According to Mike Klis of 9News, the Denver Broncos and wide receiver Tim Patrick have agreed to a reworked one-year deal. With many veterans moving on from Denver this offseason, they were able to keep one of them on a restructured deal.
Per source, Broncos and veteran WR Tim Patrick have agreed on a reworked one- year deal. Too good a leader for team to let him go. #9sports
— MikeKlis9NEWS (@mikeklis9news) March 8, 2024
Patrick, 31, had a cap number of $15.5 million in 2024 and after back-to-back seasons on injured reserve the Broncos were clearly going to be looking to bring that number down.