The Broncos acquired kicker Brandon McManus (6-3, 201) from the Giants in exchange for a conditional 2015 seventh-rounder.
According to Mike Klis, Denver will only owe New Jersey the pick if McManus remains the Broncos' starting placekicker beyond Matt Prater's four-game suspension.
The Giants were set to waive McManus after naming Josh Brown their starting kicker, but apparently got wind that their NFCE rival Eagles were interested in the youngster.
The 23-year old has averaged a whopping 71.92 yards on 25 kickoffs (via PFF) over the past two preseasons (some indoors, and all at sea level). 18 of those 25 kickoffs went for touchbacks, including 10 of 11 this year.
During that same period, he made all three of his FG attempts.
A native of Philadelphia, McManus has reportedly made a 75-yard field goal in practice.
Said Giants coach Tom Coughlin on Tuesday:
I think Brandon will kick in this league. He's a very powerful young man. Needs a little bit of work on the finer kicks, but certainly he demonstrated his ability to kick it through the back of the end zone.
He'll figure to draw a $420K salary ($420K cap) this season, which is less than one-seventh of Prater's $3M number ($3.8125M cap).
McManus signed with Indy as an undrafted rookie out of Temple in 2013 but was unsurprisingly beaten out by Adam Vinatieri. He also served as the Owls' punter during his junior and senior seasons, and majored in biology (pre-med) at Temple.
To create room for McManus, Denver waived kicker Mitch Ewald, who had backed up Prater throughout camp and the preseason.