The Bucs will receive a 2015 fifth-round draft pick in exchange for Zuttah, per Rapoport.
The 27-year-old Zuttah had an uneven season with the Bucs in 2013. However, he has the versatility to play both guard and center along the Ravens' offensive line. He is expected to start at center in Baltimore.
"We said at the beginning of the offseason that we would be adding quality players to our line, and Jeremy fits that description," Newsome said in a team statement. "We are getting a player who has started at both center and guard and played well at each position. We're excited to have him as a Raven and believe he can play a significant role for us."
Along with the trade, Zuttah's contract has been adjusted to lower his previous salary cap figures of $4.5 million and $4.25 million in 2014 and 2015, respectively. The center will get a new long-term deal as part of the trade, Rapoport reported.
Given the compensation, reworked contract and clear upgrade at the position, it's a good grab for Newsome.