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Ravens' Flacco signs NFL's richest contract at $120.6 million

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OWINGS MILLS, Md. (AP) — Joe Flacco knows his stature as the highest-paid player in NFL history may not last for long, and he’s OK with it.

What matters most to the Super Bowl MVP is that the Baltimore Ravens were willing to pay him that kind of money in the first place.

Flacco signed his new contract Monday worth $120.6 million over six years. He will receive a $29 million signing bonus, $52 million in guaranteed money and $51 million over the first two years of the deal.

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