The Denver Broncos reached agreement on a two-year deal to retain quarterback Jarrett Stidham, according to multiple reports on Sunday night.
The Denver Post reported that the deal is worth up to $12 million with $7 million guaranteed.
Keeping Stidham was pivotal for the Broncos as they keep continuity in the quarterback room after Bo Nix stood out as a rookie last season.
Both Stidham and third-stringer Zach Wilson were slated to become free agents.
Stidham, 28, competed for the starting position last summer before it became clear to head coach Sean Payton that Nix was ready to play.
Nix performed so well as a rookie that Stidham never threw a pass last season. He appeared in three games.
In 2023, Stidham appeared in three games (two starts) for the Broncos and passed for 496 yards, two touchdowns and one interception.
Stidham entered the NFL as a fourth-round pick of the New England Patriots in 2019. He has passed for 1,422 yards, eight touchdowns and eight interceptions in 19 games (four starts) for the Patriots (2019-21), Las Vegas Raiders (2022) and Broncos.
Denver also agreed to a three-year deal with long snapper Mitchell Fraboni on Sunday. The Post said Fraboni’s deal is worth $4.175 million with $1.6 million guaranteed.
Fraboni, 28, is entering his fourth season with the Broncos.
