Should the Ravens have waited to trade Joe Flacco?

Should the Ravens have waited to trade Joe Flacco?

Staring at what's largely perceived to be an anything-but-elite QB draft crop, with a screaming need at the position, John Elway, naturally, has made a decision to trade for Joe Flacco. Releasing Keenum from the second year of his $36 million, two year deal would mean they'd owe him $7 million and save $11 million.

The Baltimore Ravens have an agreement in principle to trade former Super Bowl MVP Joe Flacco to the Denver Broncos, league sources told ESPN on Wednesday.

Flacco was voted the MVP of Super Bowl XLVII in 2012. Through that stretch of the postseason, Flacco was nothing short of deadly on his deep passes, as he completed 15 of 31 attempts for 522 yards and a passer rating of 134.1 - marks that he's failed to replicate since, postseason or otherwise. NFL.com's Ian Rapoport reports that the Broncos will send a "mid-round pick" to Baltimore, further reports suggest that will be a fourth-rounder.

Flacco lost the starting job in Baltimore to Lamar Jackson, the 32nd pick in last year's draft.

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Keenum, who has consistently talked of his hope of being the Broncos' starter long-term, carries a salary-cap charge of $21 million if he's on the roster for the coming season and actually would have a bigger cap charge than Flacco's $18.5 million.

Essentially, the Broncos have Flacco under control for three years at (mercifully) significantly less than current market value for starting quarterbacks. The trade can not be made official until the National Football League year begins on March 13, he says. In 2020, the cap number climbs to $28.250 million, though it would be just $8 million in cap hit if he were to be released. The Broncos will carry $10 million in dead money if they cut him. The Ravens were 4-5 under Flacco before Jackson led them on a 6-1 tear to earn a playoff appearance. The Broncos hold a top-10 pick.

How much of an upgrade will Flacco be over Keenum for the Broncos?

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