1:57pm: The Broncos have officially announced the transaction.
12:20pm: After he allegedly accepted a deal with the Chiefs, the Broncos officially announced that they have signed former Steelers wideout Emmanuel Sanders, tweets ESPN NFL Insider Adam Schefter. Schefter reports that it is a three-year, $15MM deal, and Aaron Wilson of the Baltimore Sun adds (via Twitter) that it is worth a maximum of $18MM with escalators.
Assuming he passes his physical, a press conference is scheduled for 1:30 MST, tweets Lindsay Jones of USA Today.