So I know this helps the Ravens this year, but it adds $40 million to his contract that is guaranteed, and since the Super Bowl, Flacco has not played like a guy who deserves that kind of money. Just my opinion of course, but it does help for this year bridge the gap at other positions.

OWINGS MILLS, Md. -- Baltimore Ravens quarterback Joe Flacco wasn't in a rush to sign a contract that would make him among the highest-paid players in NFL history.

Flacco said the sides hammered out the three-year extension quicker than he anticipated, and the deal was essentially completed earlier in the week. But he chose to "sleep on it" before officially agreeing to the contract Wednesday.

"This only happens two or three times in a career," Flacco said at Wednesday's news conference. "I had to sit back and remind myself what a big deal this is and what a big decision this is. I'm as happy as can be. I'm not going to think about this another day past today.

Read More: http://espn.go.com/nfl/story/_/id/14...deal-extension