Denver Broncos News & Rumors

Minor NFL Transactions: 8/15/22

Today’s minor moves:

Baltimore Ravens

Carolina Panthers

Chicago Bears

  • Waived: DE Carson Taylor

Cincinnati Bengals

Cleveland Browns

 Dallas Cowboys

Denver Broncos

Detroit Lions 

Green Bay Packers 

Houston Texans

Indianapolis Colts 

Jacksonville Jaguars 

Los Angeles Chargers

Miami Dolphins 

New Orleans Saints

New York Giants

New York Jets

Pittsburgh Steelers

San Francisco 49ers

Seattle Seahawks

Tampa Bay Buccaneers

Washington Commanders

Broncos Activate Randy Gregory, Billy Turner From PUP List

The Broncos have received some good news with respect to injuries on both sides of the ball. The team announced on Monday that they have activated defensive end Randy Gregory and offensive lineman Billy Turner from the active/PUP list. 

Gregory was initially set to re-sign with the Cowboys on a five-year, $70MM deal, but he instead inked a contract in Denver with the same terms. The 29-year-old represented a unique case in terms of his age when hitting the open market, having missed the 2017 and 2019 seasons due to suspensions. His production last year, though, with six sacks in 12 games, made him an attractive target.

The lack of wear and tear on his body, in spite of his age, helped make Gregory the Broncos’ top priority in the edge rush department, even during an offseason where a reunion with Von Miller was possible. The former second-rounder is projected to be a starter and impact player on the edge in Denver. Shoulder surgery which took place shortly after signing with the Broncos made Gregory’s regular season availability a question mark, but today’s news is an encouraging step that he could be on the field for Week 1.

Likewise, a return to full health for Turner would be a significant development along the offensive line. The 30-year-old rejoined the Broncos on a one-year deal this offseason, after three years spent with Nathaniel Hackett in Green Bay. Once he resumes practicing in full, he will compete with Tom ComptonCalvin Anderson and Cameron Fleming for the starting right tackle spot – one which has been in flux for years in Denver. With 68 career starts, and plenty of familiarity with both the new coaching staff and the franchise, Turner should have a solid chance to win the first-team role.

The team’s announcement also confirmed the signing of veteran linebacker Joe SchobertHe, along with Gregory and Turner, should each have significant roles as the Broncos look to end their playoff drought.

Broncos To Sign LB Joe Schobert

In need of depth at the position, the Broncos are bringing in some experience to their inside linebacking corps. The team is signing veteran Joe Schobertreports NFL Network’s Ian Rapoport (Twitter link). 

During the team’s first preseason game this weekend, Jonas Griffith suffered a dislocated elbow. As a result, he is expected to be sidelined for four to six weeks, making it likely that he will miss at least a few games to start the regular season. As a projected starter, his absence necessitated a move such as this one.

Schobert, 28, spent the first four seasons of his career in Cleveland. In his second campaign with the team, he led the league in tackles with 144. He remained a full-time starter throughout his tenure, but departed for Jacksonville in free agency on a five-year, $53.75MM deal.

After just one season, the former fourth-rounder found himself on the move again, as the Jaguars traded him to the Steelers last August. In his first (and only) year in Pittsburgh, Schobert started 15 contests and racked up 112 total tackles. As a key member of the league’s worst run defense, though, the Steelers cut him at the start of free agency. That left Schobert on the market until now.

A visit with the Saints pointed to a potential deal, given the team’s need in the middle of their defense. Instead, Schobert worked out for the Broncos last month, showing their interest in him even before the Griffith injury. Especially while the latter is sidelined, Schobert could see significant playing time behind Josey Jewell and, in all likelihood, Alex Singleton, who was the team’s best in-house option to step into a starting role.

With ILB seen as potentially the only weak point on what should once again be one of the league’s top defenses, the addition of Schobert should shore up the middle of the unit. Especially after Griffith returns, the Broncos will have a number of options at the position.

Minor NFL Transactions: 8/11/22

Today’s minor transactions:

Chicago Bears

Cleveland Browns

Denver Broncos

  • Reverted to IR: RB Tyreik McAllister

Green Bay Packers

New Orleans Saints

Philadelphia Eagles

Pittsburgh Steelers

San Francisco 49ers

Broncos Name Damani Leech Team President

In addition to the Broncos now officially having new ownership, they will have another new decision-making presence. The team hired Damani Leech as its next president.

Leech, who spent the past three years as COO for NFL International, will join GM George Paton in reporting to Broncos CEO Greg Penner. The latter is the son-in-law of new owner Rob Walton. This will usher considerable change for the Broncos, who had Joe Ellis in place as their top executive for the past several years.

Damani is highly regarded throughout the National Football League for his leadership, strategic vision and collaborative spirit,” the team said in a statement. “As a former college player with executive experience at both the NFL and NCAA levels, Damani understands the value of teamwork and knows what it takes to win—on and off the field.”

