Joe Flacco reaches new deal with Ravens

FOXSports’ Jay Glazer reported that the Ravens and Joe Flacco have reached a deal to keep the Super Bowl MVP from becoming a free agent.

Flacco is expect to re-sign Monday with Baltimore. After leading the team to a 34-31 Super Bowl victory against the 49ers, speculation began that Flacco would receive a contract to make him the highest paid quarterback in NFL history. Terms of the deal are not yet available. The Ravens official Twitter also announced that there is an agreement clause, meaning the deal is not official yet.

With Flacco secure, the Ravens can focus their attention on other potential free agents, including Ed Reed, Paul Kruger and Bryant McKinnie.

Ravens have agreed to a new contract with QB Joe Flacco. He will sign it on Monday—
Jay Glazer (@JayGlazer) March 01, 2013

BREAKING: Ravens and QB Joe Flacco have agreed to deal expected to make Flacco highest-paid QB in NFL History. (via @JayGlazer)—
NFL on ESPN (@ESPNNFL) March 01, 2013

#Ravens have an agreement in principle with QB Joe Flacco, via NFL source. Deal not yet complete. Anticipate agreement.—
Baltimore Ravens (@Ravens) March 02, 2013