The Broncos expected signing of Case Keenum has a major ripple effect on the early portion of the 2018 NFL Draft, especially pertaining to the super-hyped quarterback prospects and the teams lining up to select them.
Keenum has been allowed to hit the open market by the Vikings despite leading them to the NFC championship game last season.
ESPN's Adam Schefter was the first to break the news late Monday night.
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The Broncos likely won't take a quarterback when they pick at No. 5 in next month's draft. His signing can not be made official until the new league year opens at 9pm GMT on Wednesday.
Former Broncos coach and current front office consultant Gary Kubiak coached Keenum when he was with the Texans.
That would leave the Vikings, Cardinals and Jets vying to land ex-Washington Redskins quarterback Kirk Cousins, who is expected to sign a record-breaking contract this week.
Broncos president of football operations/general manager John Elway had made finding a long-term solution at quarterback the priority of the offseason after the Broncos limped to a 5-11 finish in 2017 with an offense that finished the year tied for 26th in scoring.
Keenum went 11-3 with 3,547 yards passing, 22 touchdowns and seven interceptions and threw that last-second heave to Stephon Diggs to stun the New Orleans Saints 29-24 in the playoffs.
"Even with Peyton, we weren't a for-sure thing with Peyton, " Elway said.
"I still think we're not too far away, " Elway said.
"There were some things we should have done differently that we didn't do".
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