OWINGS MILLS, Md. (AP) - Baltimore Ravens quarterback Joe Flacco has signed a new contract worth $120.6 million over six years, making him the highest paid player in NFL history.

The Super Bowl MVP finalized the deal Monday. Flacco will receive a $29 million signing bonus and $52 million in guaranteed money.

Flacco says, ``It's not really about the money, it's about that respect.''

The 28-year-old Flacco threw 11 touchdown passes and no interceptions during the postseason and led the Ravens to a Super Bowl win over San Francisco.

That probably helped him in negotiations, but Flacco says, ``I think I'm an asset to this team. ... The fact that we won the Super Bowl just comes with that. If we didn't win the Super Bowl this year, I still think I'm worth the same.''