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Article updated: 3/4/2013 4:32 PM

Ravens QB Flacco signs NFL’s richest contract

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Baltimore Ravens quarterback Joe Flacco speaks at a news conference at the team's practice facility in Owings Mills, Md., Monday, March 4, 2013. Flacco agreed to a contract that will make him the richest quarterback in NFL history after leading the Ravens to a Super Bowl XLVII victory over the San Francisco 49ers.

Associated Press

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Joe Flacco signed his new contract with the Baltimore Ravens 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. “I know that this isn’t going to hold up for that long, but that’s not a priority of mine to be the highest-paid guy," Flacco said.