The report said that they would only do it after June the 1st for salary cap reasons, and that it would likely take a late 1st... Which is a shame because we have a late 1st going spare this year.
Yeah, but there's still one problem... Ravens can't afford it (at least not as-is).
Trade assets aside, he has a $15.3M salary for this year, which the trading team would absorb. The Ravens don't have anywhere close to enough cap space to take on a $15.3M player.
Now, they would also be taking on the full 3 years of his deal that is left, which includes $11.5M salaries in 2022 and 2023. In theory, they could restructure his deal to give him some bonus money this year and push the cap further, BUT, I think they'd have to go pretty low. Like they would need to shave at least $10M off his current cap number.
Couple this with the facts that a) we're almost certainly going to add a veteran RT via FA, which won't be that cheap most likely and b) we're still very much looking to add a veteran pass rusher in FA, I just don't see paths to this happening.
The only way it would happen is if the Ravens basically landed sufficient pass rush and OT help in the draft that they felt the only upgrade they needed was WR, and that would mean basically not getting a WR until at least day 3. And since you're not trading for Julio until June, you can't guarantee both will happen.
This seems like a very long shot to me. Not impossible, but there are a LOT of things that would have to go our way to make it happen. Precisely why I'm always hesitant when I read a national reporter like King speculating on this stuff. His basis is just "WR needy teams", which is fine, but it requires a lot more than that to make something happen. And I think if he looked at the financial situation and "needs" of this team, he probably wouldn't have included the Ravens on his list.