Mike Klis of the Denver Post pegs the value at $15 million over three years, with the ability to make up to $3 million more in incentives. Multiple reports put the guaranteed money at $6 million; it’s unknown (for now) how much of it is fully guaranteed at signing.
Sander has passed his physical, and the deal is now official. Sanders becomes the fourth free agent signed by the Broncos since Tuesday, and the first on offense.
Come 2015, when the Broncos are faced with the contracts of Welker,Thomas, and tight end Julius Thomas expiring, Sanders could play the slot if/when Welker moves on.
Last year, Sanders made $2.5 million on a one-year deal in Pittsburgh, which arose after the Steelers matched an offer sheet for Sanders.