Denver Broncos News & Rumors

Minor NFL Transactions: 8/6/24

Today’s minor moves:

Arizona Cardinals

Baltimore Ravens

Buffalo Bills

Cleveland Browns

Dallas Cowboys

Denver Broncos

Green Bay Packers

  • Signed: DE Zach Morton

Las Vegas Raiders

  • Signed: WR Dax Milne
  • Waived/injured: DT Tomari Fox

Los Angeles Chargers

  • Signed: QB Luis Perez
  • Waived: LB Savion Jackson

Los Angeles Rams

New Orleans Saints

New York Giants

San Francisco 49ers

Seattle Seahawks

Washington Commanders

CeeDee Lamb isn’t usually mentioned in this type of post, but the transaction involving the wideout was simply procedural. As ESPN’s Todd Archer notes, placing Lamb on the reserve/did not report list opens up a roster spot for the Cowboys, something that was necessary after the team signed three players today. This move doesn’t impact negotiations, and Lamb can be activated once he returns to practice. Lamb continues to holdout while he waits for a new deal, but the front office is working hard to get him back in the building.

Justin Herbert‘s recent foot injury necessitated some extra depth at the position. The team ended up opting for Luis Perez, who led the UFL last season in completions (225), passing yards (2,309), and touchdowns (18). Perez will soak up some temporary snaps alongside Easton Stick, Max Duggan, and UDFA Casey Bauman.

Panthers Claim DB Caden Sterns

The Panthers used their top waiver priority today on a former Broncos draft pick. According to ESPN’s David Newton, the Panthers claimed defensive back Caden Sterns from the Broncos. To make room on the roster, the team has waived/injured guard J.D. DiRenzo.

[RELATED: Broncos Waive S Caden Sterns]

Sterns was a fifth-round pick out of Texas in 2021. He quickly carved out a role in Denver, compiling 28 tackles, two sacks, and two interceptions in 15 games (two starts) as a rookie. He was set to take on a larger role as a sophomore, and he started the 2022 campaign as the replacement for an injured Justin Simmons. Sterns got into five games before suffering a hip injury that ultimately required season-ending surgery.

The defensive back returned in time for the start of the 2023 campaign. However, he suffered a torn patellar tendon in Week 1, ending his season early. Sterns started this year’s training camp on the active/PUP list but missed only a handful of practices before being activated. The Broncos had a few weeks to evaluate the 24-year-old before ultimately moving on yesterday.

The Panthers have been especially active in seeking depth in their secondary. Sterns will likely be penciled in as a safety, but he did get some looks at nickelback as a rookie. Sterns will be taking the roster spot previously held by DiRenzo, a former UDFA who got into three games as a rookie in 2023.

The Panthers made another move today, releasing wideout Cam Sims from the reserve-PUP list with an injury settlement, per Aaron Wilson of KPRC2. The receiver caught on with Carolina’s practice squad late in the 2023 campaign and stuck around during the offseason via a reserve/futures contract. The former UDFA spent five seasons in Washington to begin his career, hauling in 57 catches for 804 yards and three touchdowns.

Broncos DL Eyioma Uwazurike Reinstated From Gambling Suspension

6:10pm: Uwazurike has released a statement (per NFL Network’s Ian Rapoport):

“I am grateful to the Denver Broncos and the National Football League for giving me the opportunity to resume my NFL career. I’ve learned from this situation and taken steps to ensure it will never happen again.

“It is a privilege to play in the NFL, and I hope others can learn from my mistake. I will not take this second chance for granted and am fully committed to making a positive impact with the Broncos both on and off the field.”

12:30pm: Eyioma Uwazurike is back in the fold as of Monday. The Broncos defensive lineman has been reinstated from his 2023 gambling suspension, per a league announcement. He will take the roster spot vacated by safety Caden Sterns, who will be traded or waived today.

[Offseason In Review: Denver Broncos]

Uwazurike was among the many players hit with a ban last summer, one which ultimately lasted 54 weeks. An investigation into the 26-year-old’s wagering revealed he placed bets on five Broncos games during his rookie season as part of a wider pattern of FanDuel action which included bets made on Iowa State contests in 2021 when he played for the Cyclones.

