Broncos Agree To Acquire Joe Flacco From Ravens

Tanya Simon
February 13, 2019

ESPN said the trade can not take place until March 13 when the new NFL league year begins. Teams prohibited from commenting on deal or terms surrounding it.

The agreement means that Baltimore is officially committing to Lamar Jackson as their quarterback.

The move frees up $10.5 million in cap space for 2019. He is to be paid $18.5 million next season, $20.25 million in 2020 and $24.25 million in 2021.

Flacco led the Ravens to the Super Bowl in 2013 and was the Super Bowl XLVII MVP. The Broncos will carry $10 million in dead money if they cut him. The Jacksonville Jaguars, Washington Redskins and Miami Dolphins are among the teams expected to add new quarterbacks. The Broncos began to study him during Super Bowl week, sources told ESPN, and agreed to a deal before the combine.

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Flacco, 34, was injured during the 2018 season with Baltimore after nine games (which included a 27-14 win over the Broncos in Week 3).

If Flacco winds up as the Broncos starter in the fall, he would be the fifth starting quarterback for Denver since Peyton Manning retired. A trade is similar to cutting a player in that it pushes all the prorated bonus money normally spread out over the life of a contract to right now.

He was a first-round pick of the Ravens in 2008.

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