The Denver Broncos have agreed to trade quarterback Case Keenum to the Washington Redskins for a sixth-round pick in the 2020 draft. That according to sources confirmed to ESPN's Adam Schefter on Thursday. Washington will also get a 2020 seventh-rounder from Denver.

The 31-year-old Keenum, who was currently slated to count $21 million against the Broncos' salary cap for the 2019 season, has reworked his contract and will be on a one-year deal with the Redskins, sources told Schefter.

The Broncos signed Keenum to a two-year, $36 million deal in March 2018 to be their starting quarterback. Denver then went 6-10 in 2018, which led to the dismissal of head coach Vance Joseph and the hiring of Vic Fangio to replace him.

Keenum has a base salary of $18 million this season, but only $7 million was guaranteed in the way of offsets, which the Redskins and Broncos decided to split evenly, sources said. The Broncos, who would've carried $10 million in "dead money" had they cut Keenum, will instead save $3 million by paying only $3.5 million as well as a $500,000 restructuring bonus.

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