ENGLEWOOD, Colo. (AP) Denver Broncos rookie quarterback Paxton Lynch signed a four-year deal worth approximately $9.5 million, including about $5 million in a signing bonus, on Thursday.
The Broncos drafted Lynch out of Memphis with the 26th overall pick in the draft after losing Peyton Manning to retirement and Brock Osweiler to Houston, where he signed a four-year, $72 million free agent deal with the Texans.
Lynch is competing with Mark Sanchez and Trevor Siemian for the starting job this summer, but the Broncos are hoping to ease him into the lineup as he adjusts from the spread offense he ran in college to a West Coast offense.
Lynch was the last of Denver's eight-man draft class to reach agreement on a contract. He signed it following the team's final minicamp workout.
AP NFL website: www.pro32.ap.org and www.twitter.com/AP-NFL