The Denver Broncos made a late but very savvy free agency move recently, signing WR Josh Reynolds on a shockingly cheap deal. The team traded Jerry Jeudy to the Cleveland Browns for a couple of draft picks, and replaced Jeudy's spot on the roster with former Detroit Lion, Josh Reynolds.
The team gave Reynolds a two-year deal. Here are some of the contract details:
Josh Reynolds’ two-year deal with the Broncos is essentially two-years, $9M with $4.245M guaranteed, per Over the Cap.
— Zac Stevens (@ZacStevensDNVR) March 30, 2024
Incentives can make it a max value of $14M.
He has a $3.5M cap hit in 2024.
Furthermore, the deal can actually just be for one year, as the Broncos could save $4.5 million on their 2025 cap number while only incurring $1 million in dead money by cutting him. He's also got no guaranteed salary from the Broncos in 2025, which is all according to Over The Cap. The value of the contract is just $4.5 million. That ranks as the 48th-richest WR contract in the NFL. Beyond that, not only is Josh Reynolds a quality pass-catcher, but he's an extremely efficient player in contested catches and a very solid run blocker.
Twitter user Robby_NFL outlined how strong of a fit Josh Reynolds is for Sean Payton's offense:
Josh Reynolds is the perfect Sean Payton receiver. Big frame who can play outside but imo he’s most talented working inside.
— Robby (@Robby_NFL) March 27, 2024
36% of his snaps last season were in the slot (highest of his career), easily one of the better blocking receivers in the game. He’s a really damn good… https://t.co/dmbEh93shs
In 2023 with the Detroit Lions, Reynolds caught 40 passes for 608 yards and five touchdowns, averaging over 15 yards per reception. He's a versatile receiver with a strong big-play ability who also is a very seamless fit into the offense. And the Broncos got him for pennies on the dollar. It's hard to not love this signing.
If it doesn't work out in 2024, the Broncos can easily cut him in 2025 with just $1 million in dead money. If he does work out, we'll likely see Reynolds carve out a complimentary role in the passing attack and show strong ability as a run blocker as well. More than anything, Josh Reynolds is a great fit for the offense. He isn't going to put up 900 receiving yards and eight scores, as that's not the type of receiver he is, but for the Broncos offense, he fits in nicely.