Ravens acquire and sign Anquan Boldin but pay “hefty draft price”

March 05, 2010 | Drew Forrester

Finally, it’s over.

After several off-seasons of trying – and a few near misses – the Ravens have themselves what many people in the NFL consider an “elite” wide receiver.

The Ravens have acquired Anquan Boldin from the Arizona Cardinals, but it took a late-day upping-of-the-ante for Baltimore to finally bring the talented pass catcher to Charm City.  Stymied by the Cardinals after meeting their initial asking price of a 3rd round pick, the Ravens agreed to throw in a 4th round selection if the deal would be consumated today and if Arizona would provide the Ravens with a 5th rounder in 2010.

That “got the job done”…as one source said to me around 5pm today.

Boldin’s new contract in Baltimore totals 4-years at $28 million.  There’s no word yet on how much up-front or guaranteed money is included in the deal.

The other good news for the Ravens is that Boldin is, according to my source, “perfectly fine” with the transaction and is looking forward to coming East and teaming up with Joe Flacco, Ray Rice and Michael Oher.

On the down side, the Ravens lose two fairly high picks in this April’s draft — and that is, as someone said to me today, “a hefty price to pay, no matter who the player is you get.”

My guess is that Baltimore will do some wheeling and dealing in the next couple of weeks to gain a 3rd and/or 4th round pick in the draft.

So there it is.  The long wait is over.

The Ravens have their man.