"It doesn't matter. It's an extension for cap purposes. And we don't know all the details at this point," agent Joe Linta told USA Today. "The bottom line is, whether Brady took a pay cut or took $27 million a year, it wouldn't have an impact on what we're doing. We've determined a number that we think is fair with respect for the Ravens' cap situation."
While Linta said he didn't know the details of Brady's contract extension, a league source told ESPN.com that Brady received a $30 million signing bonus and is now under contract for five seasons with $57 million guaranteed for injury. Meanwhile, his 2013 cap charge was heavily reduced for the Patriots, from $21.8 million before the extension to $13.8 million after the deal.
Linta, who met with the Ravens last week at the NFL scouting combine, told USA Today that negotiations with the team are "going fine" and that the talks "could be done in three minutes or three years."
He told USA Today that Flacco is willing to agree to a deal that won't compromise the Ravens' salary cap.
"Joe absolutely wants to work with the Ravens to ensure that they're not impacted cap-wise. Joe doesn't want to see anybody get cut as a result of this deal," Linta told USA Today.
Flacco is set to become an unrestricted free agent on March 12. The Ravens are expected to use their franchise tag to keep him in the fold, however, if the sides can't agree to a long-term contract.
Flacco completed 22 of 33 passes for 287 yards and three first-half touchdowns and earned Super Bowl MVP honors for leading the Ravens to a 34-31 victory over the San Francisco 49ers.
He wrapped up Baltimore's four-game run to the title with a record-equaling 11 TD passes and zero interceptions, going 73-of-126 for 1,140 yards. It was an impressive streak that included road victories against two of the game's most respected quarterbacks, Peyton Manning and Brady, and a first-round home win against No. 1 overall draft pick Andrew Luck.
The 28-year-old Flacco, a fifth-year pro, threw for 22 touchdown passes and 10 interceptions in the regular season. He has thrown for 17,633 yards, 102 touchdowns and 52 interceptions in 80 career games.
Information from The Associated Press was used in this report.