OWINGS MILLS, Md. — Joe Flacco knows his stature as the highest-paid player in NFL history might not last long, and he's okay with it.
What matters to the Super Bowl MVP is that the Ravens were willing to pay him that kind of money in the first place.
Flacco signed his contract Monday worth $120.6 million over six years. He gets a $29 million signing bonus, $52 million guaranteed and $51 million over the first two years of the deal.
The former first-round draft pick out of Delaware is the first starting quarterback in NFL history to make the playoffs in each of his first five seasons. He has led Baltimore to nine wins over that span, tying Tom Brady for most among quarterbacks in the first five years of a career.
Flacco threw 11 touchdowns and no interceptions during the recent postseason and led Baltimore to a 34-31 Super Bowl win over San Francisco.
That made the Ravens willing to pay him more than Aaron Rodgers, Peyton Manning, Drew Brees or any other elite QB.
"I'm sure in a couple of months from now, someone is going to sign a deal, and you guys are going to be talking to them about how they are the highest-paid guy in NFL history," Flacco said. "That's just the name of the game. … The priority of mine was to get that respect that I felt, that I feel now from this organization."
Franchise tags: Dallas linebacker/defensive end Anthony Spencer (for the second year in a row), Kansas City offensive tackle Branden Albert and Miami defensive tackle Randy Starks were designated. There were eight players tagged, all non-exclusive. With the non-exclusive tag, a team can match any offer, or get two first-round draft picks in compensation.
Chiefs: Wide receiver Dwayne Bowe agreed on a five-year contract and another potential free agent, punter Dustin Colquitt, agreed to terms.
Colts: Defensive tackle Fili Moala signed an undisclosed contract extension.
Cowboys: Safety Gerald Sensabaugh, a four-year starter, was released.
Jets: John Idzik said Darrelle Revis is getting healthier, but the general manager again declined to address the cornerback's contract status. Revis, entering the final year of his deal, tore his left ACL in September.
Raiders: Offensive lineman Mike Brisiel restructured his contract to give the team salary cap relief, converting $3 million of his $4.35 million base into a roster bonus paid next week.
Saints: Defensive tackle Brodrick Bunkley, a former Chamberlain High and FSU star, restructured his deal to convert $3 million into a bonus.
Steelers: Cornerback William Gay returned with a three-year deal after spending one season with the Cardinals.
Vikings: The team released receiver Michael Jenkins, a former star at Leto High, espn.com reported. The nine-year yeteran was due a $2.425 million roster bonus on March 16.