Baltimore Ravens to trade Joe Flacco to Denver Broncos

Joe Flacco is headed to the Broncos in a trade that can become official March 13

Joe Flacco is headed to the Broncos in a trade that can become official March 13

The Ravens must carry Flacco's $26.5m cap hit until 1 June, per the NFL Network.

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.

ESPN said the trade can not take place until March 13 when the new NFL league year begins. Additionally, Schefter notes that both teams are prohibited from commenting on the trade or terms surrounding it.

NFL Media reports Denver will send a mid-round pick to Baltimore in exchange. Flacco is set to make $18 million in 2019.

The move frees up $10.5 million in cap space for 2019.

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Flacco lost his starting job in Baltimore this past season to rookie Lamar Jackson and the Ravens said they would consider trade offers for him this offseason.

Flacco, 34, is a former Super Bowl MVP, but he's largely underwhelmed since Baltimore's championship season in 2012. Flacco's quarterback rating hasn't risen above 90 since the 2014 season.

The Broncos signed Case Keenum to a two-year contract last year.

The deal, while perplexing on the surface, will create a ripple effect in Denver. He was drafted 18th overall by the Ravens in 2008 and held on to the starter's role until he was sidelined by injury in Week 9 of last season.

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