Patrick Surtain

Broncos To Pick Up Patrick Surtain’s Fifth-Year Option

In a decision similar to the first fifth-year option call in Broncos history (Von Miller‘s), the team will extend Patrick Surtain‘s contract through 2025.

The Broncos will make the “easy decision” to exercise Surtain’s fifth-year option, GM George Paton said Tuesday. The No. 9 overall pick in the 2021 draft, Surtain has become one of the NFL’s best cornerbacks. He is almost definitely the Broncos’ top player, and the team is naturally interested in a long-term extension.

Picking up Surtain’s option will buy the Broncos time on that front; he will have two more years of control remaining as a result of the long-expected transaction. The salary cap coming in at a surprising $255.4MM will bump Surtain’s option number a bit. Because Surtain is a two-time Pro Bowler, his option price lands on the top tier of the layered option structure. For cornerbacks, that number checks in at $19.8MM, matching this year’s CB franchise tag tender.

Criticized for passing on Justin Fields three years ago, the Broncos joined the Panthers in choosing a corner over the Ohio State QB prospect. Injuries have impacted Jaycee Horn‘s ascent, while Surtain has stayed healthy thus far. Denver has been unable to solve its long-running quarterback issue, but Surtain has become one of the 2021 draft’s top players. He earned first-team All-Pro honors in 2022 and was named a 2023 Pro Bowler. Following the likes of Champ Bailey, Chris Harris and Aqib Talib as All-Pro Broncos corners over the past two decades, Surtain will likely see his extension talks begin with the clear expectation of him becoming the NFL’s highest-paid corner.

Surtain, 23, drew trade interest at the deadline. The Broncos set the price at two first-round picks to initiate a conversation, and while multiple teams were believed to have made offers, none came in on that level. Surtain trade rumors may persist, and the 49ers were among the teams to have reached out about the second-generation NFL corner, but the team as of now is planning to move forward with its top cover man.

Vikings, Broncos On Radar To Trade Up For First-Round QB?

This year’s draft could begin with three quarterbacks, and the teams currently holding the top choices have been steadily linked to taking a first-round passer. Teams in need of signal-callers who do not carry friendly draft real estate will, of course, be monitoring the buzz circulating around the Bears, Commanders and Patriots’ draft blueprints.

Two clubs who appear to be among those watching top QB prospects look to be those positioned just outside the top 10. Holding the Nos. 11 and 12 overall picks, the Vikings and Broncos are believed to be interested in drafting a quarterback high. While it will take considerable draft capital to climb into the top three, neither of these two are in good shape at the position. Minnesota, however, may still have the inside track on Kirk Cousins, who has expressed his fondness for his Twin Cities situation on a number of occasions.

[RELATED: Vikings Want To Re-Sign Kirk Cousins]

Some around the league are keeping an eye on the Vikings’ interest in moving up for a passer, ESPN.com’s Jeremy Fowler offers, noting the team did extensive work on the QB front last year. The Vikes were the team most closely tied to showing Trey Lance interest — before the Cowboys completed a trade for the former 49ers No. 3 overall pick — and they did not come to an agreement on another extension with Cousins.

Guaranteed money into the deal’s third year provided a sticking point, and the Vikings merely restructured Cousins’ contract. The latter transaction has put Minnesota in a time crunch, and the team could face the prospect of losing its starting QB — who has mentioned testing free agency — and being hit with a $28.5MM dead-money bill brought on by void years. If the Vikings do not re-sign Cousins by the start of the 2024 league year (March 13), that $28.5MM accelerates onto their 2024 cap sheet. Not quite the Tom Brady void years-driven cap charge the Buccaneers just faced ($35.1MM), but that is a high dead-cap number devoted to one player.

Cousins, 35, will undoubtedly factor in a potential Vikings desire to trade up for a quarterback into his latest free agency decision. Cousins is the longest-tenured Vikings QB1 since Tommy Kramer, narrowly edging Daunte Culpepper as the third-longest-tenured QB1 in team history. Like Culpepper in 2005, Cousins is coming off a major injury. The Vikings and other teams will be factoring Cousins’ Achilles tear into prospective offers.

