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49ers sign Torrey Smith away from Ravens; Broncos nab Owen Daniels

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The Ravens are easily one of the biggest losers in the early stages of NFL free agency.

Evan Habeeb-USA TODAY Sports

The Baltimore Ravens' offseason overhaul continues, and it involves another key veteran leaving for more money elsewhere.

Wide receiver Torrey Smith has agreed to a five-year deal with the San Francisco 49ers, according to ESPN. The move will leave Baltimore without their best guy at stretching the field and opening up underneath routes for other guys.

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. He'll stretch the field and opens up the running game for the 49ers in the same way he did this past season for Baltimore.

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 was leaving Baltimore. Smith joins Ngata as key Ravens to leave Baltimore today.

They've also lost starting tight end Owen Daniels after he signed a three-year deal with the Denver Broncos. After the Ravens lost Dennis Pitta to a season-ending and potentially career-ending hip injury, Daniels stepped in and became the full-time starter for the final 16 games, including the playoffs. He went on to catch 56 passes for 638 yards and five scores while helping Baltimore advance to the divisional round.

The Ravens are easily one of the big losers in the early stages of free agency.