Ravens Reach Agreement With WR Steve Smith

Update:

#Ravens have OFFICIALLY reached a 3-year deal with WR Steve Smith! http://t.co/HGSJmhYO1H pic.twitter.com/T8XnLprMAZ

— Baltimore Ravens (@Ravens) March 14, 2014

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ESPN’s Adam Schefter reports that the Baltimore Ravens and WR Steve Smith have reached agreement.

• According to Schefter, Smith receives a three-year contract.
• Jason La Canfora reports that Smith receives $10.5 million in his three-year contract and a $3.5 million signing bonus.
• Aaron Wilson reports that the Seahawks and Patriots both had interest in Smith as well.
• Ian Rapoport reports that Smith canceled a visit with the Patriots after meeting with the Ravens.

Smith reportedly had interest from a number NFL teams, however the Ravens appeared to be the favorites from the moment reports surfaced that he could be on the chopping block.

Baltimore re-signed Jacoby Jones, but were still in need of another receiver. It seems like a good fit given that Smith could end up playing a similar role to the one Anquan Boldin did a few years ago.

Smith, 34, totaled 64 receptions for 745 yards and four touchdowns for the Panthers last season over the course of 15 games. Pro Football Focus had him graded as the No. 27 receiver in the league with solid rating as a receiver and as a blocker.