Alouettes trade Grey Cup MVP Fajardo to Elks for rights to Bethel-Thompson in QB swap [Video]

Veteran quarterbacks Cody Fajardo and McLeod Bethel-Thompson are on the move again.

The Edmonton Elks acquired Fajardo — the 2023 Grey Cup MVP — from the Montreal Alouettes on Tuesday for the rights to Bethel-Thompson, a two-time CFL champion.

Bethel-Thompson completed his first season in Alberta but is slated to become a free agent Feb. 11.

That means Montreal will have until then to negotiate exclusively with Bethel-Thompson, after which the veteran quarterback will be able to entertain all other offers.

The deal essentially is a swap of backup quarterbacks as both teams have recently committed long-term to young starters.

In November, Montreal signed Davis Alexander to a multi-year deal, then earlier this month Edmonton did the same with Canadian Tre Ford.

“Cody is an accomplished CFL quarterback who will bring valuable experience to our locker room and organization,” Edmonton general manager Ed Hervey said in a statement. “We believe …