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Broncos great and current general manager John Elway announced several hours ago that former USC standout Mark Sanchez has been acquired from the Philadelphia Eagles for a conditional draft pick. According to Adam Schefter of ESPN.com, the pick is a 7th round pick.
Acquired QB Mark Sanchez for a conditional '17 pick. He brings veteran leadership & will compete. This is the 1st step in our process.
— John Elway (@johnelway) March 11, 2016
With the retirement of Peyton Manning and the recent defection of Brock Osweiler to the Houston Texans, the Broncos were left with a gaping hole at the QB position. Furthermore, free agency has not been kind to the reigning Super Bowl champions as they lost Malik Jackson, Danny Trevathan, and C.J. Anderson. This move is a stop gap at the QB position that enables the Broncos to put an experienced, former starter in a position that needs veteran leadership. While there are other free agent speculations such as picking up RG3 or Colin Kaepernick, Sanchez's contract will not break the bank and bide time for the Broncos to find a QB via the draft. He is joined by Trevor Siemian as the backup QB.
Mark Sanchez, a former USC quarterback was the backup from 2005-2007 before earning the starting job for USC by 2008. His USC career statistical highlights include a 64.3% passing completion and 153.9 passer rating.