The acquisition of former Pro Bowl QB Marc Bulger via free agency from the St. Louis Rams is correctly being lauded as a strong move by Ravens GM Ozzie Newsome- the latest in a string of good moves by the "Wizard of Oz" this offseason.
However, it is extremely unlikely that the Ravens would carry 4 quarterbacks on their active roster this season. Obviously, Joe Flacco is safe: he's the starter. Similarly, Bulger is safe, as he wasn't signed to be cut. That leaves QBs John Beck and Troy Smith.
Two factors point to Smith leaving Baltimore: first, he's asked for a trade in the past- he correctly assumes that he'll be behind Flacco as long as he stays in Baltimore, and he understandably wants to play. Second, his trade value is likely higher (read: existent) relative to Beck.
Smith will probably be with the Ravens through training camp, but expect Smith to be dealt for a later round pick sometime during the preseason.
Here are the Top 10 places that Troy Smith could end up (provided that he is not kept in Baltimore and Beck is cut, which I think is a possibility).
There are five places that I think are likely trade destinations for Smith, and five other places where I think he could end up.