Coach John Harbaugh expressed confidence on Thursday that a new agreement will be reached.
"He knows that he's in it for the long haul and he wants to put the best team we can on the field," Harbaugh said, via the Baltimore Sun. "He also wants to earn what he's worth, and whatever he signs for, he's going to want to prove that he's worth it, too. That's just how Joe thinks. I'm pretty fired up about it. I'll be really surprised and disappointed if it doesn't get done."
That's crucial for a team with the league's second-smallest cap space and several needs to fill, not least of which is a mega contract for impending free agent guard Kelechi Osemele.
To do so without a Flacco restructure will likely comprise the roster in other areas.