A person with knowledge of the deal tells The Associated Press that Super Bowl MVP Joe Flacco has agreed on a new contract with the Baltimore Ravens.

Flacco played out his rookie contract last season for $6.76 million and led Baltimore to the NFL championship. He cashed in Friday with the new deal, although terms were not immediately available.

The person spoke on condition of anonymity because the agreement has not officially been announced.

Fox Sports first reported the new deal.

The 28-year-old Flacco is the only quarterback to win a postseason game in each of his first five pro seasons. He had a spectacular playoffs and Super Bowl this year, throwing for 11 touchdowns with no interceptions.

He also holds the record for playoff road wins with six.