The Broncos informed Joe Flacco he is being waived with a "failed physical designation," according to ESPN's Adam Schefter.
Flacco is the latest former starting quarterback to enter free agency, along with Jameis Winston and Andy Dalton.
The Delaware product was traded from the Ravens to the Broncos in February 2019. Flacco struggled in his line season with Denver, going 2–6 in eight starts. Rookie Drew Lock logged five starts for Denver, and third-string quarterback Brandon Allen started three games.
Flacco is 98–73 in 171 career starts after 11 years in Baltimore and one in Denver.