Update (03/09/13): Mike Preston of The Baltimore Sun tried to shed some light on the Ellerbe situation Saturday.
According to Preston, Ellerbe is believed to be seeking a contract that pays in the $6 million range annually, while the team is reportedly set to offer about $5 million a season.
That's a not a huge gap, but a gap nonetheless, and Preston also points out that the Cleveland Browns have "privately" shown some interest in Ellerbe as well.
Update (03/09/13): Apparently Dannell Ellerbe's camp is still waiting on that "significant" offer.
Jim Corbett of USA Today reported Saturday that Ellerbe has yet to receive any offer from from the Ravens, with Ellerbe's agent stating that "there's nothing to report right now,'
Ellerbe's agent, Hadley Englehard, said that "I expect things to pick up at the beginning of the week as we approach Tuesday.", but he also mentioned that "several'' other teams have called to express interest in Ellerbe.
With Ray Lewis retiring the Super Bowl champions have a hole at inside linebacker.
The Baltimore Ravens have an in-house candidate waiting in the wings, but first they have to re-sign him.
According to Aaron Wilson of The Baltimore Sun, the Ravens are preparing to make a "significant" offer to free agent linebacker Dannell Ellerbe.
For Ellerbe's part he would reportedly like to remain in Baltimore, at least according to Wilson.
“There's always a chance, and that's what I'm hoping will happen,” Ellerbe said. “The Ravens are a perfect situation for me. Hopefully, it's a perfect situation for me to sign on the dotted line.”