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The Joe Flacco era in Baltimore is officially over. The Ravens have traded their former Super Bowl MVP to the Denver Broncos according to ESPN’s Adam Schefter. The trade cannot be officially processed until the new NFL league year begins March 13. The teams are prohibited from commenting on the deal or the terms surrounding it. When the deal is completed, it likely will be for a mid-round pick, sources told ESPN.

Denver was in the market for a quarterback and Broncos’ President of operations John Elway, wanted to go with a familiar formula that won the team a Super Bowl three years ago. Flacco will come in and bring stability to the offense and new Broncos coach Vic Fangio was a defensive assistant on the Ravens’ staff during Flacco’s first two years (2008-09) with the team.

Flacco went 4-5 in nine starts for the Ravens last season before he was forced out of the lineup with a hip injury. That paved the way for rookie quarterback Lamar Jackson to take over, and the 32nd overall pick made the most of his opportunity.

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Jackson went 6-1 as a starter and led the Ravens to the AFC North Divisional crown with a 10-6 record.

In his career, Flacco has posted seven seasons with at least 3,600 passing yards and six seasons with at least 20 passing touchdowns. He’s never been a Pro Bowler but the Ravens posted a 96-67 record with him under center. Despite recent hip and back problems, Flacco is still relatively healthy and can make all the throws from anywhere on the field.