Yes they can restructure, but, there is a history to the current contract that we need to review. Ravens wanted to extend Flacco before last year of rookie deal ran out. Per Flacco's agent's advice,they chose to play out final season with no extension. Fast foward, Flacco caught lightning in bottle with his historic playoff numbers. Won super bowl... Back up the Brinks truck. That produced current outrageous contract. A contract Ravens never planned on honoring after this up coming season. Ravens want to rewrite and extend contract with less money,hence a paycut,more in line with what Flacco is really worth. I'm sure Flacco and agent are not gonna play that game. They know Ravens won't cut him... Since there are several teams who need a quarterback and have the money to spend. Couple that with aging veterans and their high salaries no longer able to produce at those salaries. Think Monroe,Zuttah,Suggs,Dumervil,Webb,Linebacker Smith. Not looking good. I think Ravens and Flacco will eventually work it out, But it's not gonna be cheap. Plus, they still have a good bit of dead money. Yes, they are screwed.