By trading Flacco, Baltimore will have $16 million on their dead cap for 2019.
ESPN's Adam Schefter says that the Ravens and Broncos have an agreement in principle, but that the trade can not be processed until the new NFL league year begins on March 13. The new league year does not officially begin until March 13, however, so the trade can not be finalized until that time. The team was 3-5 at the time.
Trade talks between Baltimore and Denver commenced Monday and culminated Wednesday morning, when the Broncos agreed to the deal for Flacco, the MVP of Super Bowl XLVII.
In March 2016, Flacco signed a three-year, $66.4m contract extension that runs through the 2021 season. The Broncos went 6-10 in the 2018 season and missed the playoffs.
First FROZEN II Teaser Trailer Is All Action, No Plot
The film was later adapted into a Broadway musical just previous year where it was nominated for three Tony awards. We'd like to say that the wait for the follow-up to Disney's record-breaking " Frozen " didn't bother us.
The move opens the door for the Broncos to possibly trade or release Case Keenum, whose performance last season as starting quarterback was viewed generally as a disappointment.
If Flacco winds up as the Broncos starter in the fall, he would be the fifth starting quarterback for Denver since Peyton Manning retired.
Flacco was drafted by the Ravens in 2008 and has played 11 seasons with the team. He has completed 61.7% of his passes for 38,245 yards and 212 touchdowns but his production has dropped off in recent years.