The Super Bowl Most Valuable Player is not under contract for next season. Newsome said the sides were “very close” to a deal before the season began, but it was a mutual agreement to stop negotiations until the end of the season.

“I’m coming away today thinking that we can get a deal done,” Newsome said at the “State of the Ravens” season-ending news conference. “We’ve got deals done with Haloti [Ngata], JO [Jonathan Ogden], Ray [Lewis], Ray Rice, Ed Reed, [Terrell] Suggs. I’ve got a very good owner who understands the business and understands the importance of certain positions. So, I’m optimistic.”

If the Ravens can’t get a deal completed before the start of free agency, the team will put the franchise tag on Flacco. The exclusive tag, which would take Flacco off the free-agent market, would take $20 million of cap space this season.

“We’re looking to get a fair deal done with Joe,” Newsome said. “If we’re able to get a deal done, it will allow us to be able to participate more in the market if we so choose. But we understand what the priority is.”
Flacco’s agent, Joe Linta, was asked in an interview with CNBC on Tuesday whether Flacco should be the highest-paid at his position, to which he simply responded, “Yes.”

Flacco, 28, is younger than Peyton Manning (who’s earning $18 million per year) and Drew Brees ($20 million), and now has as many Super Bowl titles as each of them. Linta said those are the numbers that matter.

“When you do a contract of this magnitude, you look at what is the player’s body of work presently,” Linta told CNBC. “And what are the expectations going forward over the next four, five or six years.

“Joe wins on both accounts.”

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