Further review from the league office as well as the state of Colorado and Arapahoe County District Attorney took place recently. Uwazurike was first eligible to apply for reinstatement on July 24, but that probe was ongoing at the time. For that reason, he remained unable to take part in team activities until the investigation concluded. As detailed by Mike Klis of 9News, no charges have been filed, clearing the way for Uwazurike to return to action.

Given the year-long absence, the former fourth-rounder’s contract tolled in 2024. As a result, Uwazurike still has three years remaining on his rookie pact. He made eight appearances as a rookie, totaling 17 tackles and two quarterback pressures. With Denver’s training camp well underway, he will now turn his attention to carving out a roster spot on a new-look defensive front.

The Broncos saw the departure of Mike Purcell and Jonathan Harris this offseason while bringing in Malcolm Roach and Angelo Blackson via free agency. Denver also traded for John Franklin-Meyers during the draft, giving the team a number of new options along the defensive interior to pair with Zach Allen and D.J. Jones. Uwazurike will compete for playing time as a member of that group while attempting to avoid any further gambling-related issues.

Broncos Waive S Caden Sterns

4:06pm: No trade was worked out for Sterns, Klis notes. As a result, he will hit the waiver wire. If no team submits a claim in the next 24 hours, he will be a free agent.

10:02am: Caden Sterns was set to play out the 2024 season as a pending free agent for the Broncos. The fourth-year safety will instead need to find a new home in the coming weeks.

Sterns has been informed by the Broncos of their intention of waiving him, Tom Pelissero of NFL Network reports. The 24-year-old will hit the wire once that move officially takes place. If he goes unclaimed, Sterns will be free to sign with an interested team. A trade will first be sought out, per Mike Klis of 9News. If a partner on that front cannot be found, Sterns will be let go.

The former fifth-rounder has shown potential when on the field, particularly during his rookie season. Sterns totaled a pair of interceptions and five pass deflections in 2021. He nearly matched both of those figures the following year, but he did so in only five games played. Availability has been an issue for Sterns, and he suffered a season-ending injury in Week 1 of the 2023 campaign.

The Texas alum began training camp on the active/PUP list, but he was cleared to return to practice in late July. Today’s news is not an encouraging sign with respect to Stern’s health at the moment. As a result, he may find himself on the market for a stretch as teams consider adding him prior to roster cutdowns. If he does land with a new squad in the relatively near future, however, the Broncos’ turnover at the safety position this offseason will continue.

Denver moved on from Justin Simmons in the spring, and the NFL’s interceptions leader since 2016 has still yet to sign with a new team. The Broncos also released Kareem Jackson late in the 2023 campaign after his second suspension of the season. Jackson recently signed with the Bills in an attempt to continue his career. Now that Sterns will not be in the fold, a number of new faces will be counted on for the 2024 season.

The Broncos added Brandon Jones in free agency, and the team re-signed P.J. Locke. Those two are set operate as starters this season, but the absence of Sterns will lead to questions about depth behind them. Barring an addition, Denver will rely on the likes of J.L. Skinner and Delarrin Turner-Yell as special teams contributors counted on to take on defensive snaps in the event of injury to Jones and/or Locke. The Broncos have roughly $7.7MM in cap space, so a modest safety investment to replace Sterns would be feasible.

Bo Nix Moving Ahead Of Jarrett Stidham In Broncos’ QB Competition?

The Broncos appear to have narrowed their quarterback competition to two contenders. As expected, trade acquisition Zach Wilson lost out on first-team reps during training camp this week, increasing the attention shown to incumbent Jarrett Stidham and first-round rookie Bo Nix.

[RELATED: Recapping Broncos’ Offseason]

The latter has long been expected to take the reins at some point in 2024, as Day 1 passers often see regular season action at some point in their rookie campaigns. Nix, 24, is a veteran of 61 starts in college and is better positioned than most to handle first-team duties right away. At a minimum, the Auburn and Oregon alum will not start the year occupying the No. 3 spot on the depth chart.

Nix is still a strong candidate to earn the Week 1 nod, though. The 12th overall pick “appears to have edged past” Stidham in recent practices, Mike Klis of 9News writes. Both signal-callers received first-team reps, but Klis notes the rotation has left the door wide open for Nix to continue impressing Sean Payton and the coaching staff. Indications from June pointed to him being the favorite in the long run, so this latest update comes as little surprise.

