Denver can't officially agree to a deal with the free agent until 4 p.m. on Wednesday - when the NFL's free agency period officially opens - but a source told 9News Denver that Keenum and the Broncos will have a short-term deal in place.
Keenum has been allowed to hit the open market by the Vikings despite leading them to the NFC championship game last season. The 2017 season marked the first time he started more than nine games, as well as the first time he topped 11 touchdown passes in a season.
The Vikings reportedly are one of the finalists for Cousins, along with the Jets and Cardinals.
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But it was Siemian, a seventh-rounder from Northwestern, who emerged as Manning's surprise successor in 2016.
The 30-year-old will look to help steer the Broncos to a bounce-back season after they went 5-11 in 2017. It sounds like the contract will be similar to the one Mike Glennon signed in Chicago last season, meaning that it's not prohibitive for the Broncos in the long-term.
Keenum is a player the Broncos know well because Kubiak, now the Broncos' senior personnel adviser, coached him for two seasons while he was head coach of the Houston Texans.
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In Denver, he'll again have a solid defense and extremely talented weapons at receiver in Demarius Thomas and Emmanuel Sanders.
Despite his swings and misses at QB before, Elway said, "Believe me, I'm not done swinging and missing".
Unless it's some kind of insane contract, this is a better idea for the Broncos than Kirk Cousins. John Elway, the Broncos' front office football czar, has settled on Keenum as his latest attempt to fix the quarterback situation. Justin Pugh and Weston Richburg are among the best offensive linemen remaining in free agency and can both play two different positions. I thought they needed the right guy to pick the right guy. There were some things that we should have done differently that we didn't do.
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