Teams can not comment on any trade deals or terms until the start of the new NFL league year on March 13.
The Ravens are ready to turn their franchise over to 2018 first-round pick Lamar Jackson, and the Broncos obviously feel that Case Keenum can not take them where they want to go. He has three years and $63 million remaining on his contract.More news: The surprising royal who came to the defence of Meghan Markle
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Longtime Baltimore quarterback Joe Flacco will be a Raven nevermore. He finished last season with 2,465 yards, 12 touchdowns and six interceptions. 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). Also, the salary-cap savings if Keenum is released ($11 million) and the "dead money" hit - salary-cap charge for a player no longer on the roster - of $10 million are roughly the same. The Ravens will absorb a $16 million cap penalty for trading Flacco. Keenum regressed significantly in 2018, however, and it became clear that the Broncos needed to prioritize landing a quarterback of the future in the offseason.
On Wednesday ESPN reported that Joe Flacco will end up with the Denver Broncos come March 13. So, if Flacco doesn't play up to expectations this upcoming season-and there's a high likelihood of that-the Broncos can release him with relatively minimal penalty. But after winning the Super Bowl MVP in 2012, Flacco's numbers have dropped off significantly. The most likely option would be Jackson's third-stringer (and sometimes backup) in 2018, Robert Griffin III-Jeff Zrebiec of the Athletic reported mutual interest in a reunion back in early January.
Now, say Elway decides to select a quarterback with the Broncos' 10-overall pick. While Denver general manager John Elway could wade into quarterback waters to find Flacco's eventual replacement, that doesn't jibe with his mindset.