Keenum finalized a two-year, $36 million contract with the Broncos on Wednesday, Aaron Wilson of the Houston Chronicle reports. Coming off a shocking breakout season in Minnesota, Keenum joins another team with a potent wideout duo (Demaryius Thomas and Emmanuel Sanders) and a promising defense, though the move to Denver still represents an overall downgrade in his supporting cast. Keenum's signing doesn't preclude the Broncos from using an early draft pick on a quarterback in April, but it's safe to assume the 30-year-old will receive the Week 1 start. Denver still appears to need a tight end, a No. 3 receiver and a couple more starting-caliber offensive linemen.
Keenum intends to sign with Denver when free agency begins Wednesday, ESPN reports. It sounds like the Vikings are set to try and sign Kirk Cousins. Keenum will thus move to Denver. However, none of this is official and players could change their minds before signings can officially begin Wednesday. Keenum threw for 3,547 yards and 22 touchdowns in leading the Vikings to the NFC championship game.
Keenum could draw interest from the Broncos, Browns, Cardinals and Vikings, Mike Klis of 9News Denver reports. With the Vikings shaping up as the early favorites for Kirk Cousins, it won't come as any surprise if Keenum is forced to find a new team. In addition to the franchises mentioned above, the Jets and Bills figure to be in the market for quarterbacks. Keenum will be an unrestricted free agent when the new league year begins March 14.
The Vikings don't intend to use their franchise tag on Keenum before the March 6 deadline, allowing the quarterback to instead hit unrestricted free agency, Ian Rapoport of NFL Network reports. The franchise tag for quarterbacks is projected at around $23 million in 2018, so the Vikings weren't eager to pony up to keep Keenum at that price coming off just one season as a full-time starter, albeit an effective one. Minnesota's reluctance to use the tag on Keenum doesn't necessarily indicate the club isn't interested in retaining the 30-year-old, but he may rate as a fallback option at this point in the event the Vikings aren't able to ink the top quarterback available on the market in Kirk Cousins, who isn't expected to receive the franchise tag from Washington after the Redskins agreed earlier this offseason to acquire Alex Smith from the Chiefs.
Keenum completed 25 of 40 passes for 318 yards, one touchdown and one interception during Sunday's 29-24 NFC divisional-round victory over the Saints. Keenum marched the Vikings' offense up and down the field throughout the first two quarters of play, setting up both Latavius Murray and Jerick McKinnon for rushing touchdowns to put Minnesota up 17-0 at half. However, the Saints' defense tightened up thereafter and Keenum couldn't get much of anything going before hitting Stefon Diggs for a 61-yard, game-winning touchdown as time expired. While it wasn't a huge statistical outing for the quarterback -- especially since the bulk of his fantasy production came on the last play of regulation -- Keenum did just enough to advance his team to next weekend's NFC championship game against the top-seeded Eagles. DFS owners considering the 29-year-old quarterback should keep in mind that Philadelphia boasted one of the NFL's best defenses during the regular season, allowing just 3.8 yards per rush (sixth lowest) and 6.5 yards per pass attempt (third lowest).
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