The decision to trade Flacco shows the team's commitment to quarterback Lamar Jackson who was the team's first round pick previous year. Overall, in his 11 years as a starter with the Ravens, the team compiled a 96-67 record while Flacco threw for over 38,000 yards and 212 touchdowns.
Flacco is likely to replace Case Keenum as the Broncos' starting quarterback.
The trade is rumored to be Flacco in exchange for a "mid-round pick" - details of which will be revealed in the near future.
It's possible this trade doesn't impact Green Bay's draft, but with quarterback no longer a need for Denver, it could result in one of Brian Gutekunst's top targets no longer being available at No. 12. The trade can't be made official until the beginning of the new league year on March 13.
Flacco has no more guaranteed cash remaining on his contract but, if Denver doesn't try to get him to renegotiate, his current deal carries cap hits of $18.5 million for 2019, $20.25 million in 2020 and $24.25 million in 2021.
So, don't rule out a possible 49ers-Broncos trade between now and day one of the NFL Draft. We'll know for sure in just a few short weeks. However, the Eagles' cap situation is a complicating factor, and franchising a quarterback is expensive. Along with Washington and NY, the Jaguars and the Dolphins-should they move on from Ryan Tannehill-are on the list of teams that need a quarterback. None have the potential to be franchise guys, but with Tua Tagovailoa and Justin Herbert slated to enter the draft in 2020, perhaps a short-term deal is the right play for a team like NY, which can live with one more year from Eli Manning. The Ravens were 4-5 under Flacco before Jackson led them on a 6-1 tear to earn a playoff appearance. But after winning the Super Bowl MVP in 2012, Flacco's numbers have dropped off significantly.