The Facts: The Broncos just informed Flacco that he is being waived with a failed physical designation, a source tells ESPN's Adam Schefter.
Diehards Line: Flacco, a former Super Bowl MVP, now joins a group of free-agent QBs looking for work. His release leaves the Broncos with $13.6 million in dead cap money. Flacco will hit the open market as a backup option at the position, no longer carrying the financial burden that might have scared teams off in past offseasons. ... Stay tuned.