The Denver Broncos have traded edge-rusher Randy Gregory and a 2024 seventh-round draft pick to the San Francisco 49ers for a 2024 sixth-round selection, per Tom Pelissero of NFL Network.
News emerged earlier this week that the Broncos planned to release Gregory, but that never formally occurred, per Pelissero.
The 30-year-old Gregory signed a five-year, $70 million contract with Denver in March 2022. Per ESPN's Adam Schefter, Gregory received over $27 million from that deal, which included two years of full guarantees.
This article will be updated soon to provide more information and analysis.