Keenum, who signed his two-year, $36 million deal Thursday, was formally introduced Friday at the team's suburban Denver complex. And while the Broncos considered any and all quarterbacks who were on the market, including Kirk Cousins, they reeled in Keenum during the first hours after free agency opened Wednesday afternoon.
"We're real excited that Case is here," Elway said. "We talked about it after the season that we need to upgrade at that position, and we got our guy. The guy who was our target ... with everything we look at, it all came out Case."
"We didn't wait around, we made it happen," Keenum said. "Denver was No. 1 on my list, too."
Keenum, who entered the league as an undrafted rookie in 2012 with the Houston Texans, had impeccable career timing this past season. In relief of an injured Sam Bradford with the Minnesota Vikings last season, Keenum threw for 3,547 yards and 22 touchdowns in 15 games.
After re-signing with the Broncos on Thursday, linebacker Todd Davis said that he both wants to lead by example and by using his voice.
In the past year, Denver has lost three Pro Bowlers from a defense that has keyed the Broncos' recent success. It's something John Elway can't ignore.
EAGAN, Minn. -- The quarterback room is coming together for the Minnesota Vikings.
Minnesota finalized a trade with Denver for quarterback Trevor Siemian, sources confirmed to ESPN. Additionally, the Broncos are sending a late-round 2018 draft pick to the Vikings in exchange for a 2019 pick.
Siemian will assume the role of Kirk Cousins' backup quarterback in Minnesota. Cousins, who played under the franchise tag for the last two seasons in Washington, will visit the Twin Cities on Wednesday and is expected to sign a three-year, $84 million fully guaranteed contract Thursday.
Siemian comes with a salary-cap hit of about $2 million, which is significant for the Vikings considering what they will pay for Cousins.
Siemian started 24 games over the last two seasons before suffering a subluxation in his left shoulder in December, the same shoulder he had surgically repaired twelve months prior. In Denver, Siemian threw 30 touchdowns and 24 interceptions with a 59.3 completion percentage.
In 2017, Siemian and the Broncos got off to a 2-0 start in which he was tied with Detroit's Matthew Stafford for the most passing touchdowns in that span, with six.
From Week 3 on, Siemian had the worst qualifying TD-INT ratio of 6-to-12 and the worst Total QBR (19), according to ESPN Stats and Information.
The fourth-year QB enters a situation in Minnesota that could provide stability to his young career with the opportunity to serve as an understudy to Cousins and work with first-year Vikings offensive coordinator John DeFilippo.
The Broncos signed former Vikings quarterback Case Keenum
Linebacker Todd Davis, 25, re-signed with the Broncos on a three-year deal that, a source confirmed, could be worth up to $15 million. Davis, who was claimed off waivers from the New Orleans Saints in 2014, was one of Denver's most prominent unrestricted free agents.
The NFL Network earlier reported news of Davis' deal.
John Elway, Denver's president of football operations and general manager, said at the scouting combine that the Broncos hoped to re-sign Davis, but that he also expected Davis to see what kind of interest there was elsewhere in the league. The Broncos' offer turned out to be the one Davis chose.
He has played in every game but two for the Broncos over the past three seasons and been a starter at inside linebacker the past two seasons. He joins cornerback Tramaine Brock as part of Denver's signings on defense Wednesday.
Davis went from special-teams regular to a starter. He finished with 97 tackles in 2016 and 82 tackles last season.
Solving their quarterback quandry was key, but now the Broncos have to move on and find some help at wide receiver, offensive tackle and linebacker.
The Broncos are in the market for a third receiver and/or a tight ened who can create more space for Demaryius Thomas and Emmanuel Sanders.
The Broncos have addressed their quarterback situation with Case Keenum. Now they could use a reliable left tackle such as Nate Solder.