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Mythbusting Joe Flacco’s contract

Back in September, Denver made an accounting move to clear up some cap space that raised some eyebrows around Broncos Country.

Since that move, where Denver restructured Joe Flacco’s contract, there has been a lot of misinformation and general hand-wringing over what this means for Denver’s cap situation and what it means for their commitment to Joe Flacco.

Given it was announced that Flacco will be placed on IR today, ending his season, and very likely his short-lived career in Denver, I want to set the record straight on what this means for the cap situation.