12:47pm: The Ravens have officially announced Smith’s new deal (Twitter link).
10:19am: The Ravens have agreed to terms on a new contract for free agent linebacker Daryl Smith, reports Adam Schefter of ESPN.com (via Twitter). According to Schefter, it’s a four-year deal worth $16.1MM.
Smith, 32, started all 16 games for the Ravens last season after spending the first nine years of his career in Jacksonville. Appearing in 1,097 snaps, Smith was especially solid as a a pass-rusher and in pass coverage, according to Pro Football Focus, whose metrics ranked him 16th among 55 qualified inside linebackers (subscription required).
Earlier this week, we heard that the Ravens wanted to re-sign Smith but not at his current asking price, so it appears the two sides reached a compromise of some sorts. A four-year, $16MM+ deal is a nice haul for a player who turned 32 today, but we’ll have to wait to see how much of that total is guaranteed. The Broncos were also rumored to have interest in the linebacker.