Ravens, Harbaugh agree on contract extension

Despite the lack of a Super Bowl ring, it'd be hard to argue that John Harbaugh's first three years in Baltimore have been anything but successful.

Under Harbaugh, the Ravens have posted a 36-19 record (including postseason), made the playoffs in all three seasons, and won four postseason games on the road.

Because of his success in Baltimore, Harbaugh will be sticking around Charm City a bit longer.

The Ravens have announced that they've signed Harbaugh to a contract extension, which will run through the 2014 season, according to a source. I'm also hearing the deal will be worth in the $12 million range, which will provide Harbaugh around $4 million annually.

"Having John increases our opportunity to compete for the NFL championship every year, which is our goal," team president Dick Cass said in a statement.

Harbaugh's initial contract with the Ravens was set to run through the 2011 season. Rather than let Harbaugh enter his lame-duck season without a new deal, the Ravens took care of him with a long-anticipated extension.

"This is much appreciated and I am thankful to Steve (Bisciotti, team owner)," Harbaugh said in a statement. "I want to stand shoulder-to-shoulder with him, Ozzie (Newsome), Dick, our players and everyone else in the organization as we work to bring championships to Baltimore. We have a lot of great people who are Ravens.

"I'm proud to be part of this. We all push each other and pull together. I said it when I came here: 'It's about the team.' And, we plan to be a championship team."

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