Stidham made a pair of starts to close out the 2023 season, Payton’s first as head coach in Denver. The soon-to-be 28-year-old took over once it became clear Russell Wilson‘s tenure in the Mile High City had realistically come to a close. The longtime Seahawk’s release paved the way for multiple additions, and Wilson’s arrival came shortly before the decision to select Nix – one Payton confirmed was the Broncos’ Plan A all along.

Improved play on offense will be critical for Denver in 2024, and more efficiency in the passing game is needed for the team to return to the postseason. Plenty of time remains for Nix’s potential to be realized at the NFL level, as he could be retained through 2028 via the fifth-year option. The Broncos’ evaluation period before a decision on that front could still very well begin as early as Week 1 of his rookie season.

Minor NFL Transactions: 8/2/24

Today’s minor transactions as we head into the weekend:

Chicago Bears

Dallas Cowboys

Denver Broncos

Kansas City Chiefs

New England Patriots

New Orleans Saints

New York Jets

Pittsburgh Steelers

Tampa Bay Buccaneers

Tennessee Titans

Petit-Frere has been rehabbing back from a medical procedure he underwent on his knee. The third-year lineman will now get an opportunity to enter the team’s position battle at right tackle.

Minor NFL Transactions: 8/1/24

Here are Thursday’s minor moves from around the league:

Atlanta Falcons

Carolina Panthers

Cleveland Browns

Denver Broncos

Detroit Lions

New Orleans Saints

Rourke joins a third team this year. The Patriots waived the former CFL quarterback in May, and the Giants — after claiming him — moved him off their 90-man roster shortly after Daniel Jones received full clearance. Rourke spent most of last season with the Jaguars, catching on with the Pats late in the year. He will try to stick on a Falcons team with three QBs — Kirk Cousins, Michael Penix Jr. and Taylor Heinicke — already rostered. Heinicke expects to be jettisoned before Week 1, with the Falcons planning to keep two QBs on their active roster. Though, the veteran could have a place on Atlanta’s practice squad.

This will mark a third Callaway Saints stint. Utilized frequently during a 2021 season that featured zero Michael Thomas participation and brought back in 2023 after the Broncos and Raiders cut him, Callaway returns days after a Steelers departure. The former UDFA, who has a 698-yard 2021 season on his resume, played in three Saints games last season but did not make a catch. This comes at an interesting point, at least, with the Saints having moved on from OC Pete Carmichael en route to a Klint Kubiak hire.

Sullivan suffered a quadriceps injury, per the Panthers. The 2020 Seahawks seventh-round pick, who reunited with ex-Seattle assistant Dave Canales this offseason, has been with the Panthers for the past three seasons.

Zach Wilson Losing Ground In Broncos’ QB Competition

This week of Broncos practices has revealed a separation in the team’s quarterback competition. One member of the three-man battle is losing ground to the point his place in it is now in question.

The team’s recent workouts included Jarrett Stidham and Bo Nix receiving their turns with the first-string offense, but Zach Wilson saw his turn with the 1s skipped. For the time being, per ESPN.com’s Jeff Legwold, this appears a two-man competition. Sean Payton said recently the Broncos would eliminate a member from the competition during the first two weeks of padded practices. It looks like Wilson will be the one dropped, putting his roster spot in question.

[RELATED: Offseason In Review: Denver Broncos]

Payton indicated today the current makeup of Denver’s QB competition is not “etched in stone,” and SI.com’s Albert Breer adds it has been communicated to the former Jets No. 2 overall pick he is not yet out of this race. But Wilson entered training camp with ground to cover to win even the backup job. Early camp work is continuing this storyline.

No plans to stash Nix as a developmental third-stringer are in place, and Breer adds the No. 12 overall pick is swiftly picking up Payton’s offense. That said, Legwold indicates Stidham has spent most of this week with Denver’s first-stringers. Stidham, who has moved into a starting role after two teams have sat their starters (Russell Wilson, Derek Carr) due to injury guarantees, has the most experience of the trio in Payton’s offense, as he signed a two-year, $10MM deal with the Broncos last March.

Stidham, 28 next week, would appear a placeholder at best. Nix being 24 and having set the record for most starts by a Division I-FBS quarterback (61) points to him making his starter debut early in the season — if not in Week 1. The preseason will be telling regarding the Oregon- and Auburn-developed prospect’s chances of winning this job — though, a midsummer report indicated it is likely his to lose — but Stidham should not be expected to hold him off for too long.

