With the Colts starting QB, Joe Flacco has an opportunity for contract incentives

According to NFL Network's Tom Pelissero, Joe Flacco, now the Indianapolis Colts' starting quarterback, will have the opportunity to earn up to $3.7 million in additional contract incentives.

The Colts signed Flacco to a one-year, $4.5 million contract in the offseason. This came in the form of a $1.5 million signing bonus and a $3 million base salary.

Based on the team's performance under Flacco, he will now have the opportunity to add to the $4.5 million total.

As highlighted in Pelissero's post, Flacco may receive additional compensation based on playing time And The Colts make the playoffs and the maximum is $1,000,000.

• 30% or more of offensive playing time during the 2024 regular season: $250,000 or

• 40% or more of offensive playing time during the 2024 regular season: $500,000 or

• 50% or more of offensive playing time during the 2024 regular season: $750,000 or

• 60% or more of offensive playing time during the 2024 regular season: $1,000,000 or

Another bonus opportunity for Flacco is that he will earn $100,000 for every Colts win in which he plays at least 50 percent of the offensive snaps, up to a maximum of $1.7 million.

Then, for each potential playoff game in which Flacco plays 50 percent of the offensive snaps and the team wins, Flacco will earn an additional $250,000, up to a maximum of $1,000,000.

In total, the additional earning potential for Flacco between these three separate incentives is the aforementioned $3.7 million.

Any additional incentives Flacco receives will be on top of his 2024 cap hits that the Colts will have to absorb.

This article originally appeared on Colts Wire: As Colts starting QB Joe Flacco has opportunity to receive contract incentives