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.
Ian Rapoport of the NFL Network reported the Broncos would send a midround pick for Flacco, 34, who was the No. 18 overall draft pick in 2008 and is due to make $18.5 million in 2019. Jackson struggled in that game and many Ravens fans were wondering why head coach John Harbaugh didn't re-insert Flacco as the starter in the second half. With another three years left on his deal, Flacco could be the answer to Denver's quarterback quandry. He led Baltimore to the playoffs six times and won Super Bowl XLVII over the 49ers. A year ago he threw for 12 touchdowns and six interceptions, completing 61 percent of his passes, in nine games. Additionally, Schefter notes that both teams are prohibited from commenting on the trade or terms surrounding it.