The Broncos would take on $2.73MM in dead money by releasing Zach Wilson and $2MM by cutting Stidham. Payton typically keeps two QBs on his active roster. Wilson would need to clear waivers to factor into any Broncos practice squad/emergency QB3 plans.

Elsewhere in Broncos camp, Breer notes the team’s No. 2 cornerback competition looks to be down to Riley Moss and Damarri Mathis. The team signed Levi Wallace and used a fifth-round pick on Kris Abrams-Draine, but this competition appeared Moss’ to lose entering camp.

The 2023 third-rounder, for whom the Broncos sent the Seahawks a 2024 third-rounder to acquire, played a special teams role after a core muscle injury set his development back last summer. Mathis, a 2022 fourth-rounder who replaced Ronald Darby as Denver’s outside CB starter opposite Patrick Surtain in 2022, struggled to start last season and was benched for Fabian Moreau. Wallace is the veteran of this group, with Moreau signing with the Vikings this week, but he was unable to hold a Steelers starting gig last season. The Broncos, who have Mathis signed through 2025 and Moss through 2026, only guaranteed Wallace $668K.

Broncos Place OL Quinn Bailey On IR

AUGUST 1: Bailey is indeed out for the year. He was placed on injured reserve Thursday, per a team announcement. His attention will now turn to rehab ahead of free agency next March. Rookie O-lineman Oliver Jervis was signed in a corresponding move.

JULY 31: Cameron Fleming worked as the Broncos’ swing tackle over the past two seasons, but the team did not re-sign the veteran in 2024. This left Quinn Bailey as a player vying for that role; he entered camp continuing to battle for a backup role he has held for multiple seasons. But the sixth-year Bronco saw that pursuit come to a likely end Wednesday.

Sean Payton said it “looks like” Bailey sustained a fractured ankle during practice, via 9News’ Mike Klis, who adds the veteran backup’s right leg was immobilized with an air cast. Bailey, 28, re-signed with the Broncos — on a one-year, $1.1MM deal with no guarantees — in March.

The Arizona State alum is set to undergo surgery, Klis adds. Fleming, 31, remains a free agent. Bailey is one of the Broncos’ longest-tenured players. He is among only five — along with Garett Bolles, Courtland Sutton, Tim Patrick and Justin Strnad — left over from John Elway‘s GM tenure.

A former UDFA, Bailey started a game apiece over the past two seasons. The Broncos enjoyed good health along their offensive line last season but needed Fleming extensively in 2022. Bailey worked as a swing backup more that season, playing 132 offensive snaps. Many of those came at left guard, but the Broncos will be needing to look elsewhere on their roster for swing work.

Denver added Matt Peart on a one-year deal in March as well, and ex-Payton Saints charge Calvin Throckmorton also joined some of his former teammates in Denver. For interior depth, the team could turn to one of the losers of the center competition, which is primarily being waged between 2022 fifth-round pick Luke Wattenberg and 2023 seventh-rounder Alex Forsyth.

Offseason In Review: Denver Broncos

The quest to find a long-term quarterback has dominated Broncos discourse since Peyton Manning‘s 2016 retirement, and while the organization’s failures here were not particularly costly during the initial years following the all-time great’s exit, the most recent effort certainly was. As a result of the Russell Wilson tenure, the Broncos became a punching bag for a season before seeing some 2023 improvements drop their 2024 draft slot. Now, they are in Year 1 of a dead money abyss unlike anything any team has encountered.

Bailing on Wilson’s pricey extension set a record that will be difficult to break for the foreseeable future, and the Broncos are taking another swing at quarterback — this one handpicked by Sean Payton. Making other notable subtractions and contract adjustments after making strides under Payton, the Broncos will attempt to field a competitive team despite Wilson’s contract consuming a significant chunk of their salary cap.

Extensions and restructures:

The Broncos are still using the phonetically interesting Payton-Paton power duo. GM George Paton was the point man behind three of this decade’s worst decisions — the Nathaniel Hackett hire, the Wilson trade and then the QB’s extension — but the group he drafted in 2021 has developed nicely. Paton plucked starters Patrick Surtain, Javonte Williams, Baron Browning and Jonathon Cooper in his first draft, but the biggest success story is probably a third-round guard from the Division III ranks. Meinerz has been a regular starter in Denver since midway through his rookie year, and he became the first Paton-era draftee to see his contract extended.

