Joe Flacco and the Baltimore Ravens have agreed to a six-year, $120.6 million contract that makes the quarterback the highest-paid player in NFL history, a source familiar with the deal told ESPN NFL Insider Adam Schefter.
The two sides will work on the contract language this weekend, and Flacco is expected to sign the deal Monday in Baltimore, sources told ESPN senior NFL analyst Chris Mortensen.
Fox Sports was the first to report that Flacco and the Ravens had agreed to a deal.
Drew Brees is currently the highest-paid player in the NFL, averaging $20 million per year.
Flacco played out his rookie contract last season for $6.76 million. Now, based on the $120.6 million deal, Flacco will make an average of $168,908 each day of the regular season for the six years.
Ravens running back Ray Rice took to Twitter to congratulate his teammate Friday night.
"Dinner and a few nights on Joe Flacco when we get back well deserved #Ravens," Rice tweeted.
Capping a perfect postseason, the unassuming and unheralded Flacco completed 22-of-33 passes for 287 yards and three first-half touchdowns, earning Super Bowl MVP honors for leading the Ravens to a 34-31 victory over the San Francisco 49ers.
He wrapped up Baltimore's four-game run to the title with a record-equaling 11 TD passes and zero interceptions, going 73 of 126 for 1,140 yards. It was an impressive streak that included road victories against two of the game's most respected quarterbacks, Peyton Manning and Tom Brady, and a first-round home win against No. 1 overall draft pick Andrew Luck.
The 28-year-old Flacco, a fifth-year pro, threw for 22 touchdown passes and 10 interceptions in the regular season. He has thrown for 17,633 yards, 102 touchdowns and 52 interceptions in 80 career games.
Flacco is the only quarterback to win a postseason game in each of his first five pro seasons. He also holds the record for playoff road wins with six. - espn