Joe Flacco, the Baltimore Ravens quarterback, has earned himself a big contract after his team won Super Bowl XLVII against the San Francisco 49ers.
The NFL quarterback agreed to the largest contract in NFL history, which gives Flacco $120.6 million for the next six years, according to a person with knowledge of the negotiations.
The source told USA TODAY Sports that the insider requested anonymity because the deal has not been signed, and details of the pact have not been made public by Flacco’s representatives or the Ravens.
In the month since being named Super Bowl MVP, Flacco’s victory lap cruised through Walt Disney World, The Late Show with David Letterman and the grand parade in downtown Baltimore.
The Ravens had to make this deal or they would risk losing their franchise quarterback as a free agent.
It’s an important deal to finish off a great season. More importantly, the team can operate and maneuver within the NFL’s $123.9 million salary cap without having to tie up $14.9 million on a franchise-tagged number for Flacco — although he will account for a huge chuck of the cap, nonetheless.
The timing couldn’t be better for 28-year-old Flacco to talk about a new deal in his prime as he finished off a Super Bowl victory as the MVP. Quarterback Drew Brees received a deal last year worth $100 million for five years.
It’s certainly worth noting that Flacco and Brees might be setting a standard for NFL quarterback compensation.