The Broncos are almost definitely moving on from Russell Wilson, preparing to enter dead-money infamy in the process. The forthcoming dead-cap hit will cost the Broncos $84.6MM, which will be spread over two offseasons due to the expected post-June 1 designation. This stands to limit the Broncos’ interest in pursuing a pricey veteran — should any starter-caliber arms be available by the time the legal tampering period begins March 11 — and would naturally make Sean Payton‘s team more interested in a draft investment. The Wilson-fronted five-game win streak midway through this season, however, moved the Broncos down to the No. 12 slot. That will complicate a move into high-end QB real estate.

A rumor at the East-West Shrine Game involved Payton being interested in the Broncos moving up to draft Caleb Williams, Drake Maye or Jayden Daniels, Sportskeeda’s Tony Pauline writes. Of course, the cost of doing business here would be steep — and the team would need a willing seller. The prospect of Denver trading up may already be drowning in cold water, too, with Pauline adding the team should not be considered likely to move in this direction because of the draft capital — and/or established players — that would need to be included.

The Broncos gave up their first-round picks in 2022 and ’23 in the Wilson trade, and while they obtained a 2023 first-rounder from the Dolphins in the Bradley Chubb swap, it was subsequently thrown in to acquire Payton’s rights last year. This stands to be the Broncos’ first chance to use a Round 1 pick since they nabbed Patrick Surtain ninth overall in 2021. Surtain has become one of the NFL’s top young corners, and GM George Patonwho is still with the team despite being the point man behind the Wilson and Nathaniel Hackett calls — said Surtain is viewed as a cornerstone piece. Denver’s actions at last year’s trade deadline, which featured at least two first-rounders to even warrant a Surtain discussion, back that up. Pauline adds the Broncos do not want to part with Surtain and would only do so as a last resort in an effort to trade up for a QB.

Wilson’s 2023 rebound notwithstanding, the Broncos have obviously struggled to fill this spot since Peyton Manning‘s 2016 retirement. They were in the Cousins mix in 2018 but bowed out — as the Vikings emerged in pole position — en route to Case Keenum. The Broncos would seemingly have another shot at Cousins now, though QB demand would still make the veteran starter costly — even after the Achilles tear. As of early February, the Vikings are projected to hold more than $24MM in cap space; the Broncos are nearly $24MM over the projected salary ceiling.

Most around the NFL view the Broncos reconciling with Wilson as unlikely, Fowler adds. If Wilson were to remain on Denver’s roster past the fifth day of the 2024 league year, his 2025 base salary ($37MM) locks in. That would balloon Denver’s 2025 dead money for a Wilson release past $85MM. Hence, the team’s controversial maneuvering in an attempt to move the date on which Wilson’s injury guarantee vests.

Although Wilson was fond of Payton prior to the parties’ partnership, Fowler adds Payton let it be known behind the scenes he was not big on the ex-Seahawks star. Wilson’s penchant for creating plays out of structure ran counter to how Payton prefers his offense to run, being part of the reason — along with the injury guarantee — the Broncos benched him for Jarrett Stidham in Week 17. Fowler mentions Minnesota as a destination Wilson would likely pursue, given Kevin O’Connell‘s presence, in the event Cousins leaves after six years. O’Connell worked alongside ex-Seahawks OC Shane Waldron under Sean McVay. The Vikings also roster Justin Jefferson, Jordan Addison and T.J. Hockenson.

If/once Wilson departs Denver, his next team will not need to pay him nearly what the Broncos and Seahawks have. Wilson’s 2023 rebound still probably places him as a mid-tier starter, but Fowler adds his next team could build around him more effectively due to the offset language in the Broncos’ five-year, $245MM extension. Wilson signing at a low rate would be punitive for the Broncos, as their two-year starter’s next deal helps determine how much dead money will be on tap.

