Torrey Smith, Pernell McPhee leaving Ravens; Justin Forsett could too

The Baltimore Ravens are losing their two biggest free agents this offseason.

Wide receiver Torrey Smith and pass-rusher Pernell McPhee are both set to sign with other teams after Baltimore could not match what the duo are getting on the open market.

For McPhee, he's reportedly cashing in on a four-year, $40 million deal from the Chicago Bears, ESPN reports. McPhee has developed into a solid pass-rusher for Baltimore's defense, racking up 7.5 sacks this past year while coming off the bench. Playing behind Pro Bowlers Terrell Suggs and Elvis Dumervil limited McPhee's production, and now he's getting a starting role in Chicago's defense, while also collecting a big payday.

As for Smith, he's not agreed to terms with another team yet, but the offers he's apparently gotten have led him to realize his time in Baltimore is over. The Ravens simply don't have the cap space to match an offer for him, and that led Smith to create a post on Sunday night stating that he is leaving Baltimore.

Although I may no longer be a member of the Baltimore Ravens, at heart, I will always be a Raven.

What we accomplished together is timeless. I will be playing for a different organization, but I will remain committed to the City of Baltimore.

There are reports that the 49ers could be emerging as the favorite for Smith, but so far, nothing has been agreed to.

In four seasons with the Ravens, Smith caught 213 passes for 3,591 yards (16.9 avg.) and a franchise-record 30 touchdowns. He finished this past season with 49 catches for 767 yards (15.7 avg.) and a career-high 11 scores.

Not having Smith next year will leave Baltimore without their best guy at stretching the field and opening up underneath routes for other guys.

As for running back Justin Forsett, he too could be departing Baltimore this offseason, per Aaron Wilson of The Baltimore Sun:

The free agent has maintained a strong desire to rejoin the Ravens and the feeling is mutual. However, sources said Forsett is also drawing interest from the Atlanta Falcons, Washington Redskins and Indianapolis Colts. Forsett is expected to explore his options.

Forsett finished fifth in the NFL in rushing yards with 1,266 yards and was a big reason why Baltimore improved from 30th in rushing offense in 2013 to eighth this past year. He was also a viable pass-catcher with 44 catches for 263 yards. Forsett averaged 103 total yards over the final seven regular-season games, to help carry Baltimore into the postseason.