The trade can not be processed until the new NFL league year begins on March 13, but the teams have reportedly agreed on the terms of the deal, Schefter says.
Flacco was cleared later in the year, but the Ravens chose to start rookie quarterback Lamar Jackson.
Flacco is 96-67 as a regular-season starter and before his injury after nine games in 2018, had started all 16 games in nine of his first 10 years.
Without needing to use a first-round pick on a quarterback, the Broncos will likely address one of their other positions of need. He's a career 61.7 percent passer with a 1.56 touchdown to interception ratio. Case Keenum finished the season ranked 21st in yards per game (243.1), 23rd in passing touchdowns (18), and tied for second in picks (15).
Apex Legends hits 25 millions players, Respawn teases new content and balancing
It reached more than 1 million players in under eight hours and hit 10 million in less than 72. A new report from the folks over Dextero gives us some actual numbers to look at.
This move will help the Ravens save 10.5 million dollars in cap space and now Joe has found a new team that will give him another chance to be a teams starting QB. According to Over The Cap, Flacco has a cap number of $26.5 million this year, $28.25 next year and $24.25 in 2021. To bring it full circle, Denver's current offensive coordinator, Rich Scangarello, spent the last two years as Shanahan's quarterbacks coach in San Francisco.
Hip and back injuries were concerns for Flacco in recent seasons. Sure, it lessens the likelihood the Broncos use their first-round pick on a quarterback. He also went on to say that he doesn't feel like this year's draft is "rich of young quarterbacks".
Denver knows what they're getting with Flacco, a low-risk veteran option that can offer consistency and leadership from under center. Elway has selected a quarterback in five of the last seven NFL Drafts, and those five players have made a combined 39 starts and delivered 19 wins.
In his National Football League career, Flacco has thrown for more than 38,000 yards and 212 touchdowns.