Joe Flacco: Agrees to three-year extension

Flacco (knee) agreed to a three-year contract extension with the Ravens on Wednesday, Ian Rapoport of NFL Network reports.

Analysis:

The extension will keep Flacco in purple and black through the 2021 season, and potentially the end of his career. The Delaware product remains in recovery from a torn ACL, and has nine months from the surgery date (Dec. 8) to be ready for Week 1 of the 2016 campaign. When healthy, Flacco remains a middling fantasy quarterback, with two of the team's expected top receiving options in Steve Smith (Achilles) and Breshad Perriman (knee) returning from major injuries as well. The Ravens may also supplement their receiving options in the NFL Draft, but a lot of question marks surround the team's passing game heading into 2016.