Matt Ryan signed to five-year, $103.75 million extension

Atlanta Falcons quarterback Matt Ryan broke the bank.

He was signed to a five-year, $103.75 million contract extension that includes $59 million in guaranted money, according to a league source.

Ryan is now the second-highest paid player in the league with an annual average of $20.75 million just behind Green Bay Packers quarterback Aaron Rodgers' $22 million annual compensation.

Baltimore Ravens quarterback Joe Flacco's six-year, $120.6 million contract averages $20.1 million and includes a three-year, $62 million payout.

This is quite the deal, a reward for a player who has met expectations since being drafted in the first round out of Boston College.

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Aaron Wilson covers the Ravens for The Baltimore Sun

Aaron Wilson
Aaron Wilson covers the NFL for National Football Post, his second stint at the Post. He has previously written for Pro Football Talk and FOX Sports-Scout. Entering his 13th year covering the Baltimore Ravens, he's a beat writer for The Baltimore Sun. Wilson has also covered the Jacksonville Jaguars and Tennessee Titans.

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