Ravens agree to trade Joe Flacco to Broncos

Ravens agree to trade Joe Flacco to Broncos

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

The Broncos have an agreement in principle to trade for Baltimore Ravens quarterback Joe Flacco, ESPN reported Wednesday.

The trade won't be processed for another month as the NFL league year begins March 13. Schefter noted that, because of this, teams are now prohibited from commenting on the terms of the deal.

That means Baltimore will have an estimated $31.999 million in available cap space for 2019 given current salary cap projection of $190 million. 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.

The 34-year-old was the MVP when he led the Ravens to victory in 2013's Super Bowl XLVII. Adding insult to injury, Darren Rovell reports the Ravens paid Flacco $73 million for those 51 games in which he won just 47 percent of his starts.

The deal, while perplexing on the surface, will create a ripple effect in Denver. His contract carries cap hits of $18.50 million for 2019, $20.25 million in 2020 and $24.25 million in 2021. Since then, Denver has drafted Brock Osweiler (2012 second round), Paxton Lynch (2016 first round) and three seventh-round picks, per SB Nation.