Update: Flacco and the Ravens have agreed to terms on a new contract, Jay Glazer of FOX Sports reports. He's expected to sign the deal Monday.
Recommendation: It sounds like Flacco and the Ravens have reached a long-term deal, though details and financial terms have not yet been disclosed. There was little doubt something would get done after Flacco led the team to a Super Bowl victory, but now any speculation of a parting of the ways can be put to rest. While the 28-year-old ranked 12th in the league during the regular season with a 87.7 quarterback rating, Flacco's play improved significantly in the postseason (117.2 quarterback rating).