Cousins and Wilson join Baker Mayfield and Ryan Tannehill as experienced starter options set to hit the market. But Denver and Minnesota will need to weigh their chances of trading up in Round 1 against spending on a veteran. There will be plenty of moving parts at QB for certain teams this offseason, with the Bears’ upcoming Williams-or-Justin Fields decision a rather important domino as well.

Broncos Eyeing Patrick Surtain Extension, Unlikely To Spend Big In Free Agency

Although Patrick Surtain did not repeat his first-team All-Pro performance from 2022, the standout Broncos cornerback earned his second Pro Bowl nod. As expected, the Broncos kept Surtain out of trades at the deadline. The next step — once Surtain’s fifth-year option is exercised — would be an extension.

The Broncos sound interested in that coming to fruition at some point, with GM George Paton indicating (via the Denver Post’s Parker Gabriel) the team wants the third-year corner in Denver for a long time. Surtain became extension-eligible last week, though the fifth-year option buys the Broncos another year.

The cornerback salary ceiling still sits at $21MM (Jaire Alexander), but with the cap back on a steady climb and young corners like Surtain and Sauce Gardner immediately establishing themselves as top-tier talents, $25MM per year is probably a better projection for where the top CB salary will be by the time these two land extensions. Gardner does not become eligible for a new deal until 2025, but Surtain has become the Broncos’ defensive centerpiece.

Teams generally wait until Year 5 to extend first-rounders, due to the option, but the Broncos are in an atypical situation. Their expected Russell Wilson post-June 1 cut designation will produce a larger cap hit in 2025 compared to 2024, with the total package coming to $84.6MM in dead cap. That record-shattering figure will complicate matters for the Broncos, who will have Surtain undoubtedly eyeing CB-record money when talks begin.

The Broncos extended Chris Harris and signed Aqib Talib, but their last brush with top-tier CB money came when they extended Champ Bailey after acquiring him 20 years ago. Surtain is closer to Bailey’s trajectory compared to Denver’s recent CB All-Pros, pointing to a monster extension either this year or next. Denver would also have the franchise tag at its disposal in 2026, when the Wilson contractual damage is projected to be finished.

As for this year, the Broncos are not expected to be big spenders. After splurging for Mike McGlinchey, Ben Powers and Zach Allen on Day 1 of the 2023 legal tampering period, Denver will be restricted by both the Wilson contract — which would call for $35MM in 2024 dead money — and its limited cap space. Paton said (via the Denver Gazette’s Chris Tomasson) the team will not be in on the first wave of free agency come March. The team currently features the NFL’s fifth-worst 2024 cap situation, though it is poised to enter the draft with a first-round pick for the first time since 2021, when Surtain arrived at No. 9 overall. The Broncos hold the No. 12 pick.

Additionally, free agents-to-be Josey Jewell and P.J. Locke would prefer to stay in Denver, Tomasson adds. Jewell played out a two-year, $11MM deal and has now started 58 games since being chosen in the 2018 second round. Locke ended up usurping Kareem Jackson to become a starting safety, making an impact as a blitzer during Denver’s five-game win streak. Jewell and Locke, a former UDFA, could see their statuses complicated by other contracts at their respective positions. Justin Simmons is attached to a $15.25MM-per-year deal, though that through-2024 pact contains no more guaranteed money, while Denver gave top tackler Alex Singleton a three-year accord worth $18MM in 2023.

The Broncos stood pat at the trade deadline, but Jewell’s name may have come up. The Cowboys targeted linebacking help last October, and ESPN.com’s Ed Werder notes they discussed a deal with the Broncos. It is not known if Jewell or Singleton was Dallas’ target, though the former was in a contract year. The Cowboys later pursued Shaquille Leonard, seeing him sign with the Eagles. Jewell and Singleton have been the Broncos’ ILB starters for two seasons.

49ers Pursued Trade For Broncos CB Patrick Surtain

Backing off their previously designated “open for business” status at the trade deadline, the Broncos did not end up moving anyone beyond stripping their roster of veteran defensive ends Randy Gregory and Frank Clark. The team nevertheless fielded extensive inquiries into its top players.

