Flacco, Ravens reach long-term deal

Quarterback Joe Flacco agreed to a long-term deal with the Baltimore Ravens Friday that is expected to make him the highest-paid quarterback in NFL history, a source told ESPN's Adam Schefter.

The deal, which Flacco will sign Monday, comes four days before the Ravens would have placed the franchise tag on the Super Bowl MVP. The exact numbers of the agreement have not been released.

I will post more on this news later this evening.