Note: These are just an opinion on what I think will happen this offseason given prior offseasons and what the Ravens needs are.
Players being released: Jarrett Johnson, Cory Redding, Dominique Foxworth, and either Nakamura or Zbikowski, Ellerbe, and Carr may be released or have his contract restructured. He's making way too much for his spot on the depth chart.
Why? Well the Ravens need to make room to re-sign Flacco, Rice, attempt to get Grubbs back & Webb.
Toss up: Grubbs, when he said "I'll trust my agent to do whats best" sounds like he's looking for $$ I see the Ravens offering him a decent contract and hopefully he takes it in regards to winning Super Bowls (yes plural) rather than money on a crap team. Also with Birk coming back or Gurode coming in for C.
Possible restructured contracts- Lee Evans, Ricky Williams, Chris Carr, Bryant McKinnie. The Ravens could use every penny with trying to get Flacco, Rice and Grubbs back.
Resigns: Flacco, Rice (franchise tag?), Webb, McClain, Brandon McKinney, Ayanbadejo, Cary Williams. (Hopefully Grubbs :D), Kindle, Danny Gorrer, Morgan Cox.
Draft GUESS: Vontaze Burfict- the ideal situation is he comes in with Ray Lewis still playing so that he has a full season under Ray Lewis's wing before being unleashed. I believe this because it doesn't get much sweeter than that and I don't see our FO passing up on that opportunity, then they will address the OL problem via free agency/draft (In Ozzie we trust).
Young studs to not forget about- Kruger, McPhee, McAdoo, & Jah Reid (I also could see him starting next season if they don't bring back Bryant McKinnie.)
Also, signing Rice to a long term deal would significantly help free up more cap room allowing the organization to make better offers to players. Steve Bisciotti said "Flacco and Rice will be part of this team next year guaranteed" So its a matter of if both sides can come to agreement before March 5th so they don't have to use the franchise tag.
I could be horribly wrong for this whole thing however based on what I've read and seen this is my educated guess for the Ravens this offseason. Thoughts?