Instead of releasing Randy Gregory, the Broncos are trading the pass rusher to the 49ers, NFL Network’s Tom Pelissero reports. Denver will receive San Francisco’s sixth-round pick in 2024 in exchange for Gregory and a seventh-round pick in ’24.
Gregory, who signed a five-year contract in the 2022 offseason, was expected to be released earlier this week, as Denver intends to utilize younger players at the position. However, the 49ers jumped in to trade for Gregory, taking on the rest of Gregory’s contract.
This year, Gregory is due $14 million guaranteed and has a $16 million cap hit. According to ESPN's Adam Schefter, Denver will pay approximately $10 million of his remaining salary this season, while San Francisco will cover the veteran minimum. (For a seventh-year NFL player like Gregory, that minimum is $1.165 million.)
