Joe Flacco is an elite quarterback now.

Forget about Super Bowl rings, conference or division championships, win-loss record and ability.

The Ravens made him elite Friday night when the two sides agreed to terms on a six-year, $120.6 million contract that made him the highest paid player in NFL history. Flacco now makes more money than the New Orleans Saints' Drew Brees and the Denver Broncos' Peyton Manning.

An above average Joe has become "Elite Joe."

The question now is what happens to the Ravens, and where do they go from here as far as signing and re-signing free agents?

Despite the constant chatter from Flacco's no-name agent John, uh, Joe Linta, the Ravens didn't make Flacco the highest-paid player based on ability, but because it was the right thing to do.

If he was that good, they wouldn't have let the negotiations come down to weeks before free agency began.