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Broncos given fourth-highest odds of winning Foles sweepstakes

Until his situation is resolved — and that won’t happen for weeks — Nick Foles will continue being linked to the Mile High City.

On Wednesday, Vegas sportsbook BetDSI released their updated odds for Foles’ 2019 NFL team, ranking Denver (+400) fourth among five destinations. The Miami Dolphins (+200) are considered the favorite, followed by the Washington Redskins (+250) and Jacksonville Jaguars (+350). The Eagles (+500) are also among the field.

These odds echo, if indirectly, a recent report which claimed the Broncos “may consider” acquiring Foles this offseason. As does this list of speculative Foles suitors, released Tuesday by CBS Sports, which lists the Broncos as the No. 3 option — behind only Miami and Jacksonville.

The Broncos gave Case Keenum, Foles’ former teammate, $36 million a year ago. But it’s fair to wonder if John Elway won’t make sweeping changes (again), especially since Denver can get out of Keenum’s deal pretty easily. Foles has his career similarities to Keenum, another guy who’s flashed in small sample sizes, but Foles also won a Super Bowl, and there are few executives who love title-winning veteran QBs like Elway.

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Those in his orbit anticipate the Super Bowl 52 MVP quarterback departing Philadelphia, where he’s earned legend status, following coach Doug Pederson’s commitment to serially-injured Carson Wentz. He’ll become an unrestricted free agent with a massive market unless the Eagles exercise his $20 million option by Feb. 12 or slap the $25 million franchise tag on him.

Foles, 30, could fetch a first-round choice in a trade, or two first-rounders if signed while tagged, which would be too rich for the Broncos’ blood.

If they don’t fall in love with a particular draft-eligible prospect, like Missouri’s Drew Lock, Denver could opt for the experienced route, same as they did last year by signing Case Keenum and ignoring QB in the draft. This would take some creative maneuvering since Keenum counts $21 million against the salary cap for 2019, and linebacker Von Miller is on the books for $25.125 million. The Broncos are projected to wield more than $40 million in space at the start of free agency, though that number should rise as the club fine-tunes its roster.

Cutting Keenum, who’s entering a walk year, would free $11 million while leaving behind a $10 million dead money charge. He’s slated to make $18 million in base salary, only $7 million of which is guaranteed.

Earlier this month, Elway admitted that Keenum is “probably a short-term fix,” and the Broncos are searching for the “long-term guy” under center. Hence, they’ll first look for fresh blood before gravitating toward a greybeard. New Broncos head coach Vic Fangio, speaking in his introductory press conference, stated that Keenum is the starter “right now.”

Denver’s hiring of Rich Scangarello as offensive coordinator, after his effusively-praised work with young signal-callers, suggests applying another band-aid in Foles is a distinct (and costly) backup plan.



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