While Justin Simmons and Jerry Jeudy generated interest, the latter drawing an offer of third- and fifth-round picks, Denver stood down. Even as the team was believed to be nearing sell mode after a 1-5 start, it was never believed to be open to trading its top player. But clubs still contacted the Broncos to see what it would take for them to move Patrick Surtain. At least three made offers. The 49ers may have been one of them.

San Francisco pursued a few corners at the trade deadline, being one of the initial teams reported to have negotiated with the Bears on Jaylon Johnson. The 49ers also discussed Nate Hobbs with the Raiders, but the San Francisco Chronicle’s Eric Branch indicates the team pursued Surtain as well. The Oct. 31 deadline came with the 49ers mired in a three-game losing streak, as the team played multiple games without Trent Williams and Deebo Samuel. But pass defense issues loomed as well.

This particular target was never especially realistic, with a separate November report noting the Broncos set a two-first-rounder price to even begin a serious conversation about a Surtain trade. The Jaguars received that haul for Jalen Ramsey in 2019, with the All-Pro seeking a path out of Jacksonville. Surtain, meanwhile, solidified himself as a Broncos cornerstone last season by becoming a first-team All-Pro corner — the franchise’s first such achievement at the position since Chris Harris and Aqib Talib each earned that distinction in 2016. Surtain, 23, will be signed through 2025 once the Broncos pick up his fifth-year option by May.

The 49ers, who did not add a corner at the deadline, swung for the fences on Surtain because they were concerned about the performances of Ambry Thomas and Isaiah Oliver, Branch adds. But the team, which is now riding a three-game win streak, has seen post-deadline improvement from the former. A 2021 third-round pick, Thomas has been the 49ers’ No. 3 during their recent surge. He has checked in as a part of San Francisco’s nickel package, working as a boundary corner and kicking Deommodore Lenoir into the slot in that frequently used package.

Pro Football Focus now rates Thomas as the 49ers’ top corner this season, slotting him 11th after 11 games. Oliver, who signed to play the slot role this offseason, has seen his usage significantly minimized. The ex-Falcons second-rounder has played a combined six defensive snaps over the past three games.

Denver’s lone in-season trade came with San Francisco, which acquired Gregory in a late-round swap of 2024 picks. Gregory has played a rotational role for the 49ers, who made a bigger move by obtaining Chase Young less than hour before the deadline. That deal came after the Commanders reduced their asking price on the former No. 2 overall pick. Gregory has one sack and four QB hits since joining the 49ers, working exclusively as a backup.

Three Teams Made Trade Offers For Broncos CB Patrick Surtain

Following their walk-off win over the Bills, the Broncos may have made the right decision in standing pat at the trade deadline. The team has gone from 1-5 to 4-5 in Sean Payton‘s first season, now residing in a glut of AFC teams vying for wild-card spots. While offers came in for Jerry Jeudy, teams also explored Patrick Surtain.

Leading up to the deadline, the Broncos had made it fairly clear they were not looking to move Surtain. They are believed to have set the price of two first-rounders to even begin discussions, but ESPN.com’s Adam Schefter notes seven teams still contacted the Broncos regarding the All-Pro cornerback’s availability. Three of those made offers.

None of the proposals moved the needle, with Schefter adding the Broncos did not consider trading their top player. Surtain is off to a strong start, joining Dallas’ Micah Parsons and San Francisco safety Talanoa Hufanga as the only first-team All-Pros from the 2021 draft class. Surtain, 23, staying on his current course will call for an easy fifth-year option decision by May and put him on track for a record-setting extension.

It took two first-rounders for the Jaguars to trade Jalen Ramsey in 2019, his fourth season. But Ramsey had aimed to be moved; no speedbumps have occurred during Surtain’s time in Denver. The second-generation corner can be kept on his rookie contract, once the fifth-year option becomes official, until 2025. Payton’s team kept Marshon Lattimore on his rookie deal through his 2021 option year; Surtain on this contract represents one of the most valuable commodities in the game.

Surtain also has some pre-Denver ties to both the Broncos’ current power brokers. Broncos GM George Paton was a Dolphins exec during part of Patrick Surtain Sr.‘s tenure in Miami, and the Saints attempted to trade up for the Alabama prospect in 2021. The younger Surtain went to the Broncos at No. 9 overall that year.

