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Flacco deal done, signing tomorrow

Denver Broncos v Baltimore Ravens

BALTIMORE, MD - DECEMBER 16: Quarterback Joe Flacco #5 of the Baltimore Ravens walks across the field after losing to the Denver Broncos at M&T Bank Stadium on December 16, 2012 in Baltimore, Maryland. (Photo by Patrick Smith/Getty Images)

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When word broke Friday night of a deal in principle between the Ravens and quarterback Joe Flacco, agent Joe Linta issued a statement explaining that, if there are no issues with the language of the contract, Flacco would sign it.

Per a source with knowledge of the situation, Flacco is signing it. Tomorrow.

The six-year, $120.6 million deal pays out $51 million over the first two years, and $62 million over the first three, we’re told.

In all, $52 million is guaranteed. It’s currently unclear how much is fully guaranteed upon signing, and how much is guaranteed for injury only.

The agreement will be signed at 2:00 p.m. ET. Two hours before the window closes on using the franchise tag.