In addition to his NFL International role, Leech worked in the league office in different capacities over the past eight years. In the 17 years prior to that, Leech worked at the NCAA national office in Indianapolis.

Ellis was part of the three-person Pat Bowlen Trust that was in charge of the franchise, after the Hall of Fame owner stepped away from the team as he battled Alzheimer’s. Pat Bowlen died in 2019. Pat Bowlen’s youngest daughter, Brittany, was the NFL’s preferred candidate to succeed him. Days before Walton officially became the team’s owner, Brittany Bowlen stepped down from her post within the organization.

Penner said ownership will not become too involved in Broncos personnel decisions, via Troy Renck of Denver7 (on Twitter), being set to cede football ops-related responsibilities to Paton and HC Nathaniel Hackett. The new Broncos ownership was mum on Russell Wilson‘s contract situation, and although Penner mentioned (via Renck, on Twitter) Peyton Manning and John Elway as possible options to take on roles with the team, neither is firmly attached to anything. Both Hall of Famers were at the press conference this week introducing Walton and Co., however. All four ownership finalists spoke with Manning about a role with the team; Elway remains a consultant to the front office.

Roquan Smith Seeking $20MM Per Year?

Coming off the Bears’ active/PUP list Wednesday, Roquan Smith is waging a hold-in measure. In his trade request sent Tuesday, the fifth-year linebacker said the Bears have submitted a “take it or leave it offer” that would hurt the market.

The Bears are, however, negotiating with Smith himself — he does not have an agent — and Doug Kyed of Pro Football Focus notes the team has come up from its initial proposal. But the team is also believed to be negotiating with a player who wants to become the NFL’s first $20MM-per-year off-ball linebacker. Smith wants a deal that pays him “at least” $20MM per annum, Kyed adds.

With first-team All-Pros Shaquille Leonard and Fred Warner positioned as the only traditional linebackers earning at least $18MM per year — at $19.7MM and $19.4MM on average, respectively — this has obviously made for a complex Bears negotiating process. Smith, 25, is a two-time second-team All-Pro.

Bears GM Ryan Poles said the team still wants to extend Smith and called some parts of the offer “record-setting,” but Smith classified the proposal as backloaded. Backloading deals to inflate AAV figures has come up this offseason. The Raiders and Dolphins used this blueprint with Davante Adams and Tyreek Hill, respectively, while Chiefs left tackle Orlando Brown Jr. turned down a proposal with a whopping final-year figure.

The linebacker market changed significantly three years ago, when C.J. Mosley landed a $17MM-per-year pact from the Jets. Still attached to that accord, Mosley has only seen Leonard, Warner and Bobby Wagner top that deal. The Seahawks shed Wagner’s $18MM-AAV accord from their payroll in March. Going into the 2019 offseason, Luke Kuechly‘s $12.36MM-per-year pact had stood as the linebacker standard for three years. Teams’ calculus regarding true linebackers changed thanks to the previous Jets regime’s Mosley decision. The market still only houses three linebackers making more than $15MM per year as well.

With the Bears hiring Matt Eberflus as head coach, Smith would also be transitioning to a new defense. He produced consistently in Chicago’s previous 3-4 scheme, however, racking up 302 tackles (30 for loss) and seven sacks over the past two years. The TFL number is particularly impressive. Only T.J. Watt, who plays a pass-rushing position and is coming off a season in which he matched the single-season sack record, has recorded more TFLs (44) among linebackers since 2020. Among true off-ball ‘backers, Smith’s 30 lead the field by seven in this span.

Smith’s age and production would generate a market, if the rebuilding Bears to honor his trade request. The Commanders reside as a team some in league circles believe would be a fit, per Jeremy Fowler of ESPN.com. Washington used a first-round pick on Jamin Davis last year, but he struggled as a rookie. The team also has Cole Holcomb going into a contract year. The Broncos also could be a fit, per Albert Breer of SI.com. Denver may have been a better fit last year, with ex-Chicago DC Vic Fangio at the helm, but the team has been looking at linebackers recently. Of course, pursuing the likes of Anthony Barr and Joe Schobert and trading reasonable draft capital for Smith are different matters. The Broncos also do not have their first- or second-round picks in 2023, thanks to the Russell Wilson trade.

Minor NFL Transactions: 8/10/22

Today’s minor moves:

Cincinnati Bengals

Cleveland Browns

Denver Broncos

Green Bay Packers

Houston Texans

Jacksonville Jaguars

Las Vegas Raiders

Philadelphia Eagles

  • Signed: RB DeAndre Torrey

Pittsburgh Steelers

Seattle Seahawks

Tennessee Titans

NFL Approves Rob Walton As Broncos Owner

Rob Walton‘s $4.65 billion bid for the Broncos has led to his officially becoming the franchise’s owner. At a Tuesday owners’ meeting, Walton’s Broncos acquisition received approval. Owners unanimously voted to approve Walton’s purchase, Roger Goodell said.