Some around the Broncos’ organization view Surtain as the most talented corner they have come across, Schefter adds. The 2022 All-Pro most recently displayed his coverage prowess against Stefon Diggs on Monday night. The Broncos have enjoyed talented corners for most of this century. Chris Harris collected three All-Pro nods and is on the short list for top slot corners in NFL history, while Aqib Talib was 4-for-4 in Pro Bowls as a Bronco. Although it is early, Surtain’s career arc is closer to Hall of Famer Champ Bailey‘s. The Broncos rostered the first-ballot Hall of Famer for 10 seasons, but they did not acquire the perennial Pro Bowler until his sixth year — via the 2004 Bailey-Clinton Portis swap.

While contract talks or a potential franchise tag situation down the line could change this relationship, it should be expected Surtain’s rookie deal will turn into a mega-extension at some point in the mid-2020s.

Additionally, Schefter said Monday night the Broncos received an offer of third- and fifth-round picks for Jeudy. The team had held out for a first-rounder this offseason, and although Darius Slay went for this picks package years ago, the Broncos have Jeudy signed through 2024. Interest cooled in the Alabama alum, who has been inconsistent this season. But the Broncos still received a reasonable offer for a player without a 1,000-yard season on his resume. They could certainly revisit trade talks next year, considering how frequently Jeudy’s name has come up in trade rumors. For now, they will move forward with the former first-round pick.

Broncos Set High Price On Patrick Surtain

During the leadup to the trade deadline, Patrick Surtain appeared untouchable. In the aftermath, it certainly looks like those reports depicting the Broncos’ belief in the All-Pro cornerback from a long-term perspective were accurate.

That said, the Broncos did set a price for the third-year standout. As teams called on a player deemed out of reach, Denver is believed to have asked for two first-round picks in exchange for Surtain, according to a GM who spoke with the Washington Post’s Jason La Canfora. And that cost may not have even sealed a deal. The Broncos set a two-first-rounder baseline for their best player, making it unlikely he would become a true candidate to be moved.

Surtain rocketed to the top tier at his position via a first-team All-Pro showing in 2022, doing plenty to help the Broncos stay in games despite a broken offense. The 23-year-old cover man can be kept on a rookie contract through 2025, with the Alabama alum on a smooth track toward seeing his fifth-year option exercised by May.

The elite perimeter corner has also played a key role in the Broncos recovering from their historic 70-20 loss to the Dolphins. In particular, the team’s first win over the Chiefs since 2015 may have changed the Broncos’ thinking. The 3-5 team shifted a bit on seller’s trades after that win, according to the GM. The Broncos were believed to be “open for business;” that turned out not to be the case.

Justin Simmons also came up frequently in teams’ talks pre-Week 8 talks with the Broncos, and it would not have taken as much to pry away the eighth-year safety. But the standout DB did not emerge in many trade rumors, despite his status as one of the league’s top ballhawks. The Jerry JeudyCourtland Sutton pair came up frequently, but the Broncos will regroup with their starting receivers, perhaps with the intent of seeing each rebuild their trade value. Offers for Jeudy and Sutton did not come close to the team’s desired asking prices. Deadline-day proposals are believed to have come in, but Sean Payton‘s updated stance of not shopping anyone turned out to lead to a rare quiet deadline day in Denver.

While Denver’s defense has recovered after a woeful start, the team’s five first-half losses will create an uphill battle toward a potential wild-card berth. The team still has road matchups with the Bills and Lions on its docket. But the Broncos’ batch of trade chips, for the most part, are all under team control through at least 2024. Garett Bolles‘ deal expires after next season, as does Simmons’. Jeudy is due a $12.99MM fifth-year option salary next season, while Sutton’s $15MM-per-year pact runs through 2025.

