Broncos considered Nick Foles being trading for Joe Flacco

Joe Flacco

Modal Trigger Joe Flacco Getty Images

Denver's Case Keenum era appears to be closed.

The Baltimore Ravens have agreed in principle to trade quarterback Joe Flacco to the Denver Broncos, league sources told ESPN's Adam Schefter.

The former Heisman Trophy victor threw for 1,201 yards on 99 attempts for six touchdowns and three interceptions. They had extra selections in the fourth and fifth rounds of the 2019 NFL Draft, and used a fourth-round pick (their own) to get Flacco from the Ravens.

The trade is rumored to be Flacco in exchange for a "mid-round pick" - details of which will be revealed in the near future. Additionally, the Ravens will receive $10.5 million in cap relief, while the Broncos will absorb Flacco's $18.5 million cap charge next season but could wipe the contract off the books thereafter. The trade can not be consummated until the NFL league year begins on March 13th.

After finishing last season with a record of 6-10, the Broncos are hoping this move brings them back into the promise land. The Broncos can try to trade Keenum, but with a $21 million total cap number and $7 million in guarantees for the upcoming season, that might make it hard to find trade partners. The Broncos would save $11 million if they cut him before June 1.

Regardless, it became clear after the season that Jackson is the team's quarterback moving forward which made Flacco an expendable piece.

However, Flacco showed up when it counted the most during that 2012 season, and he offered up the best stretch of his career during those 2012 playoffs. Flacco turned 34 last month and lost his starting job after an injury this past season, and despite Elway's continued resistance to saying he is rebuilding, the Broncos eventually have to have a plan that goes beyond the upcoming season at their most important position. Flacco has been extremely average in his National Football League career aside from one season in which he was the quarterback on the NFL's team of destiny, the 2012 Baltimore Ravens.

How much of an upgrade will Flacco be over Keenum for the Broncos?

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