Flacco's six-year deal finalized

Ravens quarterback's deal worth $120.6 million

By The Sports Xchange
POSTED: 11:19 AM Mar 04 2013   UPDATED: 9:15 PM Mar 04 2013
Super Bowl XLVII, Baltimore Ravens QB Joe Flacco

Joe Flacco's six-year deal with the Baltimore Ravens has been finalized, and he is scheduled to sign the contract on Monday, multiple media outlets reported.

The deal is worth $120.6 million, NFL.com's Albert Breer reported Sunday night. It is the richest contract in NFL history.

The only remaining issue to iron out deals with marketing, and that is expected to be settled quickly.

Flacco's new contract includes $52 million in guaranteed money, and he also will receive a $29 million signing bonus, according to the NFL.com report.

He is scheduled to earn $30 million in Year 1, $51 million through Year 2, $62 million through Year 3, $80 million through Year 4, and $100.6 million through Year 5.

Option bonuses of $15 million and $7 million are also part of the deal.