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Joe Flacco helps Ravens create salary-cap space with a three-year extension

Joe Flacco helps Ravens create salary-cap space with a three-year extension

Joe Flacco wasn't leaving any time soon anyway. But now it looks like he'll be hanging around in Baltimore for even longer.

The veteran quarterback agreed to a three-year extension with the Ravens on Wednesday, according to multiple media reports.

The deal is worth $66.4 million, with $44 million guaranteed, according to CBSSports.com's Jason La Canfora.

The Super Bowl XLVII MVP signed a six-year, $120.6-million contract before the 2013 season. The new one runs through the 2021 season.

Under the old deal, Flacco would have counted $28.55 million against the Ravens' salary cap. Baltimore was less than $3 million under the cap at the start of the day, with free...

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