In all honesty, I see what the front office is doing and it's not a bad idea. They are basically doing the same thing Pittsburgh did, but opposite. The Steelers kept throwing talent on the offensive side while ignoring the defense. Now they are paying those players to retain them while focusing on defense. It lead to an AFC Championship appearance and three straight years of playoff appearances after missing two in a row (2012 and 2013).
The Ravens have focused on defense, likely to combat that Steelers offense (which, if we're being honest, they've done better than most teams). As of now, the only defensive starters we have over the age of 28 are Weddle (32) and Carr (30). Possibly McClellan depending on who's the "starter" next to Mosely as of March 21st, 2017. The only backups over 28 is Levine (29). That's 4 total defensive players over the age of 28. They've built a young defense that can spend the next few years contending with, and limiting, those top AFC offenses like Pittsburgh, New England, and Oakland.
Now, they can focus on offensive youth in the draft and add more going forward in free agency. And if they are really focused on regaining a power run game, then having the type of defense they just built could have this team once again looking like the 08 Ravens, but with a more a better and more experienced version of the rookie QB who made it to the Championship round on the back of the defense and run game.
The more I've thought about it, the more I'll be surprised if WR is NOT the pick at 16. Maybe if all 3 are taken before hand. Davis has ridiculous potential, Williams is already pro-ready and could be a dominant intermediate threat, and Ross is looking like a less feisty and younger Steve Smith Sr. If all three are gone, I'd expect an edge rusher to round out the defense and a WR in the second (Zay Jones).
Sorry for the long post but, to me, it looks like the front office is building something that's slowly coming to fruition. It'll come down to the finalized o-line imo