Bloomberg News

Ravens Passer Flacco Agrees on 6-Year, $120.6 Million Deal

March 04, 2013

Ravens Quarterback Flacco Agrees on 6-Year, $120.6 Million Deal

Joe Flacco #5 of the Baltimore Ravens celebrates after the Ravens won 34-31 against the San Francisco 49ers during Super Bowl XLVII at the Mercedes-Benz Superdome on Feb. 3, 2013 in New Orleans. Photographer: Harry How/Getty Images

Baltimore Ravens quarterback Joe Flacco completed his Super Bowl season by agreeing to the richest contract in National Football League history.

The Baltimore Sun reported that the deal is worth $120.6 million and includes a $29 million signing bonus and $52 million in guaranteed money. The per-year average exceeds New Orleans Saints quarterback Drew Brees’s $20 million a year, ESPN reported.

The deal allows Flacco to avoid being labeled the Ravens’ franchise player, which would have forced him to sign a one-year contract worth $14.9 million and place all the risk of injury on the 28-year-old passer.

“It was never about the money, it was about earning the respect,” Flacco said during a news conference announcing the deal. “It means a lot.”

Soon after news broke that Flacco had consummated a deal, his teammates began posting comments on the social networking site, Twitter.

“Dinner and a few nights on Joe Flacco when we get back well deserved,” running back Ray Rice posted.

“Man now that’s a pay day!!” offensive lineman Michael Oher commented on the site. “Nobody’s more proud of Joe than his teammates because we all knew he was worth it!!! $$$$$$$ lol.”

Though Flacco’s contract is a six-year agreement, the deal probably will be re-written in the fourth year or Flacco will be released. That’s because he will account for $29 million against the team’s salary limit then, far too much of the total cap, according to NFL.com.

Flacco’s salary will eat up just $6.8 million of Baltimore’s $123 million cap in the coming season, which gives the Super Bowl champions room to sign other players.

Asked what he is going to do with the money, Flacco said: “Nothing immediately. I’m gonna look at it and smile a little bit.”

To contact the reporter on this story: Curtis Eichelberger in Wilmington, Delaware at ceichelberge@bloomberg.net

To contact the editor responsible for this story: Michael Sillup at msillup@bloomberg.net


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