Bailey intercepted five passes last season and had 61 tackles, 6.5 for losses.
The converted linebacker is drawing middle-round grades from draft analysts.
He was named second-team All-Pac-12 Conference.
Bailey ran the 40-yard dash in 4.6 seconds at the NFL scouting combine and bench pressed 225 pounds 14 times at his campus Pro Day workout.
At the combine, he had a 34-inch vertical leap.
He recorded 222 career tackles and 11 interceptions.
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Aaron Wilson covers the Ravens for The Baltimore Sun