The Broncos waived Derby with an injury designation due to a shoulder injury and will revert to their injured reserve once he clears waivers.
Traylor, 24, wound up signing a three-year, $1.62 million contract with the Cowboys as an undrafted free agent out of Wisconsin. He was unfortunately waived during the team’s final roster cuts before later being added to their practice squad.
Dallas elected to cut Traylor loose a few weeks into the regular season and the Chargers later signed him to their practice squad before placing him on waivers. After a brief stint with the Patriots, the Ravens decided to sign Traylor to their practice squad but he lasted just a few weeks in Baltimore.
The Broncos signed him to their practice squad back in December and later re-signed him to a futures deal. He was among the team’s final roster cuts in September but signed to the practice squad once he cleared waivers.
During his college career at Wisconsin, Traylor caught 17 passes for 234 yards receiving and four touchdowns.