Joe Flacco’s New Contract Is For Six Years $120.6 Million, $52 Million Guaranteed

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As we reported Friday, the Baltimore Ravens and Joe Flacco have agreed to new deal that will make him the highest paid player in NFL history.

Terms of that deal are now starting to leak out as Flacco is set to sign the contract Monday at 2 p.m.  Ian Rapoport of NFL.com is reporting that the numbers are six years, $120.6 million with $52 million guaranteed.

Flacco’s salary cap number for 2013 will be $6.8 million, which should allow the Ravens to have a good amount of cap flexibility now.

Here is a break down of the richest deal in NFL history, courtesy of NFL.com

» $29 million signing bonus

» $29 million cap number in Year 4

» $30 million in Year 1

» $51 million through Year 2

» $62 million through Year 3

» $80 million through Year 4

» $100.6 million through Year 5

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

Flacco bet on himself, and he won big time.

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