Joe Flacco will have a huge contract to go along with his Super Bowl ring.
The Baltimore Ravens reached a tentative agreement on a new deal that would make the Super Bowl MVP the highest-paid player in NFL history.
If the deal is finalized, the veteran quarterback would receive in excess of $120 million over six years. Flacco would earn more than the $20 million average salary Drew Brees receives with the New Orleans Saints.
Reaching agreement with Flacco before Monday's 4 p.m. franchise deadline meant the Ravens are assured of retaining their starting quarterback and don't have to take a salary cap hit of approximately $19.5 million.
Ravens general manager Ozzie Newsome said the sides have settled on the parameters of the deal, but still have some language and details to work out.
With Flacco's contract essentially settled, Newsome can turn his attention toward re-signing free agents Ed Reed, Paul Kruger and Bryant McKinnie.
Flacco, 28, is the only quarterback to win a postseason 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 with six playoff road wins.
BEARS: Chicago placed a franchise tag on Pro Bowl DT Henry Melton.
In a statement, GM Phil Emery said the team will work with Melton to reach a multi-year deal. If an agreement isn't reached by July 15, Melton will play for $8.45 million.
BRONCOS: Peyton Manning's blindside protector will get a big pay raise next season.
Denver placed its franchise tag on All-Pro left tackle Ryan Clady, ensuring the three-time Pro Bowler a salary of $9.828 million in 2013.
COWBOYS: Dallas signed center Phil Costa to a two-year contract to save salary cap space.
Costa's agent told The Associated Press that Costa's $2.7 million, two-year deal includes a $450,000 signing bonus for $950,000 guaranteed this season.