Wow Elway is ****ing dumb. Baltimore gets out of that deal scot free and the Broncos are stuck with arguably the worst QB in the league given his cap hit.
Specifics wise: Baltimore eats a 16 million dollar dead cap penalty this year but gets the rest of that monstrosity off their books. Denver will be paying upwards of 40 million for Flacco and Keenum assuming they don't find someone stupid to take that deal or just outright don't cut him.
I'm going to laugh if the Broncos had to give up any value.