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Case Keenum contract is a pretty strong two-year deal

The Denver Broncos have strongly committed to Case Keenum for the next two years with a cap hit of $15M in 2018 and $21M in 2019.

NFC Championship - Minnesota Vikings v Philadelphia Eagles Photo by Patrick Smith/Getty Images

The contract details for Case Keenum have been released and the Denver Broncos made a strong commitment to Keenum in their two-year, $36 million offer.

The $6 million signing bonus means the Broncos will take a $15 million cap hit in 2018 and a bigger $21 million cap hit in 2019, but with the dead cap sitting at $10 million in 2019 it is unlikely the team will even consider moving on from Keenum before the end of his two-year deal.

The likelihood of the Broncos taking a quarterback in the 2018 NFL Draft is still high, but with the potential draft pick having two years to sit it could open some doors for a project quarterback like Josh Allen who would need some time to develop.

It will be interesting to see how the team proceeds with their draft plans.

Keenum is now the highest paid player on the team from a cap space standpoint, eating up 9.72% of total cap space. The move leaves the Broncos with $25.1 million in total cap space once you account for draft picks and restricted free agents. That number includes all of their free agent signings now, except for cornerback Tramaine Brock.

That leaves the Broncos with a big chunk of change for potential moves in free agency or even trades. John Elway may not be done quite just yet.