Broncos Deal With WR Josh Reynolds: Contract Details & Grade

Josh Reynolds signed for much less than was initially reported, but what did the Denver Broncos agree to pay him?

Just when you thought the Denver Broncos were done with free agency, they signed another player to a multi-year deal. The Broncos gave former Detroit Lions wide receiver Josh Reynolds a two-year deal this past week.

Let's examine the details of Reynolds' contract and see whether the Broncos got their money's worth.

Contract Details

Summary: Two years, $9 million, $4.25M fully guaranteed, $5M in incentives available.

Contract Breakdown

• 2024: $2M signing bonus (fully guaranteed), $2.245M base salary, $255K per-game roster bonus.

• 2025: $3.99M base salary, $510K per-game roster bonus.
  
  

Cap charges: $3.5M in 2024, $5.5M in 2025.

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Gut Reaction

Initial reports that Reynolds was getting "up to $14M" should have tipped people off that his deal would have many incentives. That's exactly what happened, as $5M of the contract is tied to incentives.

As far as the guaranteed money goes, Reynolds only has such money in 2024, while nothing is promised for 2025, making it a favorable deal for the Broncos. If Reynolds proves his worth in 2024, he has the chance to earn more money. If not, the Broncos can easily move on in 2025 without having committed a lot.

Kudos to the Broncos front office for getting this deal done. It's a good example of how to minimize risk, yet give the player an opportunity to earn more based on his play.

Contract Grade: A-

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