Broncos executive VP John Elway told reporters (per Nicki Jhabvala) that they will, in fact, be re-signing QB Brock Osweiler to be Trevor Siemian’s backup on Monday, pending a physical.
Adam Schefter reports that Osweiler will sign a one-year, $775,000 deal with the Broncos.
Elway added that Osweiler will be the team’s backup until Paxton Lynch is healthy and then Lynch take over as the team’s backup. They plan to decide Brock’s future at that point.
Adam Schefter is now reporting that Denver is interested in QB Brock Osweiler to a contract, but there is no deal yet. The Broncos hope to sign him, but there are still details to work out.
The Broncos are expected to be without Lynch for a few games, which means their quarterback is a concern behind Trevor Siemian. Meanwhile, Osweiler is among the best available options right now and Denver would likely be an appealing option based the potential opportunity.
Osweiler, 26, is a former second-round pick of the Broncos in 2012. He played out his rookie contract with the Broncos before signing a four-year, $72 million contract with the Texans that included $37 million guaranteed back in March of last year.
The Texans traded Osweiler and a 2018 second-round pick to the Browns in return for a 2017 fourth-round pick.
Cleveland had been attempting to trade Osweiler since they acquired him several months ago but the ultimately cut him loose on Friday after no deal surfaced.
In 2016, Osweiler appeared in 15 games and threw for 2,957 yards while completing 59 percent of his passes to go along with 15 touchdowns and 16 interceptions. Pro Football Focus has him rated as the No. 32 quarterback out of 34 qualifying players.