According to a league source, the Broncos are interested in re-signing their former second-round pick, quarterback Brock Osweiler, following his whirlwind 18 months of bouncing from Denver to Houston to Cleveland and back again. The team will also place linebacker Shane Ray (wrist) on the injured reserve list on Sunday, which will create space for another player (they now need a backup nose tackle). The Broncos selected him in the second round of the 2012 draft, but he didn't see significant action until 2015 when he threw for 1,967 yards, 10 touchdowns and six interceptions in eight games.
The Browns pulled off a trade with their chief rival, acquiring wide receiver Sammie Coates from the Pittsburgh Steelers for a sixth-round pick in 2018.
Osweiler played two playoff games for the Texans at the conclusion of the 2016 season and saw consistent time in pressure-packed games as the team proceeded to win the AFC South title.
Osweiler took way more money to head to Houston and after being traded one year later to Cleveland and being released by the Browns this week, many didn't see the Broncos as his landing spot.
Broncos general manager John Elway confirmed the signing on Saturday.
Osweiler would return to be a backup for Trevor Siemian as Paxton Lynch recovers from a right shoulder sprain that will likely keep him out for at least the first few weeks of the regular season - likely longer. But Denver's options at No. 2 might soon be much more interesting.
Osweiler's contract with the Browns included a guaranteed base salary of $16 million, which means he's going to get that in 2017 no matter what.