According to Adam Schefter, the Broncos will sign former Browns safety T.J. Ward.
The Plain Dealer's Mary Kay Cabot reports that Denver landed the 2013 Pro Bowler for an average of just $5.5M per year.
The 27-year-old former Oregon Duck started his NFL career alongside Mike Adams, whom he might be replacing in Denver's secondary.
Taking over for Ward in Cleveland is Donte Whitner, who will reportedly get $7M/year in a four-year deal.
Given the low average value, we're figuring a large portion of the deal will be guaranteed.
Indeed, Mike Klis reports that Ward will receive $14M in guarantees as part of a four-year, $23M deal ($5.75M/year).
Wrote John Elway on Twitter:
Excited to announce we've agreed to terms with strong safety T.J. Ward. He'll bring energy and toughness to our secondary.— John Elway (@johnelway) March 11, 2014
For more on Ward, see our story from Sunday.