The Baltimore Sun reported talks went fine between Flacco's agent, Joe Litna, and Ravens vice president of football administration Pat Moriarty. Talks are expected to continue as both sides try to hammer out a deal before the March 4 deadline that teams have to use their franchise tag. If no deal is reached, Flacco is expected to be tagged.
Earlier this month, Ravens general manager Ozzie Newsome said he is optimistic that the team will get a long-term deal done with the quarterback. Flacco is not under contract for the coming season. The franchise tag, which would take the 28-year-old Flacco off the free-agent market, would take $20 million of cap space this season.
Newsome said Feb. 7 that the sides were close to a deal before the season began, but it was a mutual agreement to stop negotiations until the end of the season.
Flacco, who made less than $7 million last season, is expected to become one of the NFL's highest-paid quarterbacks. Drew Brees, at an average of $20 million per season, and Peyton Manning, who made $18 million last season, currently top the pay scale for quarterbacks.
Information from ESPN NFL Insdier Adam Schefter was used in this report.