Denver could opt to supplement Keenum, 30, with a draft pick who has a longer potential future in the league, at least age-wise.
The Broncos were one of four teams that were viewed as the favorites to sign Cousins, the premier quarterback in this year's free-agent class.
Although Kirk Cousins has been touted as the top quarterback to hit free agency this year, the Broncos, after extensive evaluation of all their options, felt more comfortable with Keenum.
While the Broncos are in transition, including on defense following the trade of cornerback Aqib Talib to the Los Angeles Rams last week, Elway doesn't want to rebuild, and finding a capable starting quarterback is the biggest piece - especially when the rest of the division is settled at the position. After replacing an injured Sam Bradford, Keenum was able to hold off Teddy Bridgewater and ended up going 12-4 as the starter (including playoffs) for NFC North champion Minnesota.
Kubiak has an increased role in the Broncos' personnel evaluations this year and has been a major voice as Denver prepares for free agency and the draft.
Former 49ers RB Carlos Hyde expected to sign with Browns
Hyde finished last season having played and started in all 16 games - the first time he's done so in his career. Crowell is a tick better in the passing game as he averages eight yards per catch versus 5.8 for Hyde.
Michael Carrick to retire from football at the end of the season
We're still talking about it, to be honest, so there's nothing to totally confirm as yet. That's pretty much where I am at'.
Dog Dies After Flight Attendant Orders It Placed In Overhead Bin
Witnesses said the flight attendant had asked one of the passengers to put her airline-approved pet carrier in the locker. Though the overhead locker is not air-tight, lack of oxygen may have caused the dog's death, U.S. media reports said.
Just ask John Elway to say "rebuilding".
Five of the top seven passers in the franchise's history, including Elway at No. 1, have arrived either by trade or by free agency. "That was always fluid too, but he was our target".
The Broncos won all five games previous year where the quarterback's rating was above an 85. However, that wasn't good enough for him to get drafted.
The Broncos had a glaring hole under center last season, cycling through Trevor Siemian, Paxton Lynch and Brock Osweiler en route to an unexpected 5-11 record and last-place finish in the AFC West.
Plummer also had a slow start to his career.
"There were some things we should have done differently that we didn't do". The Broncos, since winning the Super Bowl in 2016, have failed to reach the playoffs and back-to-back disappointing years, due largely to inconsistency and lack of production from the QB position. I feel like we can get right back in the thick of the things rather quickly.