The Ravens have picked up Wallace's contract option for 2017.

After seeing former Raven and 49er Torrey Smith choose Philadelphia over Baltimore in free agency, retaining Wallace was a no-brainer, especially with the team having bid adieu to veteran pass catcher Steve Smith. Per the Baltimore Sun, Wallace's 2017 option is for $5.75 million. The 30-year-old is coming off his first season with the team, in which he caught 72 passes (on 117 targets) for 1,017 receiving yards and four TDs in 16 contests.

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