The deal makes Flacco, who led the Baltmore Ravens to a Super Bowl victory, a higher paid player than the most elite NFL quarterbacks. That's right, Joe Flacco will average $100,00 more than the average annual value of new Orleans Saints QB Drew Brees.
But is Flacco worth it?
During the regular season, numbers would suggest no, but the team nor fans around the NFL can't ignore the fact that Flacco has led his team to the playoffs in every season he has played and no one can deny his performance in this year's playoffs where he led his team to an unbelievable victory against Peyton Manning's Denver Broncos and outperformed Tom Brady to lead the team past the New England Patriots in Foxboro.
Ironically, the news of Flacco's deal came just after Tom Brady agreed to restructure his deal with the Patriots in order to free up cap space so the team can sign other players.
With the deal, the Ravens are setting themselves up for long-term success as the 28-year old has much football ahead of him and is now very experienced performing in the big games. The same type of games he was criticized for not stepping up for by his teammate Ed Reed.
Speaking of Reed, the deal may cause the Ravens some key defensive players as Reed is a free agent as well as key players such as Dannell Ellerbe, Paul Kruger and Cary Williams.
A team that has always been valiant on defense and has pretty much been led by their defense is taking a risk by putting their future in Flacco's hands. But good things seem to happen and the team feels it is a risk worth taking.
So, is Flacco worth $120.6 million? To the Baltimore Ravens, who hold the ultimate prize, absolutely yes.