Theo Riddick will be joining the Denver Broncos.
Mike Klis of 9News reported the Broncos will sign Riddick to a one-year, $2.5 million contract with $1 million guaranteed but $3.3 million possible through incentives. In order to make room for their new running back, the team placed defensive lineman Billy Winn on injured reserve.
The 28-year-old became available when the Detroit Lions released him last Saturday—a move that saved the Lions $3.66 million in cap space, according NFL Network's Jeremy Bergman. The next day, Riddick's first visit was with the New Orleans Saints, per Rob Demovsky of ESPN, but he left without a deal.