The Baltimore Ravens have reached a three-year contract extension with quarterback Joe Flacco, the team announced Wednesday.
The deal is worth $66.4 million with a $40 million signing bonus, making Flacco the league’s highest-paid player and owner of the biggest bonus, according to The Baltimore Sun.
Flacco, 31, is now under contract with the team until 2021.
The signal caller missed the final six games of the 2015 season after sustaining a torn ACL on Nov. 22. The injury occurred during the last series of the game on a passing play.
Flacco finished the season with 2,791 passing yards, 14 touchdowns and 12 interceptions. In eight NFL seasons, he’s passed for 28,322 yards, 162 scores and 102 picks.
A Super Bowl XLVII champion and MVP, Flacco was selected by the Ravens in the first round of the 2008 draft out of Delaware.
The Ravens missed the playoffs in 2015, finishing the season with a 5–11 record.