FOX Sports' Jay Glazer reports the Ravens and Joe Flacco have agreed to a long-term deal, and it will be signed on Monday.
Terms of the deal are not yet known, but the Ravens beat the deadline with one of their star players once again. CBS Sports' Jason La Canfora talked to a few contract negotiators around the league earlier in the day and speculated a deal could range anywhere from five years and $90 million to six years and $108 million. Of course, neither of those average the $20 million annually that Flacco is said to be seeking, so those could be conservative numbers. Our own Evan Silva predicted seven years and $140 million. The main thing is the Ravens have locked Flacco up long-term without having to use the franchise tag and tying up major cap space as a result. Baltimore can now move on to free agents Dannell Ellerbe, Paul Kruger, and Ed Reed. Stay tuned for further updates.