BALTIMORE, M.D. -- Former Carolina Panthers wide receiver Steve Smith has agreed to a three-year deal with the Baltimore Ravens. 

Sources say the deal is worth $10.5 million and includes a $3.5 million signing bonus.

The Panthers released the 13-year veteran from the team Thursday.  Smith leads the Panthers with the most receptions.  His totals are 836 catches, 12,197 yards and 75 touchdowns. 

The Panthers will play the Ravens in the 2014 season in Baltimore. 

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