"I'm pretty optimistic," Flacco said. "There's all kinds of crazy things that can happen with these contracts that we've all seen before, but this is a great organisation."
Flacco, whose contract expired Sunday, won the Pete Rozelle Trophy as he led the Ravens to their second Super Bowl title in franchise history with a 34-31 victory over the San Francisco 49ers.
Understandably, Flacco said he didn't get much sleep after the game but it was worth it.
"I got about a hour and a half (sleep)," Flacco said Monday morning. "I'm pretty tired right now. No, it hasn't sunk in yet. It's just a surreal moment, and hopefully in about a week we can wind down and start to enjoy it a little bit."
The Ravens talked about being a team of destiny and they backed it up Sunday by overcoming a late surge by San Francisco and a power failure at the Superdome to win Super Bowl 47.
Flacco's newfound celebrity status didn't take very long to kick in either as immediately after winning his first Super Bowl ring, Flacco took in one of the lavish post-game parties with his family, where he met Jay-Z and Beyonce.
Flacco threw three first half touchdowns and Jacoby Jones returned a kick-off 108 yards to open the second half for the Ravens who won their first Super Bowl in 12 years.
Flacco completed 22 of 33 passes for 287 yards and three touchdowns with no interceptions Sunday, becoming just the sixth player in NFL history to throw three or more touchdown passes in the first half of a Super Bowl.
The numbers are impressive and it should result in a multi-million new contract for Flacco who has been in talks for several months with Ravens' owner Steve Bisciotti about a new deal.
"I love being (in Baltimore), great city, so I don't really anticipate any problems."
Sunday's game included a power outage that delayed the game for 34 minutes in the third quarter.
The Ravens had a let down after the lights came back on, coming dangerously close to squandering a 22 point lead before holding on for the win.
"I don't think it had anything to do with the lights," Flacco said.
"We made some mistakes mentally.
"Their offence started to catch fire a little bit. We did a great job of handling that momentum shift and putting points on the board when we needed to."
NFL commissioner Roger Goodell said Monday the league is still investigating the cause of the power failure which was originally blamed on an overloaded breaker switch.
"The power outage was an unfortunate incident, which we're looking into to try to get the facts," Goodell said. "There were no safety issues at any point in time."
He said one person suffered injuries when an escalator stopped suddenly.
"Everyone stayed calm as they worked through the issues."