The Walmart heir now becomes the NFL’s richest owner — by a gargantuan margin. Walton’s approximately $70 billion in net worth is more than triple the NFL’s previous richest owner. His Broncos purchase nearly doubled the previous NFL record of $2.3 billion — set by Panthers owner David Tepper in 2018.

This transition ends the Bowlen family’s run as NFL owners. Pat Bowlen, who bought the Broncos in 1984, was inducted into the Hall of Fame in 2019. Seven of the franchise’s eight Super Bowl berths came under Bowlen’s leadership. But the late owner’s battle with Alzheimer’s led to the Broncos being put in the Pat Bowlen Trust. The NFL at one point was behind Bowlen’s youngest child, Brittany Bowlen, taking over eventually, but a squabble between other Bowlen children ended up scuttling that plan. The Broncos went up for sale in February, and Brittany recently stepped down from her post inside the organization.

Walton’s daughter, Carrie Walton Penner, and her husband, Greg Penner, are expected to run the day-to-day Broncos operations. Walton, 77, should be expected to be the team’s representative when owner votes are required. The Walton ownership group has swelled in recent weeks as well. Former Secretary of State Condoleezza Rice and Formula One superstar Lewis Hamilton have signed on as part-owners, joining Starbucks CEO Mellody Hobson in that capacity. Walton’s group has spoken with Peyton Manning about a possible role — a long-rumored scenario — but nothing definitive has emerged on that front yet.

This marks one of the most pivotal offseasons in Broncos history. Their new coaching hire (Nathaniel Hackett) will obviously play a major role in how the team fares in the near future, but the trade for Russell Wilson and the transition to Walton as owner represent bigger-picture moves for the organization.

Walton’s deep pockets will probably come into play regarding Wilson’s guarantee — one almost certain to venture into nine-figure territory. Walton’s approval also could lead to Wilson extension talks taking place this year. That matter could be tabled to 2023, but with more than a month between Walton’s transition and Week 1, the door is open for the Broncos to begin discussing a monster Wilson re-up.

Broncos Notes: Hamilton, Washington, Risner

As the official takeover of the Broncos by the Rob Walton-led group draws nearer, another significant name has been added to the list of people set to become the franchise’s new owners. Less than one month after Condoleezza Rice joined the group, the team announced a second noteworthy arrival.

Seven-time Formula One champion Lewis Hamilton has joined the ownership group, per a statement from Walton. It added that the team is “delighted” to bring the 37-year-old into the fold, and that his “resilient sprit and and standard of excellence will be an asset to the ownership group and the Broncos organization.”

In 2020, Hamilton became the all-time winningest driver in the series’ history in terms of grand Prix victories, adding to his lengthy list of individual records. His seven World Championships place him in a tie for the No. 1 spot in that regard. He represents another unique addition to the expanding ownership group, which is expected to be confirmed via a league vote later this month.

Here are couple other notes from the Mile High City:

  • Rookie receiver Montrell Washington faces steep competition for snaps on offense, given the presence of Jerry Jeudy, Courtland Sutton and KJ Hamler. He could earn a role on special teams right away, however; Troy Renck of Denver7 reports that Washington is currently the frontrunner to be the team’s punt returner. During his career at Samford, the fifth-rounder showcased his ability in the third phase, averaging 16.4 yards per punt return, totaling four touchdowns in that department. Renck adds that Washington has also impressed as a receiver, so a rotational role (especially in the absence of Tim Patrick, who will likely miss the 2022 campaign with a torn ACL) isn’t out of the question.
  • Left guard Dalton Risner has shed considerable weight this offseason, per Renck. The 27-year-old has dropped to just over 300 pounds, having previously came in at 325. A full-time starter in each of his three seasons with the team, Risner will be a key member of the Broncos’ offensive line, widely regarded as the x-factor in the offense’s 2022 success with Russell Wilson and a highly-regarded group of skill position players surrounding him.

Broncos Pursued TE Will Dissly

The SeahawksWill Dissly contract — a three-year, $24MM deal featuring nearly $16MM in total guarantees — surprised most, but the injury-prone tight end indeed generated interest outside of Seattle. The Broncos and Buccaneers were two of Dissly’s other suitors, according to Adam Jude of the Seattle Times, who detailed the former fourth-round pick’s path to that $8MM-per-year contract. Dissly, who experienced early-career injuries and put up light receiving statistics in his two healthy years (45 receptions, 482 yards since 2020), was both concerned about his free agency value and wondering if he would need to wait a bit into free agency for teams to take care of higher-priority players, Jude adds. But Dissly struck a deal on Day 1 of the legal tampering period, re-signing with a Seahawks team that had acquired Noah Fant days earlier.

A reunion with Russell Wilson in Denver was on the table, per Jude, who notes another offer Dissly received was “in the ballpark” of what Seattle proposed. At least six teams expressed interest as well, though it sounds like the Broncos were the Seahawks’ top competitor here. But the team, valuing Dissly as a blocker, made the Washington alum a priority. The Broncos drafted Greg Dulcich in Round 3 a month later.