$16.5 million fully guaranteed
Broncos are signing Evan Engram to a two-year deal worth $23 million deal, including $16.5 million fully guaranteed at signing. Denver has been seeking TE help in recent seasons and now finally has found some. (Adam Schefter on X)
Nerdy Football Analysis: The tight end position was basically non-existent for the Broncos last season. Lucas Krull led the team with 19 receptions. Engram was limited to nine games last season with Jacksonville due to injury, but should be able to achieve mid-range TE2 fantasy value in Denver without too much trouble provided he stays healthy.