The Ravens have already confirmed the news:
We have signed Pat Ricard to an extension through the 2021 season.
— Baltimore Ravens (@Ravens) December 3, 2019
Reports from a few months ago mentioned that the Ravens were discussing a possible extension with Ricard and it looks like they were able to get an agreement in place well in advance of free agency.
Ricard, 25, signed with the Ravens as an undrafted free agent out of Maine in 2017. He’s currently entering the final year of the three-year, $1.66 million contract he signed and is set to make a base salary of $645,000 in 2019.
In 2019, Ricard has appeared in 12 games for the Ravens and caught eight passes for 47 yards receiving and one touchdown.