Denver Broncos

The Denver Broncos signed P Trenton Gill. (Source: Ian Rapoport on Twitter)

Fantasy Impact: Gill had been waived by the Bears earlier in May after they drafted a punter last month. He'll compete for the starting punter spot throughout camp.

The Denver Broncos signed WR Phillip Dorsett II. (Source: Ryan McFadden on Twitter)

Fantasy Impact: The Broncos sign Dorsett just a few days after they released him. He will compete for a roster spot throughout camp.

Ben DiNucci has been released by the Broncos after spending the past year on the practice squad. (Source: Ari Meirov on X)

Fantasy Impact: DiNucci's release leaves the Broncos with three quarterbacks under contract: Jarrett Stidham, Zach Wilson, and Bo Nix. As OTAs continue throughout the summer, more information will come out regarding the pecking order of the Broncos' quarterback room.

The Denver Broncos have selected WR Devaughn Vele with the No. 235 overall pick in the 2024 NFL Draft.

Fantasy Impact: Vele has the ability to play both inside and outside and is a solid route runner. His 4.47 40-yard dash time indicates that he could carve out a role as a depth wide receiver or a returner on special teams.

The Broncos are picking up Pat Surtain II's fifth-year option of $19.8 million for the 2025 season. (Source: Chris Tomasson on X)

Fantasy Impact: It comes as no surprise that the Broncos are picking up the two-time Pro Bowler's fifth-year option. Although the Broncos are looking to add pieces on both sides of the ball, Surtain II remains a tough matchup for opposing wide receivers.

Courtland Sutton did not report to the Denver Broncos' voluntary workouts on Monday. The veteran WR is seeking a new contract as he only has two million dollars guaranteed left on his deal. (Source: Tom Pelissero on Twitter)

Fantasy Impact: Sutton's situation will be one to monitor over the off-season. From a fantasy perspective, his 10 touchdowns in 2023 provided great value for managers. If Sutton were to miss time as a result of this contract dispute, the likes of Marvin Mims Jr. and Greg Dulcich would see an uptick in targets.

Justin Strnad is returning to the Broncos on a one-year deal. (Source: Mike Garafolo on Twitter)

Fantasy Impact: Strnad had been close to finalizing a deal with the Panthers, but instead chose to remain with Denver who drafted him four years ago. He should continue to primarily hold a role on special teams.

The Broncos have re-signed WR Lil'Jordan Humphrey to a one-year deal. (Source: Adam Schefter on Twitter )

Fantasy Impact: Humphrey registered 162 yards and three touchdowns on 13 receptions in 17 games with the Broncos last season. With a rebuild going on in Denver, Humphrey could be in line for more targets in 2024.

Adam Trautman is signing back to Broncos on a two-year deal. (Source: Mike Klis on Twitter)

Fantasy Impact: Trautman was traded to Denver last season where he reunited with Sean Payton. He'll remain with the Broncos for two more years, though likely still in a limited role in the receiving game.

The Panthers have agreed to terms with Josey Jewell. (Source: Ian Rapoport on Twitter)

Fantasy Impact: Jewell adds to a number of additions to the Carolina defense in free agency. He recorded 108 tackles last season with the Broncos as well as three sacks.

Malcolm Roach is signing with the Broncos on a two-year deal worth up to $8 million. (Source: Tom Pelissero on Twitter)

Fantasy Impact: Roach made the Saints team as a UDFA and spent the past four seasons in New Orleans. He'll now reunite with Sean Payton in Denver.

Mike Burton agreed to terms to return to the Broncos on a one-year deal. (Source: Jason McCourty on Twitter)

Fantasy Impact: Burton will remain in a primary blocking role for the Broncos under Sean Payton.

Former Denver Broncos kicker Wil Lutz is signing a three-year deal with the Jacksonville Jaguars. (Source: Ian Rapoport on Twitter)

Fantasy Impact: Lutz, a former Bronco and New Orleans Saints kicker, is singing with the Jags. He had a 30-for-43 conversion rate on field goal attempts last season and a 29-for-31 rate on extra points. For his career, he makes 85.2% of his field goals and 97.2% of his extra points.

The Titans are expected to sign C Lloyd Cushenberry. (Source: Ian Rapoport on Twitter )

Fantasy Impact: Cushenberry was widely considered the top free agent center available. The veteran as played 100% of the snaps in three of his four seasons in the NFL and should provide the Titans with some stability on their offensive line.

The Browns have acquired WR Jerry Jeudy from the Broncos for a pair of draft picks. (Source: Adam Schefter on Twitter )

Fantasy Impact: The Browns were interested in acquiring Jeudy at last year’s trade deadline. The 24-year-old should provide the Browns with a much needed dynamic weapon at wide receiver. Jeudy is entering the last year of his contract but could benefit from entering into an offense without a major question mark at quarterback.

The Denver Broncos restructured the contract of Mike McGlinchey. (Source: Field Yates on Twitter)

Fantasy Impact: The move will open $11 million against the cap for Denver. He started every game in his first year with the Broncos last season.

The Denver Broncos released Chris Manhertz. (Source: Nick Kosmider on Twitter)

Fantasy Impact: The Broncos $2.12 million in cap space with a $1.13M dead money hit. Manhertz caught two passes last season with Denver, and will look to land in another depth role.

The Denver Broncos re-signed Quinn Bailey to a one-year deal. (Source: NBCSports.com)

Fantasy Impact: Bailey played in 15 games last season in a limited role. He returns to Denver on the base salary.

Broncos WR Tim Patrick and the team have agreed to a reworked one-year contract. (Source: Mike Klis on Twitter )

Fantasy Impact: The move will keep Patrick with the team and give him an opportunity to return to the field after suffering season-ending injuries in the last two years. The 30-year-old should provide the team with a solid depth receiver if he can stay healthy.

The Denver Broncos are releasing Justin Simmons. (Source: Ian Rapoport on Twitter)

Fantasy Impact: Simmons is a two-time Pro-Bowler and four-time All-Pro. He will immediately become one of the top free agents available beginning next week. He should arguably be the top safety available in a free agent class filled with veterans at the position.