The Denver Broncos are signing two-time Pro Bowl tight end Evan Engram to a two-year deal, his agent Mike McCarthy announced on social media Wednesday.
The deal is worth $25 million, with $16.5 million fully guaranteed, sources told ESPN's Adam Schefter.
The Broncos had been seeking help at the position in recent seasons and get a big dose of it with Engram, who was released by the Jacksonville Jaguars this month in a move that saved $5.98 million against the salary cap.
Engram, 30, signed a one-year, $9 million contract with the Jaguars in March 2022 and went on to set career highs in catches (73) and receiving yards (766) that season.