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The Indianapolis Colts and veteran quarterback Joe Flacco have reached agreement on a one-year deal worth up to $8.7 million, sources told ESPN's Adam Schefter.
Flacco, who played for the Cleveland Browns last season and won NFL Comeback Player of the Year honors, will receive $4.5 million guaranteed in the deal, according to sources.
After a season-ending shoulder injury to starting quarterback Deshaun Watson, Cleveland signed Flacco to its practice squad Nov. 20.
Two weeks later, Flacco made his first start. He went on to become the first quarterback in NFL history to throw for over 250 yards and multiple touchdowns in his first five games with a new team.