for pass rushers around the league.

Those two moments in NFL contract history are memorable, and created a ripple effect felt around the league. But the Joe Flacco situation is going to cause more than a ripple effect. It may cause a tidal wave.

Flacco is the catalyst to a perfect storm for teams trying to sign or retain quarterbacks.

Last summer Flacco bet on himself when he turned down a solid offer from the Ravens over wanting more money. He won the Super Bowl and the game’s MVP and now he’s in the driver’s seat. Coupled with the lack of growth in the 2013 salary cap and that a team like the Ravens really can’t afford to use the exclusive franchise tag on Flacco and incur a $20 million one-year cap hit, quarterbacks around the league are awaiting the results of his negotiations.

Knowing Joe Flacco, and based on his most recent “bet on himself” attitude, he may play under the tag and force another tag at something close to $24 million.

There are a number of quarterbacks who know their new deals will work off the Flacco deal and even though some of the quarterbacks close to expiring contracts don’t have Flacco’s winning credentials they all stand to make more money after the Flacco deal is complete. For that reason alone we may not see any quarterbacks aside from Drew Brees doing deals, extensions or even restructures until the Ravens and Flacco come to an agreement. Here’s a look at the quarterbacks in waiting.

Jay Cutler, Chicago Bears: He is in the last year of a deal that pays him $8.47 million this year. His five-year $50 million deal signed in 2009 looked like a solid deal but it will not even compare to the Flacco deal. Cutler sits and waits.

Tony Romo, Dallas Cowboys: He is in the last year of his deal that averages $11.2 million. The Cowboys talked extension back in August but didn’t get a deal done and now they are scheduled to be over the cap by close to $20 million. Romo isn’t about to add years to his deal until he sees what Flacco gets and the $11.2 million average isn’t going to get it done, especially if Flacco averages closer to $20 million.

Matt Ryan, Atlanta Falcons: He has one year left on a deal that averages $11 million and the Falcons would love to create some salary cap space by leaning out Ryan’s cap charge and adding years. No one is more tied to Joe Flacco than Matt Ryan because they came into the league in the same draft. Whatever the Falcons thought was the right deal two months ago, won’t be, as they’ll be paying more when the Flacco deal is resolved.


Also Check Out: