The Broncos picked up the 2024 option on Jerry Jeudy’s rookie contract on Monday, a source confirmed to The Post, giving the club an additional year of control with their top wide receiver.
By exercising the option, the Broncos have Jeudy under contract for 2023 with a cap number of $4.834 million and 2024 at $12.987 million.
Jeudy, 24, was picked No. 15 overall in the 2020 draft. Only first-round draft picks are eligible for the fifth-year option at the end of their rookie contracts and the decision on whether to pick them up must be made before the player’s fourth season.