The Denver Broncos are trading OLB Randy Gregory to the 49ers, according to Tom Pelissero.
Denver is sending Gregory and a 2024 seventh-round pick in exchange to San Francisco for a 2024 sixth-round pick, according to Pelissero.
Mike Klis reports that the Broncos will be paying a portion of Gregory’s remaining $10.89 million salary in order to facilitate the trade.
Denver was planning on releasing Gregory if they couldn’t find a trade partner for him as the team wants to focus on younger players.
Gregory, 30, is a former second-round pick of the Cowboys back in 2015. He was entering the final year of his four-year, $3.814 million contract that includes $1.404 million guaranteed and stood to make a base salary of $955,217 for the 2019 season when the Cowboys signed him to a one-year extension.
The Cowboys later signed Gregory to a one-year extension worth up to $2.1 million through the 2021 season that included a $200,000 signing bonus. He nearly re-signed with the team for 2022 but the deal fell through and he signed a five-year, $70 million contract with Denver instead.
In 2022, Gregory has appeared in four games for the Broncos and recorded nine tackles, a sack and a pass defense.
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I understand why Denver got rid of him. Always hurt, no production. But he STILL made out like a fat cat. Gets 14 million this year, plus the 870 thousand from the 49ers. Plus he goes to a team that will be playing for a chance to go to the SB. Denver? We get to pay him 14 million, give up a 7th rounder for a 6th. Paton had better get his act together or he’ll be out of a job.