The deal comes just a couple of days before the deadline for NFL teams to use the franchise tag, which Pitta very likely would have been slapped with had a deal not been reached.
Signing Pitta to a long-term contract helps the team to move on and try to lock up left tackle Eugene Monroe. It also assures quarterback Joe Flacco that his favorite security blanket will be with him for the next several years.
The Ravens must think a lot of Pitta, who is coming off of a serious injury and really hasn't shown himself to be one of the top tight ends in the league outside of a strong playoff run in 2013.
He bounced back well from his injury last year, and the team is certainly expecting more out of him going forward.
The Ravens really struggled to move the chains and score in the red zone last year, two areas where Pitta should thrive.
It will be interesting to see how, if at all, this impacts the Ravens in the NFL Draft. A lot of mock drafts have the Ravens taking North Carolina tight end Eric Ebron, and it's highly unlikely that Ed Dickson is brought back.