Broncos working on trading Keenum to Redskins, per report

Mar 7, 2019, 3:29 PM Updated: 5:30 pm

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Case Keenum is on his way out of Denver almost a year removed from signing a two-year deal with the Broncos.

First reported by NFL Network Insider Ian Rapoport, the Broncos are working on a trade that would land Keenum with the Washington Redskins.

Denver and Washington will reportedly swap 2020 draft picks as well, with the Broncos receiving a sixth-round pick and the Redskins a seventh-rounder.

As part of the deal, Denver will pay Keenum a $500,000 contract restructuring bonus and will pick up half of the quarterback’s $7 million in guaranteed for 2019.

Much like the deal conceived in mid-February that will bring Baltimore Ravens quarterback Joe Flacco to Denver, this trade will not become official until the start of the NFL’s new league year on March 13.

The transaction serves as a likely win-win for all parties involved. Denver gains an additional $3 million in salary cap space, Keenum gets the opportunity to start fresh after a down 2018 season, and Washington receives another option at quarterback with Alex Smith expected to miss the entire 2019 season after suffering a broken tibia and fibula in November.

Following a career-year with the Minnesota Vikings in 2017, Keenum signed a two-year contract with Denver this past offseason worth $36 million, $25 million of which was guaranteed.

However, Keenum regressed in his first, and only, season with the Broncos, leading the team to a 6-10 record and the first back-to-back losing seasons for the club since 1972.

While compiling a career-high 3,890 passes, Keenum completed just 62.3 percent of his passes to go with 18 touchdowns, 15 interceptions, and a passer rating of 81.2.

This is a developing story. Check back to 1043TheFan.com or tune in to 104.3 The Fan for updates as they become available. Associated Press reporting contributed to this article.

Follow digital content producer Johnny Hart on Twitter: @JohnnyHart7.