Russini’s Latest: Broncos, Jets, Eagles

Dianna Russini of The Athletic has been especially prolific with respect to trade deadline reporting. As we approach the October 31 cutoff, here are a few of Russini’s latest updates from around the league (subscription required):

  • Broncos wide receivers Courtland Sutton and Jerry Jeudy have once again featured prominently in this year’s trade rumors. However, a deal has never felt imminent, and none of the current offers that Denver has received have come close to the club’s asking price. One general manager who has spoken with the Broncos told Russini that the team is not “selling cheaply.” Russini confirms previous reports indicating that cornerback Patrick Surtain is not available, despite understandable outside interest in his services.
  • We heard yesterday that the Bills could be looking to move 2022 first-rounder Kaiir Elam, and Russini reports that Buffalo is looking into cornerback additions. She does not say so specifically, but it could be that the Bills are looking for a replacement for Elam, who has not yet lived up to his draft status.
  • Rich Cimini of ESPN.com confirms that Jets GM Joe Douglas is willing to move running back Dalvin Cook and edge defender Carl Lawson, especially after both players recently expressed frustration with their current roles. Unsurprisingly, though, Russini reports that Douglas is not getting many calls on either player. Lawson is a healthy scratch for today’s game against the Giants.
  • Echoing her report from earlier this month, Russini writes that the Cardinals are still not looking to trade wideout Marquise Brown, even though they have received trade interest in the contract-year speedster.
  • They might be low on cap space, and they might have already made one significant trade acquisition in safety Kevin Byard, but Russini says the Eagles are still looking to buy and are interested in a linebacker. The 49ers are also working the phones and have interest in an edge rusher and a cornerback.
  • Unlike the Eagles and Niners, the Chiefs, Falcons, and Texans are among the clubs that are expected to stand down at the deadline.

Teams Calling Broncos On Patrick Surtain

The Broncos have a number of veterans who could be of interest in trades. Jerry Jeudy, Courtland Sutton, Garett Bolles, Justin Simmons and Josey Jewell reside among them. But Patrick Surtain may sit multiple tiers above his teammates as a potential trade chip.

Although previous reports have indicated the Broncos have no interest in moving their All-Pro cornerback, SI.com’s Albert Breer notes teams have called about the third-year defender. Surtain is signed through 2024, but the former top-10 pick will be locked down through 2025 once the Broncos pick up his fifth-year option by May.

[RELATED: Latest On Broncos’ Deadline Plans]

Then-rookie GM George Paton faced criticism after passing on Justin Fields at No. 9 overall in 2021, but the Surtain investment has doubled as the veteran exec’s best move with the Broncos. The second-generation NFL cornerback has been a revelation in Denver, sliding in as one of the league’s best defensive players. Surtain, 23, finished last season as a first-team All-Pro. While both Chris Harris and Aqib Talib earned that distinction in Denver in the years since Champ Bailey‘s retirement, neither was a candidate to become the NFL’s highest-paid corner. Surtain moved into that territory last season and remains the team’s cornerstone piece to start Sean Payton‘s HC tenure.

It is logical for teams to contact the Broncos on Surtain, seeing as they are 2-5 and starting a new era. Paton remains, but Payton is widely viewed as the top power broker in Denver now. Payton was in place when the Saints extended Marshon Lattimore; New Orleans paid Lattimore in September 2021, at the start of his fifth season. Surtain will become extension-eligible in January, though the Broncos having him under team control (via the fifth-year option) may delay a payment until 2025. Regardless of when Surtain is paid, he stands to become one of the NFL’s richest defenders.

Should the Broncos reverse course and consider dealing away their top player, a Jalen Ramsey-like package may be necessary to move the needle. The Rams sent the Jaguars two first-rounders for Ramsey in October 2019, ending a standoff between the fourth-year corner and the Jags. It cost the Buccaneers first- and fourth-rounders to acquire Darrelle Revis in 2013. In a different era (for running back value, at least), Denver needed to send Washington only running back Clinton Portis for Bailey and a second-round pick. That trade occurred in March 2004. Bailey spent 10 seasons in Denver, which added Harris near the end of the Hall of Famer’s run and signed Talib shortly after cutting Bailey. Surtain effectively took the baton soon after Harris’ exit and, barring a trade, should be expected to anchor Payton’s defenses beyond 2023.

