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Baltimore Ravens quarterback Joe Flacco. (Associated Press)<br>

Baltimore Ravens quarterback Joe Flacco. (Associated Press)

Ravens QB Flacco signs NFL's richest contract

Last Modified: Monday, March 04, 2013 2:23 PM

OWINGS MILLS, Md. (AP) — Baltimore Ravens quarterback Joe Flacco has signed a new contract worth $120.6 million over six years, making him the highest paid player in NFL history.

The Super Bowl MVP finalized the deal Monday. Flacco will receive a $29 million signing bonus and $52 million in guaranteed money.

Flacco says, "It's not really about the money, it's about that respect."

The 28-year-old Flacco threw 11 touchdown passes and no interceptions during the postseason and led the Ravens to a Super Bowl win over San Francisco.

That probably helped him in negotiations, but Flacco says, "I think I'm an asset to this team. ... The fact that we won the Super Bowl just comes with that. If we didn't win the Super Bowl this year, I still think I'm worth the same."

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