Report: Case Keenum to get two-year, $36 million deal with $25 million fully guaranteed

The Denver Broncos signed Case Keenum to a two-year contract worth $36 million. Of that, $25 million will be fully guaranteed with an extra $2 million in incentives. That’s quite a lucrative deal for a quarterback coming off a career year.

Meanwhile, the Broncos saved a good chunk of change by going with the Plan B over Kirk Cousins. Cousins is expected to sign with the Minnesota Vikings for a whopping three-year, $84 million deal that will undoubtedly be mostly guaranteed.

Keenum is an undrafted quarterback who played under Gary Kubiak with the Houston Texans his first two years in the NFL. He was a bit undersized and it took six seasons for the 30 year old to breakthrough and have a big year. He finished with a 68% completion percentage with the Minnesota Vikings for 3,547 yards with 22 touchdowns and just 7 interceptions.

The Broncos President of Football Operations/General Manager John Elway couldn’t be more happy to have some fresh blood in at the quarterback position heading into the offseason.

“Case is a great fit for us,” Elway said on Wednesday. “He’s coming off a tremendous season last year and has obviously been through a lot of situations throughout his entire career. Along with that experience, his leadership and competitiveness are what you look for in a quarterback. Case has fought and battled for everything that he’s earned in the NFL, and it’s exciting to add someone with that type of mentality to our team.”

Soon after the signing was formally announced, the Broncos traded Trevor Siemian to the Vikings for a 2019 fifth-round pick and sending a 2018 seventh-round pick back to Minnesota, thus turning the page at the starting quarterback position in Denver.