Broncos, Colts Discussed Jerry Jeudy; Courtland Sutton Less Likely To Be Dealt?

One of the NFL’s trade-rumor fixtures over the past two years, Jerry Jeudy may be in his final days with the Broncos. The 1-5 team is believed to be open for business on several players, and the 2020 first-round pick’s name continues to come up.

The Colts have been connected to Jeudy during this season’s first half, with ESPN.com’s Stephen Holder noting the Broncos called the AFC South team on the fourth-year wide receiver and other players earlier this season. The Colts expressed minimal interest, per Holder, and the longtime Indianapolis reporter doubts a deal will come to pass.

Conversely, 9News’ Mike Klis adds it was the Colts who contacted the Broncos on Jeudy and others. While it appears quite clear the two AFC teams spoke on possible trades, Indianapolis having shut down Anthony Richardson may make a move less likely for a team coming off a one-sided loss in Jacksonville.

The Colts have Michael Pittman Jr. in a contract year, and after paying Jonathan Taylor, the team’s plans with the former second-round pick are unclear. Pittman is prepared to depart in 2024, should the organization not view him as a core piece any longer. Indy also used a second-round pick on Alec Pierce last year and a third-rounder on slot target Josh Downs. Pierce has just 149 receiving yards through six games, while Downs (276) is faring better in Shane Steichen‘s offense. Jeudy has shown the ability to play both in the slot and outside in Denver, but the shifty route runner has not been an especially consistent weapon despite his profile.

Indy would make some sense as a Jeudy suitor, but this may not be the right time for the team to buy. But Richardson’s rookie contract would give the Colts flexibility on the talented but inconsistent wideout’s $12.99MM fifth-year option salary. Teams are believed to be hesitant on picking up that fully guaranteed sum, providing a potential impediment toward the Broncos moving Jeudy.

Compensation represents another roadblock. The Broncos are believed to have sought a second-round pick ahead of last year’s deadline but bumped up their price to a first during Sean Payton‘s first offseason in charge. With Jeudy’s 222 receiving yards third on this year’s Denver iteration, a first-rounder never seemed remotely possible. In fact, multiple teams informed ESPN’s Jeremy Fowler that they would be reluctant to part with a Day 2 pick for Jeudy. However, others indicated a late third-rounder could be on the table due to the talent Jeudy has shown in spurts.

Eleven days away from the 2023 deadline, it looks like Jeudy is the more likely Broncos wideout to be dealt. Courtland Sutton has come up frequently in trade talks, though not as often as the younger Broncos receiver, but Fowler and Fox Sports’ Ralph Vacchiano note Jeudy is more likely to be the receiver Denver moves.

The Broncos placed a second-round price on Sutton this offseason, but the 28-year-old target is attached to a $14MM base salary. Jeudy is tied to a $2.68MM base, though his 2024 salary does complicate matters. Sutton is signed through 2025, with nonguaranteed salaries of $13MM and $13.5MM in place past this year. The 6-foot-4 starter’s deal would seemingly be harder to move, but the Broncos’ George Paton-era willingness to eat the bulk of trade chips’ salaries to facilitate deals — as they did with Von Miller and Randy Gregory — could conceivably be a factor with Sutton or other trade pieces on veteran contracts.

The Broncos continue to be viewed as open for business on most of their players. Mentioned as unlikely to be moved earlier this month, Patrick Surtain remains a near-certainty to stay in Colorado past the deadline. Fowler adds NFL personnel laughed at the notion the All-Pro cornerback could be available. While Surtain (whose contract will run through 2025 once the Broncos exercise his fifth-year option) will almost definitely not be on the move, the Broncos will likely make others available. Names like Justin Simmons and Garett Bolles have circulated as options, though Jeudy remains the centerpiece item based on buzz from the 2022 deadline and this offseason.

Broncos ‘Open For Business’ In Trades?

