The Cleveland Browns signed Joe Flacco to a one-year contract on Thursday, ending his spell on the practice squad.

Flacco's deal includes $4.05 million in incentives based on winning, according to a source.

The veteran quarterback is set to make $75,000 for each of the remaining four regular-season games he wins this season, per the source. If Cleveland makes the postseason, Flacco would also make $250,000 for a wild-card win, $500,000 for a divisional round win, $1 million for an AFC Championship Game win and $2 million for a Super Bowl win.

The Browns (8-5) currently are all alone as the No. 5 seed in the AFC playoff picture.