The trade can not officially be processed until the new league year begins March 13. While he was out, the Ravens turned to rookie quarterback Lamar Jackson, who led the team to a 6-1 stretch run that earned them the AFC North Division title and a home playoff game against the Los Angeles Chargers. The team was 3-5 at the time. Ian Rapoport of the NFL Network reported that Denver will send a mid-round draft pick to the Ravens in return for Flacco.
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. Flacco has three years remaining on his contract with cap hits of $26.5 million, $28.3 million and $24.3 million.
He was a first-round pick of the Ravens in 2008. The Broncos signed Case Keenum as a free agent last offseason but apparently are prepared to move on from him as the starter and hand the job to Flacco. He has completed 61.7% of his passes for 38,245 yards and 212 touchdowns but his production has dropped off in recent years.