I doubt the Ravens traded a 4th and 5th round pick to Jacksonville to get Monroe for 12 +- games in the 2013 season and then let him leave via free agency. They will do whatever they need to do to resign him. The bigger question is why didn't Miami trade for Monroe last year instead of trading a 6th round pick for McKinnie.
I agree that the Ravens will do everything they can to hopefully not let him go, but I don't know how cash strapped they are, or whether they anticipated they could face this problem?
Monroe is in the driver's seat on this one. If Graham and Hardy get locked up then he is the biggest name on the market. He's potenially setting himself up for two major paydays - now and maybe 4 years from now.
Ross has a bigger checkbook, wants big names and the agents are well aware of it.