Broncos have agreement to trade for Ravens quarterback Joe Flacco

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One running gag on social media is the question about whether Baltimore quarterback Joe Flacco is elite.

- The Baltimore Ravens are reportedly ready to trade former Super Bowl MVP quarterback Joe Flacco to the Denver Broncos.

ESPN said the trade can not take place until March 13 when the new NFL league year begins. Schefter noted that, because of this, teams are now prohibited from commenting on the terms of the deal. Flacco had $8 million in bonuses each for 2019 and 2020, which the Ravens will have to eat upon trading him. When the deal is completed, the Ravens will save $10.5 million in cap space.

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

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Flacco, 34, went 4-5 in nine starts for the Ravens last season before he was forced out of the lineup with a hip injury.

A month before the start of free agency and almost two months before the National Football League draft, the Denver Broncos believe they found their answer at quarterback. The Broncos began to study him during Super Bowl week, sources told ESPN, and agreed to a deal before the combine.

Regardless, it became clear after the season that Jackson is the team's quarterback moving forward which made Flacco an expendable piece.

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

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