With 2 Â½ minutes left to decide what to do with the 26th overall pick, the Ravens thought they had a deal in place to trade that selection to the Chicago Bears.
In return, a team source tells me the Ravens were set to receive the Bears' 29th overall pick as well as Chicago's fourth-round selection, No. 127 overall.
In accordance with draft procedure, the Ravens called the trade in to the league office. Only problem was, the Bears never made the call as well.
The NFL needs confirmation from both teams for the trade to be official, and so, the Ravens did not have a done deal.
"There was an agreement made between the team and I," Ravens general manager Ozzie Newsome said in a press conference at the end of the first round. "I got on the phone with the National Football League, but the other team never got confirmation to the league."
By the time Newsome and those in the war room had figured that out, their time at No. 26 had expired, and the Chiefs had jumped ahead of them to select Pittsburgh wide receiver Jonathan Baldwin with the 26th pick.
The Ravens were able to get a hold on what had happened, and with the 27th pick, selected the guy that they were prepared to take at 26, Colorado cornerback Jimmy Smith.
"We spent a lot of time looking at Jimmy," director of player personnel Eric DeCosta said. "Very unique talent. We tried to find a guy like him for several years. He he's got great cover skills. He's a big kid, he matches up well.
"Sometimes you have to adjust on the fly. We were able to adjust particularly at the end with a difficult situation."
One final note on the whole trade snafu - I'm hearing the Ravens are not at all pleased with the Bears after this mess. They won't forget about this anytime soon.