BALTIMORE (WJZ) — The Ravens commit to keep their Super Bowl champion quarterback Joe Flacco, and it’s going to cost them.

When it’s finalized, Flacco’s contract will reportedly make him the highest paid quarterback in NFL history.

Sports director Mark Viviano has the developments.

Reports are Flacco’s contract is worth more than $120 million. The Ravens confirm that they’ve agreed to the framework of a deal, and it comes just before Monday’s deadline.

He brought the Super Bowl trophy back to Baltimore and he’ll remain a Raven for years to come.

Joe Flacco caps a record-breaking playoff run with a record-breaking contract reportedly worth more than $120 million for six seasons–a contract he was confident he would get.

“This is a great organization. I love being here, great city so I don’t really anticipate any problem,” said Flacco.

When completed, the Flacco contract will help the Ravens avoid a problem. Spreading out payments over years will give them salary cap relief this season to sign other players.

Drafted by the Ravens to be the franchise QB in five seasons, all leading to the playoffs, Flacco has proven his worth.

“Pay him whatever he asks for. Hear that Steve? Pay the man!” said Ravens Coach John Harbaugh.

Paid indeed. Flacco and his agent are expected to be at team headquarters in Owings Mills to complete the contract Monday.

Flacco’s contract will surpass that of New Orleans quarterback Drew Brees–who is currently the highest paid in NFL history.