- Associated Press - Wednesday, March 13, 2013

Ready. Set. Spend!

The NFL’s free agent frenzy began Tuesday, with Mike Wallace, Paul Kruger and Dannell Ellerbe among the big names to switch teams for big paychecks.

Several other stars, including Nnamdi Asomugha, Ryan Fitzpatrick and Antoine Winfield, are looking for jobs after they were cut in cost-saving moves on a busy opening day of free agency.

The Baltimore Ravens are paying the price for winning a Super Bowl. The NFL champions lost two key components of their defense in Kruger and Ellerbe. On Monday, they traded star receiver Anquan Boldin, a key to their title run, to San Francisco _ the team the Ravens beat 34-31 to win the championship.

Kruger went north to division rival Cleveland for a five-year, $40 million deal, while Ellerbe headed south to Miami for $35 million over five years. Wallace, a former Steelers star receiver, joined Ellerbe in choosing the Dolphins.

“He has a unique skill set which we believe will be a welcome addition to our offense,” general manager Jeff Ireland said of Wallace in a statement.

Baltimore did sign free agent defensive end Chris Canty, who spent the previous four seasons with the New York Giants.

The 49ers didn’t go untouched, either. After giving up a sixth-round draft pick for Boldin, they saw tight end Delanie Walker leave for Tennessee.

San Francisco also confirmed the trade of backup quarterback Alex Smith to Kansas City, a deal that was known for weeks. The 49ers will receive the Chiefs’ second-round pick, 34th overall, in this year’s draft and a conditional pick in next year’s draft.

The 32-year-old Boldin expressed surprise that he was traded.

“I thought this was the last stop of my career but regardless of the circumstances I came here to win a Championship … and in February we came home Champions,” he said on Twitter.

Ellerbe also tweeted as he moved on to the Dolphins.

“Just wanna take time to THANK GOD for being in this position I’m in! Before I make da BIGGEST DECISION in my life I just wanna thank him!!!” Ellerbe said.

Kruger led the Ravens with nine sacks and added 2 1/2 in the playoffs and two in the Super Bowl. But he was too expensive for Baltimore to keep.

Wallace will give Miami the speedy receiver it has sought after getting just three touchdown catches from its wideouts last season. The Dolphins also re-signed free safety Chris Clemons to a one-year deal.

Story Continues →