On the whole, the Broncos’ offense has submitted far more competent work compared to a perplexing 2022 season. After finishing last in scoring last season, Denver is 10th through five games. But the defense — a reliable facet for most of the franchise’s post-Peyton Manning years — has faceplanted, ranking last across the board and leading the way in a 1-4 start. Naturally, teams are monitoring the Broncos ahead of the trade deadline.

Denver has made a habit of selling at recent deadlines, unloading Demaryius Thomas (2018), Emmanuel Sanders (2019), Von Miller (2021) and Bradley Chubb (2022). They have already cut bait on Randy Gregory, dealing him to the 49ers. Reports ahead of Week 5 indicated the Broncos were not preparing to be early sellers and that offensive players were not in line to be moved, but after the team dropped another home game, it appears potential buyers believe the retooling squad will be prepared to move assets.

Teams believe Denver will be “open for business” in trades, per Dan Graziano of ESPN.com, who indicates the team is prepared to listen to offers. While recent reports pointed to the Broncos not being ready to unload key offensive pieces, Graziano adds the team is expected to once again listen to offers for Jerry Jeudy and Courtland Sutton along with talent on defense. The Broncos are not interested in trading Patrick Surtain, per Graziano, as the franchise naturally views the All-Pro cornerback as a building block. But Denver supporting-casters are likely to come up frequently in rumors, especially if the team’s losing streak against the Chiefs continues Thursday night.

We’re not looking to do business with any of our players. That doesn’t prevent teams from calling at times, so we just — you pick the phone up, that’s kind of where it’s at,” Sean Payton said, via ESPN.com’s Jeff Legwold. “We’ve got a good handle on this current roster and our vision for the roster a year from now, that’s the part about improving and getting better.”

GM George Paton was at the controls when the team unloaded Miller (for second- and third-round Rams picks) and Chubb (for Dolphins first- and fourth-rounders, with Chase Edmonds included as salary filler). The third-year GM is almost definitely second in command to Payton this year, and with the longtime Saints coach not present when the most of the team’s trade pieces were initially acquired, it is logical to expect the Broncos to strongly consider moving talent before the Oct. 31 deadline. Players are leery of a potential teardown, NFL.com’s James Palmer notes.

Confirming a weekend report that Frank Clark is likely available, Palmer adds players took notice at the Gregory trade. The Broncos cut an edge rusher who began the season as a starter, agreeing to pay almost all of Gregory’s salary — a tactic they used with Miller to increase trade compensation from the Rams — to convince the 49ers to acquire him. The Broncos accepted a Day 3 pick swap in 2024 for Gregory, who is tied to a five-year, $69.5MM contract. The team will undoubtedly be looking for better returns for other trade chips.

Jeudy and Sutton came up as chips early this offseason, with the Broncos wanting a first-rounder for the former and a second for the latter. The Broncos engaged in “a lot” of conversations about Jeudy and Sutton this offseason, Graziano adds, and the Ravens moved close to acquiring Sutton before their Odell Beckham Jr. signing. Based on the starters’ early-season showings, those asks seem farfetched. Jeudy has totaled 208 receiving yards in four games; Sutton is at 229 in five. Both have submitted better work, but neither has been consistent in Payton’s offense just yet.

Payton’s Saints teams relied on WR1s Marques Colston and Michael Thomas, but his first Broncos squad has spread the ball around. Second-round rookie Marvin Mims leads the team in receiving yards (246), despite being a part-time player on offense. Moving one of the regulars would open the door for Mims, though the Oklahoma-developed deep threat has a clear WR3 window as is. Nevertheless, he has only played 28% of the Broncos’ offensive snaps.

Left tackle Garett Bolles has come up loosely in rumors in the past, including over the weekend, and the Broncos do have swingman Cameron Fleming as insurance. Though, the team experienced rampant O-line health issues last season. Bolles has recovered from the broken leg that ended his 2022 campaign, starting all five games this year. Bolles, 31, is a seventh-year starter who is signed through 2024. Eighth-year safety Justin Simmons turns 30 next month; his $15.25MM-per-year contract runs through 2024. The Pro Bowler is tied to a $14.4MM base salary.