Meinerz, 25, impressed at the 2021 Senior Bowl — a vital component of his rise, as the COVID-19 pandemic nixed the non-Division I-FBS levels’ 2020 seasons — and replaced an injured Graham Glasgow in 2021. Meinerz beat out Glasgow for the Broncos’ right guard gig in 2022 and graded as a top-10 guard, per Pro Football Focus, over the past two seasons. Excelling in the run game, Meinerz was probably the Broncos’ top offensive player during the Wilson years. The team will bet on upside, as no Pro Bowls are yet on the Wisconsin-Whitewater alum’s resume.

Although Louis Vasquez rewarded the Broncos, the team has struggled with guard payments over the past several years. Neither Glasgow nor Ronald Leary justified their high price tags under John Elway, and the Payton-Paton pair has now doubled down at guard. The team gave Ben Powers a four-year, $52MM deal in 2023. The ex-Raven appears locked in for at least two more seasons, as the team restructured his contract to create 2024 cap space. Bo Nix‘s rookie contract stands to help the Broncos afford big payments elsewhere on the roster, though Wilson’s $83MM-plus in dead money from 2024-25 undercuts that advantage.

Denver paying Meinerz also clouds Garett Bolles‘ future. Meinerz’s terms match Denver’s left tackle for the most lucrative O-line contract in team history, and with right tackle Mike McGlinchey also on an upper-crust contract at his position, it is fair to wonder if Bolles is entering his final season with the team.

Bolles, 32, is in a contract year and has angled for a second extension. No known negotiations have transpired. The Meinerz payment points to the Broncos rolling with three pricey O-line contracts and looking for Bolles’ successor next year. For now, Denver is the rare team with four eight-figure O-line deals on its payroll. This is in step with Payton’s approach in New Orleans, where early-round O-line draft choices and extensions were commonplace.

Sutton, 28, reemerged as Denver’s top wide receiver last season, overtaking Jerry Jeudy as Wilson’s favorite target. Snaring some snazzy touchdown receptions, Sutton played a central role in the Broncos’ five-game midseason win streak. With Jeudy traded, Sutton stands as more important regarding Nix’s development. Days before the Broncos made their Nix pick, Sutton lobbied for a contract adjustment. The Broncos have their top target at a below-market rate thanks to an extension (four years, $60MM) authorized back in 2021 — shortly before the 2022 offseason changed the position’s landscape — and the team did not give in.

Denver waited out Sutton, who showed for minicamp after missing the offseason program, and incentives became the endgame here. The team gave the seventh-year vet a $1.7MM incentive package, reminding of the Chargers’ low-level resolution with Austin Ekeler last year. Sutton can increase his earnings to $15.2MM this year but remains tied to a contract with just $2MM guaranteed for 2024 and no guarantees in place for 2025.

As a vested veteran, the rest of Sutton’s $13MM base salary will become guaranteed just before Week 1. But the long-running trade candidate — teams called on the former second-rounder in April and figure to again soon — was unable to secure a notable contract update, putting the pre-Payton pickup’s long-term Denver future in doubt.

Patrick, 30, has managed to hang around despite two season-nullifying injuries. After serving as a key target for Drew Lock and Teddy Bridgewater, Patrick did not play a down with Wilson. After summer ACL and Achilles tears, the former UDFA — the second-longest-tenured Bronco, behind Bolles — accepted a pay cut down to the veteran minimum to stay. Patrick signed a three-year, $30MM extension days before the Broncos paid Sutton. The Broncos brought in Patrick under Elway, and despite his back-to-back 700-plus-yard seasons from 2020-21, the 6-4 wideout — healthy once again — is a wild card in this revamped position group.

Trades:

Rumblings of the Jeudy-Sutton tandem — after four years and incessant trade rumors together — separating emerged early this offseason. Jeudy trade rumors date back to the 2022 deadline, and they followed the former first-round pick into the 2023 offseason and up to last year’s deadline. The Broncos hoped the Elway-era draftee could help Wilson rebound in 2023, and they set a lofty asking price (a first-rounder) in trades last year. Before the deadline, Denver received an offer involving third- and fifth-round picks. Amid their midseason turnaround that included a win over the Chiefs just before the deadline, the Broncos declined and ultimately moved on for less months later.

