The Denver Broncos have waived veteran quarterback Joe Flacco with a failed physical designation, according to a report from ESPN’s Adam Schefter.
Flacco had two years remaining on his contract so Denver will have to eat $13.6 million in “dead money” to move on from him, according to Spotrac.com. Flacco was scheduled to have a base salary of $20.25 million so the Broncos will have a net salary cap savings of $10.05 million in 2020 after cutting him.
Flacco entered the league as a first-round pick out of Delaware with the Baltimore Ravens in 2008. He spent the first 11 years of his career in Baltimore and won a Super Bowl before being traded to the Broncos last year.
Flacco was underwhelming in Denver, completing 65.3 percent of his passes for 1,822 yards with six touchdowns against five interceptions. He was sacked 26 times and lost three fumbles in eight games.
In his career, Flacco has thrown for 40,067 yards with 218 touchdown passes against 141 interceptions. He has also rushed for 831 yards and 16 scores. The Broncos plan to start Drew Lock this season. Jeff Driskel, who agreed to terms with Denver earlier this week, will serve as Lock’s backup.
