Contract status, Lamar Jackson's rise could lead to end of Joe Flacco's time in Baltimore

McShay: Jackson has provided Ravens with a 'spark' (1:05)

Todd McShay is impressed with Lamar Jackson's play so far, but says there is plenty to improve in terms of his throwing ability. (1:05)

Now that quarterback Joe Flacco officially has been demoted in favor of rookie Lamar Jackson, it's possible the Baltimore Ravens could part ways with the Super Bowl XLVII MVP.

Flacco is due $18.5 million in salary next season, $20.25 million in 2020 and another $24.25 million in 2021. Despite the hefty price tags, the Ravens have already absorbed Flacco's guaranteed money, giving them the freedom to part ways with the 11-year veteran.

Additionally, if the Ravens were to trade Flacco this offseason, they would save $10 million against their 2019 salary cap.

A Flacco trade will be easy to consummate from a financial standpoint, making him a viable option for teams that have a need at the position.