Ravens exercise 2015 option on Jimmy Smith

AP

The Ravens have indeed exercised their right to keep cornerback Jimmy Smith under contract through 2015.

According to Field Yates of ESPN.com, the Ravens have picked up the fifth-year option on Smith, their 2011 first-round pick. Smith is now slated to make $6.898 million in 2015, according to Aaron Wilson of the Baltimore Sun.

In March, Ravens coach John Harbaugh indicated the team would be picking up Smith’s option.

The 25-year-old Smith started all 16 games for Baltimore in 2013, defending 15 passes, recording two interceptions and notching 58 tackles. The 6-foot-2, 200-pound Smith has ideal size for the position and seems likely to sign a lucrative multi-year contract at some point, given his skill and the demand for cornerbacks.

The Ravens took Smith 27th overall in 2011. They held the No. 26 pick, but time ran out on the pick after a trade with the Bears fell through. (Then-Bears G.M. Jerry Angelo took responsibility for the mishap.) The Chiefs, who had the 27th pick, took receiver Jonathan Baldwin at No. 26.