Broncos waive Blake, Davis; Vallos, Hester make squad

More news regarding Denver's moves is trickling in, as the deadline to reach the 53-man roster limit is now four hours away.

According to Mike Klis, the Broncos are waiving offensive linemen C.J. Davis and 2012 fourth-rounder Philip Blake.

Meanwhile, Vic Lombardi reports that RB Jacob Hester and C Steve Vallos have made the squad. That means the team will initially carry five running backs - Ronnie Hillman, Montee Ball, Knowshon Moreno, C.J. Anderson, and Hester - we'll see if Hester sticks once Anderson returns from his MCL sprain.

Lynch: Broncos didn’t know they wanted Wes Welker until Welker called them

Old friend John Lynch shared a fascinating story on how Wes Welker came to become a Denver Bronco this offseason. Here's what he tells Jay Glazer:

It went quietly - (adding Welker) wasn't a priority (for Denver) - they've got two pretty good receivers. But Welker picked up the phone; we share the same agent, and we're buddies. 

He said, "John, would you talk to your buddy Elway, and just let me talk to him? Get me on the phone with him, and I'll sell him on why I can help Denver win a Super Bowl. There's two places I'm playing: New England and Denver, because I'll either play with Tom or Peyton. Just let me get on the phone."

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Broncos making final cuts on way to 53-man roster

According to Mike Klis, the Broncos have cut running back Lance Ball and waived wideouts Gerell Robinson and Lamaar Thomas, linebacker Damien Holmes, cornerback Aaron Hester, and lineman Ben Garland.

Ball lost out to undrafted rookie C.J. Anderson, who has made the 53-man roster despite a sprained MCL that's kept him out of action for the past two weeks. Vic Lombardi reports that Anderson is expected to be at full speed in two weeks or sooner.

Updated 11:30pm ET

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NFL, ex-players settle for $765M

The NFL has agreed to pay $765M to settle lawsuits brought by over 4,500 former players and their families regarding the league's handling of head injuries.

The settlement, which has not yet been filed, and must be approved by Judge Anita Brody, was brought about by mediation ordered by Brody in July.

It's reported that $675M of the $765M will go toward compensating ex-players and the families of deceased players who have suffered cognitive injury.

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Quinton Carter to IR, Walton to PUP

Hours in advance of the NFL's deadline, the Broncos have gotten down to the 75-man roster limit by placing safety Quinton Carter on irrevocable injured reserve and center J.D. Walton on the regular-season PUP list.

Carter has struggled with health problems since late in the 2011 season, when he injured his left knee against the Patriots. He was placed on IR after just three games in 2012.

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Broncos cut roster to 77; two more cuts due by Tuesday

In advance of Tuesday's 4pm ET deadline to cut down to 75 players, the Broncos have announced 11 transactions, bringing the roster to 77.

Wide receivers Greg Orton and Quincy McDuffie were waived/injured; Orton suffered a high ankle sprain on the last play of Denver's August 3 scrimmage, while McDuffie had been slowed by a hamstring problem.

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Broncos acquire Moffitt, whose health wasn’t good enough for Browns

The Browns had agreed to trade DE Brian Sanford to the Seahawks in exchange for guard John Moffitt on Monday, but health concerns surrounding the former third-rounder convinced Cleveland to cancel the deal on Tuesday.

Seattle wasted no time finding a new trade partner, and has instead sent Moffitt to Denver in exchange for DT Sealver Siliga.

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Von Miller to serve six-game suspension

Superstar linebacker Von Miller has been suspended six games without pay by the NFL for having violated the league's substance abuse policy.

As this was a negotiated suspension, Miller will not appeal.

He will miss the first six games of Denver's regular season: versus Baltimore, at the Giants, versus Oakland and Philly, at Dallas, and against Jacksonville.

During his suspension, Von may not practice with the team or attend games, but he may participate in team meetings and work out at Dove Valley.

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Broncos add 35-year-old linebacker Paris Lenon

Facing a shortage a linebacker due to the looming suspension of Von Miller and wrist surgery for Stewart Bradley, the Broncos have reportedly signed 35-year-old Paris Lenon to shore up the group.

In 11 seasons with the Packers, Lions, Rams, and Cardinals, Lenon has started 122 of the 175 games in which he's appeared, including 48 consecutive starts with Arizona over the past three years.

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Kuper’s salary cut from $4.5M to $1.05M

The Broncos have essentially converted the $1.05M injury settlement Chris Kuper would have been due into a guaranteed salary for 2013. The reworked deal saves Denver $3.45M in cash and against the cap.

According to Mike Klis, Kuper can earn an additional $1.7M in incentives, while his 2014 and 2015 (nonguaranteed) salaries remain unchanged.

This is a win for the Broncos; as for Kuper, he had hardly any choice in the matter.