Broncos Won’t Re-Work Joe Flacco’s Contract

The Broncos do not intend to re-work Joe Flacco‘s contract after agreeing to acquire him from the Ravens earlier today, according to Mike Klis of 9News (Twitter link).

Flacco, 34, is under contract in each of the next three seasons at base salaries of $18.5MM, $20.25MM, and $24.25MM. None of those salaries are guaranteed, and Denver isn’t responsible for any of Flacco’s prorated signing bonus money. That total — $16MM — will now result in dead money on Baltimore’s salary cap.

The Broncos are now heavily invested at the quarterback position: as Jason Fitzgerald of Over the Cap tweets, Denver will rank second in cash spent on signal-callers and sixth in cap charges, assuming the club cuts 2018 starter Case Keenum and thus incurs $7MM in dead money. However, the Broncos should get a cap credit when/if Keenum signs elsewhere thanks to the offset language in his contract.

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