The Baltimore Ravens and rookie first-round pick Joe Flacco agreed to a five-year contract worth up to $30 million, agent Joe Linta said Wednesday night. The deal includes $8.75 million in guaranteed money. The signing ensures that Flacco will have a fair chance to compete for the starting quarterback job in Baltimore when the team reports to training camp next week. The rookie from the University of Delaware will battle Troy Smith and Kyle Boller in a three-way race this summer.

Just in the nick of time. Let the competition begin

ESPN - Agent: First-round pick Flacco agrees to contract with Baltimore - NFL