The Browns are still betting on the 2020 first-rounder unlocking upside that did not materialize in Denver. Jeudy flashed crafty route-running chops and delivered a strong finish to the 2022 season but ended his Broncos tenure 0-for-4 in 1,000-yard seasons. In the Alabama alum’s defense, the Broncos featured five play-callers (three in 2022) and mostly below-average quarterback play during the inconsistent wideout’s career.

The Browns will pair Jeudy with Amari Cooper, and the AFC North club went as far as to extend Jeudy (three years, $52.5MM; $41MM guaranteed) and provide only incentives for Cooper, whose contract issue ended similarly to Sutton’s. Marvin Mims, who made some noise as a deep threat as a rookie but could not earn a steady role, will be given a good chance to replace Jeudy as a starter.

As the Jets attempted to clear salary to make room for Haason Reddick‘s contract, they dealt the Broncos a quality starter for next to nothing during the draft. Acquired in a salary-dump deal, Franklin-Myers became a more favorable Broncos asset after redoing his contract (now at two years and $15MM; $8MM guaranteed) post-trade. The Jets offered Franklin-Myers — a three-year starter for the team — a pay cut, but the seventh-year vet confirmed it was at a lower rate compared to his new Broncos salary.

The Jets had given Franklin-Myers a four-year, $55MM extension early during the 2021 season, and he started 52 games with the team. The former Rams draftee saw time both inside and outside in Robert Saleh‘s 4-3 scheme; in Vance Joseph‘s 3-4 setup, Franklin-Myers will line up as a D-end. Producing six- and five-sack seasons in 2021 and ’22, respectively, Franklin-Myers registered 48 QB hits over the past three years. He profiles as a low-risk upgrade up front and will form a veteran-laden D-line with Allen and D.J. Jones.

Paton had said the Broncos planned to acquire a veteran to join Jarrett Stidham, and weeks after the team looked into Sam Darnold, the trade for Wilson was finalized. Conflicting reports about a Broncos Darnold offer emerged, but the former Jets starter preferred the Vikings. After Minnesota gave Darnold a one-year, $10MM deal, Denver reached a salary-split trade agreement for Wilson.

Wilson fared worse than Darnold did in New York — to the point the Jets benched the former No. 2 overall pick three times from 2022-23 — and exited the offseason program as a long-shot candidate to land even the Broncos’ backup job. The Broncos would eat $2.73MM in dead money by cutting Wilson; they would take on $2MM by releasing Stidham. A Stidham cut would, however, save the team $5MM.

After a year and change in Payton’s system, Stidham looks to have a leg up on the erratic BYU product. A No. 2 overall pick being waived before his fourth season would represent an ignominious start to a career and place Wilson on the short list of biggest QB busts in NFL history.

Free agency additions:

A year after big-ticket deals for McGlinchey, Powers and Allen, Denver — navigating historic cap consequences — operated conservatively in free agency. Its most notable 2024 expense was a safety that will be expected to replace Justin Simmons (or try). The Dolphins took Jones in the 2020 second round and used him as a full-time starter in 2021 and ’22, but the Jevon Holland back-line tandem partner lost a competition to DeShon Elliott last summer.

Elliott started over Jones under Vic Fangio, though the former Broncos HC used Jones in three-safety looks. Elliott outsnapped Jones 967-542 last year, but the latter graded as a top-20 safety in PFF’s view. Also showing a blitz acumen under Brian Flores with five sacks in 2021, Jones will team with two ex-Texas Longhorn teammates — Caden Sterns and P.J. Locke — in Denver.

Spending nearly his entire career as an auxiliary Jared Goff target, Reynolds looks to be both insurance against Patrick not resembling his pre-injury version and Mims and fourth-rounder Troy Franklin not developing as the team hoped. Reynolds’ $4.5MM guarantee suggests a clear role. Not as explosive as Jeudy, Reynolds ranked 85th among wideouts in ESPN’s open score metric last season. The ex-Rams regular is known more for his long-range skills and run-blocking chops than being a pure separator, but he did tally 608 yards and a career-high five touchdowns last season. Though, Reynolds’ campaign ended with two drops during Detroit’s NFC championship game collapse.

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