The Baltimore Ravens have agreed to trade former Super Bowl MVP Joe Flacco to the Denver Broncos, per a report by Adam Schefter.

Breaking: Baltimore has agreement in principle to trade former Super Bowl MVP Joe Flacco to the Broncos, league sources told ESPN.



Trade cannot be processed until new NFL league year begins Wednesday, March 13. Teams prohibited from commenting on deal or terms surrounding it. — Adam Schefter (@AdamSchefter) February 13, 2019

The trade won’t be processed for another month as the NFL league year begins March 13. Teams are not allowed to comment on a deal or the terms surrounding it, per Schefter. He reported when completed, the Ravens will likely get a mid-round pick.

Flacco lost the starting job in Baltimore to Lamar Jackson, the 32nd pick in last year’s draft. Denver had Case Keenum under center in 2018.

Ravens all-in on Jackson

Jackson got his first start in week 11 and led the Ravens to a 6-1 record down the stretch, finishing 10-6 in the regular season with an AFC North title and the 23-17 wild card loss to the Los Angeles Chargers.

The former Heisman Trophy winner threw for 1,201 yards on 99 attempts for six touchdowns and three interceptions

It left Flacco on the bench and talk of Jackson taking the reigns for a team in a division made tougher by the Cleveland Browns solid year.

Per Schefter, the deal will save the Ravens $10.5 million in cap space.

Broncos trying to find answers

Keenum signed during last off-season and General Manager John Elway called it a “short-term fix” as the Broncos (6-10) try to find their way back in the AFC West.

Flacco, 34, won the Super Bowl MVP after the 2012 season, when he threw for 3,817 yards with 22 touchdowns. But he hasn’t shown “elite” of late. In his last four seasons as starter he went 24-27 after a 72-40 mark in his first seven.

Schefter reported the Broncos were quick to move on Flacco with so many other quarterbacks expected to switch teams and fellow teams in need. Per the report:

The demand at the position is one reason Denver pounced out of the gate on Flacco. The Broncos began to study him during Super Bowl week, sources told ESPN, and agreed to a deal before the combine.

They began talks Monday and finalized Wednesday.