The decision to trade Flacco shows the team's commitment to quarterback Lamar Jackson who was the team's first round pick previous year.
The Broncos will pick up Flacco's $18.5 million base salary for next season.
This is what John Elway the general manager does in his seemingly endless search to find the Denver Broncos a starting quarterback: He just keeps swinging. He threw for 2,465 yards, 12 touchdowns and six interceptions while completing 61.2 percent of his passes. The Broncos will carry $10 million in dead money if they cut him.
Manning was flawless for the Broncos - but Elway hasn't been able to find a reliable replacement over the last four seasons.
Per OverTheCap.com, Flacco has a $26.5 million cap obligation for the 2019 season, and a $16 million cap hit were he to be released.
Case Keenum - the Broncos' starter in 2018 - and Kevin Hogan both remain on the Broncos' roster.
Flacco led the Ravens to the Super Bowl in 2013 and was the Super Bowl XLVII MVP.
The report of Flacco getting moved comes via Adam Schefter of ESPN, who pointed out that the deal can not become official for another month.
There are multiple ways for Denver to get out of Flacco's deal down the line. For Washington, they'll have to determine what options they have after announcing that Alex Smith would miss the entire 2019 season with a leg injury.
However, Flacco showed up when it counted the most during that 2012 season, and he offered up the best stretch of his career during those 2012 playoffs.