On the field, this trade means the Packers will play against Flacco when the Broncos visit Lambeau Field next season. The trade can not become official until March 13, so by league rules, the Broncos can not publicly talk about the move until then. Denver obviously felt it wasn't necessary to give him another year as their starter and that's why they made the trade for Flacco on Wednesday.
The Broncos will pick up Flacco's $18.5 million base salary for next season.
Compensation for the Ravens has yet to be determined, though a mid-round draft pick makes sense.
Flacco to Denver. Broncos general manager John Elway's latest attempt to solve his quarterbacking needs sure doesn't seem to suggest a long-term fix, particularly considering the 34-year-old Flacco hasn't posted a passer rating higher than 85.0 since 2014.
There will be plenty of debate over Flacco's legacy in Baltimore, but he did lead the team to a Super Bowl title in 2012 with one of the best four-game stretches of quarterbacking that we've seen in the playoffs.
In exchange for Flacco, the MVP of Super Bowl XLVII, the Broncos are giving up a 2019 fourth-round pick, according to a report from Sports Illustrated's Albert Breer.
Case Keenum is still under contract with the Broncos for the 2019 season.
Flacco has a connection to the revamped Denver coaching staff.
Keenum, 30, signed a two-year, $36 million deal before the 2018 season. He's a career 61.7 percent passer with a 1.56 touchdown to interception ratio.
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