Broncos have agreement to trade for Ravens quarterback Joe Flacco

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He helped the Ravens to a Super Bowl XLVII win over San Francisco.

Quarterback Joe Flacco #5 of the Baltimore Ravens celebrates after scoring a first quarter touchdown during a game against the Cleveland Browns at M&T Bank Stadium on October 11, 2015 in Baltimore, Maryland.

But it seems like general manager John Elway and Fangio must feel that this is a risk worth taking.

The trade can't officially go through until the league's new year opens on March 13, and the two teams can't comment on the deal until that date.

There are a lot of questions to be answered now that this news is out there. What happens with Case Keenum?

The Ravens drafted Flacco with the 18th-overall pick in the first round of the 2008 NFL Draft. Additionally, the Ravens will receive $10.5 million in cap relief, while the Broncos will absorb Flacco's $18.5 million cap charge next season but could wipe the contract off the books thereafter.

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Wednesday, Adam Schefter reported the Ravens and Broncos have agreed to terms on a trade involving the former Super Bowl MVP.

The trade is rumored to be Flacco in exchange for a "mid-round pick" - details of which will be revealed in the near future.

This is a team that has used four different starting quarterbacks over the last two seasons, has missed the playoffs for the last three seasons and still has no QB prospect whom it drafted on the roster. He is to be paid $18.5 million next season, $20.25 million in 2020 and $24.25 million in 2021. The Ravens must carry Flacco's $26.5 million cap hit until June 1, per the NFL Network. If Murray's lack of height and Lock's numbers against quality SEC opponents don't scare teams off in the early going, we could well see a trio of quarterbacks go in the initial half of the first round, leaving one of the teams mentioned above holding the proverbial bag.

In short, Flacco's arrival, just like Keenum's a year ago, is not a long-term solution for the Broncos.

Flacco lost his starting job last season to then-rookie Lamar Jackson, making him an expendable commodity.