The Baltimore Ravens and Joe Flacco have been in contract negotiations for months in hopes of securing a long term deal. Unfortunately, they have been unable to reach an agreement thus far. Flacco is in the final year of his five-year rookie contract and he is ready to finally earn elite money. Considering his performance at the end of last season and in the Ravens 2012 NFL season opener, Flacco is not going to settle for less money than he deserves.

Joe Flacco sat down with the NFL Network's Ian Rapoport and briefly talked about his contract situation. The 27-year-old said he's not worried about the contract because he knows his performances on the football field will speak for itself.

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"Yeah, I'm not worried about my contract, that's exactly why," Flacco said. "As time goes by, I don't see myself getting any cheaper. So, we'll see how that goes."

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Baltimore Ravens management may have made a huge mistake by not agreeing to a long term deal with Joe Flacco this offseason. Flacco opened up the 2012 regular season with a huge win over the Cincinnati Bengals. He completed 21 of his 29 passes for 299 yards and two touchdowns. Even more impressive than the stats is the fact that he has established himself as the leader of the Ravens offense and his teammates trust him to make the right decision with the football.

Flacco has improved leaps and bounds since entering the NFL in 2008. If he continues to looks as good as he did in the Ravens season opening victory over the Bengals, he will likely demand - and deserve - top 5 quarterback money.

In the past, the Ravens didn't necessarily need a great quarterback to be successfully because their defense was by far the best in the league. Nowadays the only way Baltimore will contend for a Super Bowl is if they have a great QB under center. It may sound crazy, but the Ravens will only go as far as Joe Flacco takes them.