AP sources: Flacco agrees to Ravens deal

Published on NewsOK Modified: March 2, 2013 at 2:53 am •  Published: March 2, 2013
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Joe Flacco will have a huge contract to go along with his Super Bowl ring.

The Baltimore Ravens reached a tentative agreement Friday on a new deal that would make the Super Bowl MVP the highest-paid player in NFL history.

If the deal is finalized, the veteran quarterback would receive in excess of $120 million over six years, according to a person close to the negotiations who spoke on condition of anonymity because the contract has not yet been signed. Flacco would earn more than the $20 million average salary Drew Brees receives with the New Orleans Saints.

Reaching agreement with Flacco before Monday's 4 p.m. franchise deadline meant the Ravens are assured of retaining their starting quarterback and don't have to take a salary cap hit of approximately $19.5 million.

Flacco played out his rookie contract last season for $6.76 million and led Baltimore to the NFL championship.

Ravens general manager Ozzie Newsome said the sides have settled on the parameters of the deal, but still have some language and details to work out.

Fox Sports first reported the new deal.

On Feb. 7, Newsome said, "If we are able to get a deal done, it will allow us to participate more in the (free agent) market, if we so choose."

With Flacco's contract essentially settled, Newsome can turn his attention toward re-signing free agents Ed Reed, Paul Kruger and Bryant McKinnie.