Will the Broncos take a QB after acquiring Teddy Bridgewater?

The Denver Broncos acquired QB Teddy Bridgewater on Wednesday from the Carolina Panthers in exchange for a 6th round pick in the 2021 NFL Draft.

NFL Network’s Tom Pelissero broke the news:

This is interesting for a couple of reasons. First, the Broncos are drafting No. 9 and have been rumored to be in discussions to trade up to select a QB, perhaps at No. 7 overall. Second, the Broncos now have two QB’s in the building that are “capable” of starting next season.

Denver now has Bridgewater and incumbent Drew Lock in the building. When the news broke, some analysts believed this meant Denver was out of the market for a QB in the 2021 draft. However, most reporters, such as NFL Network’s Ian Rapaport and ESPN’s Adam Schefter made it clear the Broncos are still interested in potentially drafting a QB.

The Broncos now have some flexibility. They could go into 2021 with just Bridgewater and Lock, they could also draft Justin Fields or Trey Lance and go into the season with three QBs.

However, one scenario goes something like this: They traded for Bridgewater to be a one-year starter and will draft a QB, while also trading Drew Lock and getting something back for him.

Lock’s trade value likely isn’t very high. However, he’s cost controlled for the next two seasons and some team may see him as a high quality backup. 

Regardless, the Broncos would be foolish to take themselves out of the QB market. Even with Lock and Bridgewater they are far from competitive. Remember, they play in a division with Patrick Mahomes and Justin Herbert. They’re going to need some more firepower in order to compete.