The Facts: Smith has been signed by the Ravens. Per a league source, it’s a one-year, $1.5 million deal. Technically, the agreement has been reached in principle; Smith has to pass a physical.
Diehards Line:Smith was the Eagles’ franchise player in 2008, but they made no serious bid to keep him this time around. He reportedly had narrowed his choices to Atlanta and Detroit. On Monday, however, word broke that the Falcons were out of the running. ... As PFT's Mike Florio pointed out, HC John Harbaugh is closely familiar with Smith, given that Harbaugh served as an assistant coach in Philadelphia during most of Smith’s career there. It’s unknown what this development means for veteran Todd Heap, who is due to earn a base salary of $3.6 million in 2009.