Mark Sanchez has been acquired by the Denver Broncos after Brock Osweiler signed with the Texans in the wake of Peyton Manning's retirement.
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The Eagles, who just signed Chase Daniel to a lucrative contract to compete with Sam Bradford, had no need for Sanchez, and will receive a measly conditional pick in return, but basically unload a reasonable $4.5m contract - that is, an unreasonable one for them, and a reasonable one for the Broncos.
Sanchez, known for his Buttfumble, was able to encounter some degree of success under Chip Kelly, and under a run-heavy scheme with an actual offensive line, he may not be a bad choice for the Broncos. If Ronnie Hillman, Montee Ball, and Juwan Thompson figure things out in the backfield, any QB under center will have options to hand off to, as well as throw to Emmanuel Sanders and Demaryius Thomas. Not a bad crew. The Broncos also snagged Coby Fleener from the Colts, getting a solid TE option after Julius Thomas and Vernon Davis didn't work out.
Now, the Broncos are still linked to RGIII and Colin Kaepernick, two running, mobile QBs. It makes total sense to get a low upside but high floor QB in Sanchez. If a beat up Manning was able to lead this team, at times looking worse than many other QB's in the league (his interception total was second highest in the league despite missing time during the regular season), then Sanchez can do a serviceable job if need be.
GM John Elway is slowly fixing up his team in the post-Manning era, and the Broncos will be no slouch next season even without either QB that helped guide their team to the Super Bowl.