Joe Flacco is headed to the Broncos in a trade that can become official March 13.
The two teams have reportedly agreed to the trade in principle, but the deal can not be processed until new NFL league year begins Wednesday, March 13.
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The move was somewhat anticipated as rookie quarterback Lamar Jackson filled in admirably for Flacco as the veteran dealt with injuries last season and seemingly sealed his status as the starter for Baltimore going forward. The team was 3-5 at the time. Baltimore will receive a mid-round pick in return, according to the NFL Network's Ian Rapoport. He spent 11 seasons with the Ravens and was the MVP of their Super Bowl triumph over the San Francisco 49ers to conclude the 2012 season.
Flacco has three years remaining on his existing deal, and will earn $18.5 million in base salary in 2019 unless he reworks his contract. They have struggled to find a reliable starter since the retirement of Peyton Manning in 2016.
The Ravens drafted the 34-year-old 18th overall in 2008. He has completed 61.7% of his passes for 38,245 yards and 212 touchdowns but his production has dropped off in recent years.