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Flacco on the verge of signing record breaking contract for Baltimore

Super Bowl MVP Joe Flacco has agreed to a $120 million contract extension. Credit: Keith Allison/Flickr

Super Bowl MVP Joe Flacco looks likely to sign a $120 million contract extension with the Baltimore Ravens. Credit: Keith Allison/Flickr

Superbowl MVP quarterback Joe Flacco has agreed to a tentative deal with champions the Baltimore Ravens worth a record breaking $120 million over six years.

Flacco and the Ravens attempted to come to an agreement on a new deal before the start of the 2012 season. The negotiations fell through, however, and he played out the final year of his rookie contract, in which he earned nearly $7 million, in hopes that the money would come once the season was over.

Negotiations tip in the favor of the party holding the most cards, and in this case, that was Flacco. An unrestricted free agent in 2013, Flacco gambled that he could get more money out of the Ravens at the conclusion of the 2012 season than what they offered him before it started. And he ended up having the biggest bargaining chip someone in his situation could posses—a Super Bowl MVP award.

Earning that award as the culmination of a nearly flawless four-game span of playoff performances is a good way to get a huge pay raise. When it happened at the same time that Flacco was about to become an unrestricted free agent, there was only one solution for the Ravens—pay Flacco, and handsomely, or potentially find themselves without a starting quarterback.

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.

After all what team who was in need of a Superbowl MVP and had the cash to burn wouldn’t hesitate to lure Flacco away from Baltimore? The Ravens had no choice but to give Flacco the contract he and agent Joe Linta had been seeking all along.

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

The 28-year-old Flacco is the only quarterback to win a post-season game in each of his first five pro seasons. He had a spectacular playoffs and Super Bowl this year, throwing for 11 touchdowns with no interceptions.

He also holds the record for playoff road wins with six.

Timing is also crucial when it comes to announcing the deal. Although Flacco won’t be signing it until Monday at the earliest, look for Flacco and the Ravens to hammer out the final little details as quickly as possible so that the deal can be finalized early in the morning.

Flacco said after the Super Bowl victory over San Francisco that he expected to be back in Baltimore. He made sure of that Friday, coincidentally hours after the franchise tag figures for 2013 became known.

Had Flacco been franchised, he would have earned at least $14.896 million this season.




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