The Denver Broncos have been contemplating what to do with Mark Sanchez for the last week, and according to ESPN’s Adam Schefter, Denver will be parting ways with the veteran quarterback.

There were reports all throughout the morning that Denver was looking to trade Sanchez, but apparently they never found the right deal.

Altitude’s Vic Lombardi is reporting that the Broncos will keep three quarterbacks heading into Week 1, but Sanchez, obviously, won’t be one of them. Whether that means the trade or sign another one, we’ll see.