The NFL world has been awakened this morning by the news of the Baltimore Ravens' reported trade of Joe Flacco to the Denver Broncos. Flacco had been with Baltimore since being drafted in 2008.
Details are still coming in on the trade. It makes it clear that the Ravens are all-in on Lamar Jackson, while the Broncos have officially transitioned away from Case Keenum.
According to NFL Network's Ian Rapoport, Baltimore is receiving a mid-round pick for Flacco. The trade can't become official until March 13, which is the start of the new league year.
The exact round of the pick being sent back hasn't been confirmed, but Mike Klis of the Denver Post theorizes that it will be a fourth-rounder.
Denver has an extra fourth-round pick thanks to its midseason trade of Demaryius Thomas to the Houston Texans.
Flacco's current contract runs through the next three seasons, though there has been some speculation that he will have to restructure his deal in Denver.
It seems unlikely that Denver views Flacco as a long-term answer, especially not at these prices.
The Broncos own the No. 10 pick in April's NFL Draft. The team is reportedly "smitten" with Missouri signal caller Drew Lock, so they could still select a QB in the first round even after acquiring Flacco.