Today, the Baltimore Ravens announced that they have signed veteran wide receiver Steve Smith, formerly of the Carolina Panthers, to a three-year contract.
This three-year contract is worth a total of $11.5 million. This makes the average value per year of the contract $3.83 million. There was a signing bonus of $3.5 million. The total guaranteed money is currently unknown. When all of the contract information is available, a contract breakdown will be posted.
Since being drafted by the Panthers in the third round of the 2001 NFL Draft, the 34-year old had spent his entire NFL career there (13 seasons).
His best season came in 2005 where he caught 103 passes for 1,563 yards and 12 touchdowns. All of these are career-highs.
During his time in Carolina, he was a five-time Pro Bowl selection (2001, 2005, 2006, 2008 and 2011) and a three-time All-Pro (2001 and 2005 first-team and 2008 second-team).
Last season he caught 64 passes for 745 yards and four touchdowns while playing in 15 games. As their number one receiver, he helped lead the Panthers to the playoffs number two seed in the NFC. They would lose in the Divisional Round to the San Francisco 49ers.
Back in the 2003 season, he helped lead the Panther to Super Bowl XXXVIII against the New England Patriots. The Panthers lost 32-29 in a thrilling game where he caught four passes for 80 yards and one touchdown.
An expressive player, he is known for being outspoken on and off the field. Last season, he and former Patriots––now Broncos––cornerback Aqib Talib got into it during a game. Tailb later left the game due to an injury. In a post game interview, a reporter asked Smith if he had anything to say to Talib. In response, Smith gave one of the best one-linners in history: "Ice up son."
Released by the Panthers a few days ago due to salary cap reasons––a high cap hit and old age never bode well for players––he will get to face the Panthers this season as the Ravens will host them this season.
He is the only free agent that the Ravens have signed so far that isn't one of their own. The Ravens tend to not be very active in free agency as they build through the draft. Since he was released, he won't count against the Ravens' compensatory picks in the 2015 NFL Draft. Currently, the Ravens would be getting three––the maximum is four––due to the losses of Arthur Jones, Corey Graham and Michael Oher.
With the addition of Smith, the Ravens top four wide receivers (in no particular order) are now him, Torrey Smith, Marlon Brown and Jacoby Jones. This is an improvement from last season and gives the team flexibility heading into the draft. Torrey Smith and Brown are young and Jones is experience, but a true veteran presence was lacking last season without Anquan Boldin. Steve Smith can fill that void.
Overall, this is a good signing for the Ravens. They got a veteran receiver for quarterback Joe Flacco at a reasonable price. At the end of the day, the Ravens' receiving corps is improved.