NEW YORK -- Barry Larkin was elected to baseball's Hall of Fame on Monday with plenty of room to spare.

The former Cincinnati Reds shortstop was chosen on 495 of 573 ballots (86 percent) in voting announced by the Baseball Writers' Association of America, well above the necessary 75 percent. Larkin was on the ballot for the third time after falling 75 votes short last year.

"I was absolutely shocked," he said in an interview with ESPN's "SportsCenter" on Monday.

Larkin, who currently is an ESPN baseball analyst, said he expected to get the call from Hall of Fame, if he was elected, at 1:30 p.m. ET. But he didn't receive a call until 2:50.

"I was absolutely floored," he told ESPN when asked about his reaction upon receiving the call. "I'm just so, so proud."

He will be inducted July 22 in Cooperstown along with the late Ron Santo, elected last month by the Golden Era Committee.

"It's baseball immortality. It's the pinnacle. It's like winning the World Series," Larkin told ESPN of his election.

Playing from 1986-04 -- all with his hometown Reds -- Larkin hit .295 with 198 home runs, 960 RBIs, 2,340 hits and 379 stolen bases. A 12-time All-Star, he won the 1995 NL MVP award, three Gold Gloves and the 1990 World Series. In 1996, he became the first shortstop to have 30 homers and 30 steals in a season.

In addition to his Little League, high school and college coaches, Larkin credited late Michigan football coach Bo Schembechler, who recruited him out of Cincinnati and then redshirted him as a freshman.

"I was a better football player than a baseball player at the time," Larkin said in a conference call. "I just worked on my baseball talent, just that alone. That was an eye-opener because I got so much better."

Jack Morris was second with 382 votes (67 percent), missing by 48 votes on his 13th try but up sharply from 54 percent last year. The pitcher has two chances left on the BBWAA ballot, and no player has received such a high percentage without eventually gaining election.

Jeff Bagwell was third at 56 percent, followed by Lee Smith (51 percent), Tim Raines (49 percent), Alan Trammell (37 percent) and Edgar Martinez (37 percent).

Mark McGwire, 10th on the career home run list with 583, received 19.5 percent in his sixth try, down from 19.8 percent last year and 23.7 percent in 2010 -- a vote before he admitted using steroids and human growth hormone.

Bernie Williams received the most votes (55) among players who were eligible for the first time. Bill Mueller got just four votes and will be dropped in future years, along with Juan Gonzalez (23) and Vinny Castilla (six).