Ravens agree to trade Flacco to Broncos

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The trade won't be finalized until March 13 at the earliest, when the new National Football League year officially starts. But aside from that one magical season, Flacco hasn't been much more than an average quarterback who lost his job to a rookie this past season. His contract carries cap hits of $18.50 million for 2019, $20.25 million in 2020 and $24.25 million in 2021. The quarterback situation in Denver will be one to monitor as it shapes up heading into the offseason, but you'd have to assume Keenum will at least begin the year as the starter.

When the Denver Broncos acquired Peyton Manning in 2012, it was seen as a major gamble. A year ago he threw for 12 touchdowns and six interceptions, completing 61 percent of his passes, in nine games. He has posted a passer rating of 84.2 or less in each of the past four seasons. The Ravens will absorb a $16 million cap penalty for trading Flacco. Meanwhile, the Broncos never got their 2018 quarterback, Case Keenum, to replicate the kind of efforts he enjoyed with the Minnesota Vikings the year before. It's likely the trade involves draft picks in some capacity, but Flacco's contract may not result in multiple picks being sent to the Ravens.

According to ESPN's Adam Schefter, the Ravens have reached an agreement in principle with the Broncos.

The demand at the position is one reason Denver pounced on Flacco.

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Hip and back injuries were concerns for Flacco in recent seasons.

Keenum, who turns 31 on Sunday, completed 62.3 percent of his passes for 3,890 yards, with 18 touchdowns and 15 interceptions.

But then again, it's important to note when it was reported in December that Flacco and the Ravens would part ways, Baltimore wanted to treat Flacco with class. That Elway clearly doesn't envision any potential plug-and-play candidates in the lot at No. 10 isn't stunning, but given his track record of acquiring QBs, it can be interpreted a few different ways.