Flacco said the sides hammered out the three-year extension quicker than he anticipated, and the deal was essentially completed earlier in the week.
The three-year agreement is worth $66.4 million and includes an NFL record $40 million signing bonus, a source told ESPN's Adam Caplan. This allows the Ravens to keep their franchise quarterback under contract through 2021 and alleviates some restless nights in the future for general manager Ozzie Newsome.
The touchdowns weren't impressive (14), but Flacco averaged 41.3 pass attempts and 279 yards passing in 10 games before tearing his ACL in November. He was on pace for 661 pass attempts and 4,464 yards, which would have been good for 1st and 6th in 2015. He'll be far off the fantasy radar in one-QB leagues, but with Marc Trestman at offensive coordinator and what should be an improved (i.e. healthy) stable of weapons, Flacco will be in the streaming discussion when he has a favorable matchup.