The Broncos have replenished their veteran TE presence following the departures of Daniel Fells and Dante Rosario by agreeing to terms with former Texan Joel Dreessen.
Dreessen (6-4, 245), who will turn 30 this summer, attended Fort Morgan High School and Colorado State University before being drafted by the Jets in the sixth round of the 2005 Draft. He's started 35 of the 91 games he's played in, amassing 110 receptions, 1,364 yards, and 13 touchdowns, with a career-high six scores in 2011.
Tracy Porter's biggest NFL moment came at the expense of Peyton Manning on the biggest stage in American sports. Now, the two will be wearing orange together.
Porter (5-11, 186), whose interception of Manning and subsequent touchdown in SB 44 finished off the Colts' bid for a second championship in four seasons, agreed to join the Broncos on a one-year deal, it was reported.
The 2008 second-rounder (40th overall, Indiana) started 39 of the 43 games he played in during four seasons with the Saints, compiling 194 tackles, one sack, 32 passes defensed, seven interceptions, and four forced fumbles along the way.
Contrary to previous reports, the Broncos did what was in their self interest as an organization.
Vic Lombardi reports:
NEWS: I can confirm the Jets offered the better draft picks. The Jags package was less attractive. The Broncos chose the Jets.
Mike Klis confirmed this:
Jags offered same $2.53 million rebate as Jets. No more. Difference was Jets gave 6th to Broncos in return for 7th. A 40-plus move up.
Lombardi also confirmed that neither Tebow nor his brother Robby had any input into the trade.
Adam Schefter is reporting on ESPN that the Broncos and Jets have again agreed to a deal that will send Tim Tebow and a seventh-rounder from Denver to New Jersey in return for a fourth- and sixth-rounder. The Jets had announced the same trade earlier in the day but had not yet read the details of the quarterback's contract; at issue was the $6,277,500 guarantee Denver had paid Tebow last summer.
$5,036,250 of that figure covered Tebow's 2012-2014 salaries, and as is customary with such advances, any team acquiring Tebow would owe the Broncos a refund on the salary already paid but not yet earned. Instead, the Jets and Broncos have agreed to split the difference, meaning the Jets will be sending Denver about $2.5M to complete the deal.
According to Schefter, the Jaguars had jumped back into the bidding after the initial deal fell through, and were willing to pay most or all of that $5,036,250 figure. Schefter reports that Tebow ended up having some input into where he landed, and he chose the Jets, despite wide assumptions he preferred to go home to Florida.
According to Jason Cole, the Broncos have signed former Bengals WR Andre 'Bubba' Caldwell (6-0, 190) to a two-year deal. Caldwell, who was drafted by Cincinnati in the third round of the 2008 Draft, has 124 catches for 1,172 yards and six touchdowns in 51 career games, 14 of them starts; he turns 27 next month.
Per Vic Lombardi:
Twitter has turned this job into verbal sportstalk radio. I love it. Still waiting on Tebow. Sounds like Jets are trying to make it work.
More to follow. Not sure if Vic is 95% sure the Jets are trying.
Denver and Jets have encountered hangup in language in Tim Tebow's contract that could nullify trade. If the Tebow trade to Jets falls apart, St. Louis could wind up getting back into play. Sides sorting through details. Tim Tebow has $5 million worth of recapture language, meaning Jets would have to pay back money to Denver. Jets might be unwilling. Complex. The same money issues in Tim Tebow's contract caused complications for Jacksonville trying to complete trade. Now Jets facing them.
This is a surprising development, especially since Tebow and Jets coach Rex Ryan share the same agent, Jimmy Sexton.
Brodrick Bunkley has spurned the Broncos' efforts to re-sign him, choosing instead to join the coachless Saints; Lindsay Jones says the team had been optimistic last night they would retain the 28-year-old tackle. According to Adam Schefter, Bunkley has agreed to a five-year deal with $9M in guarantees.
Bunkley had helped revitalize Denver's defense in 2011; according to PFF, he was the third-rated defensive tackle in the NFL overall, and the best against the run. The Broncos had acquired Bunkley last summer in exchange for a conditional 2013 draft choice believed to be a sixth- or seventh-rounder.
Roger Goodell has delivered his verdict on the Saints' institutionalized bounty system, and the punishment will be severe:
Player punishments have not yet been determined.
A day after signing Peyton Manning to a five-year deal, the Broncos have agreed to trade Tim Tebow and their seventh-round choice in April's draft to the Jets in return for New Jersey's fourth- and sixth-rounders. However, the deal has encountered a snag, as the Jets are apparently balking at language in Tebow's contract.
As of now, the Broncos now have one pick in each of the first, second, third, fifth, and sixth rounds, plus two in the fourth round. Denver's own fifth-rounder went to Cleveland to complete the Peyton Hillis/Brady Quinn deal, while the team acquired the Rams' fifth-rounder in return for WR Brandon Lloyd. The Broncos' own sixth-rounder went to the Eagles in return for LB Joe Mays, who was re-signed earlier in the week.