The Denver Broncos believe they have their quarterback in Bo Nix and have taken advantage of his rookie contract, adding high-level players at other positions like linebacker Dre Greenlaw in free agency this offseason.
Greenlaw arrives after four seasons with the San Francisco 49ers, and his exit helped clear the way for them to sign quarterback Brock Purdy to a five-year, $265 million contract extension.
“Congrats brotha [flexed bicep emoji],” Greenlaw posted to his Instagram stories on May 16.
Purdy’s deal makes him the highest-paid player in 49ers franchise history, and significantly impacted how the team retooled this offseason. The Broncos have at least three more seasons before they must address Nix. In the meantime, the Broncos benefit with Greenlaw.
However, the trend with quarterback contracts rising, particularly high-level ones, has created a landscape in which it may be more valuable to re-up with QB1 before their rookie deal expires.
With Nix’s fifth-year option and franchise tags, the Broncos can wait until 2032 before acting.
Bo Nix, Broncos Maximizing Key Window
Greenlaw and safety Talanoa Hufanga were both allowed to walk, though the 49ers made a last-ditch effort to retain the former. In the end, Greenlaw and Hufanga chose the Broncos over other options in large part because of Nix, whom the latter called a “gamer.”
“Everybody was kind of skeptical about his rookie season, and he just came out here and balled. And that’s what I love about it,” Hufanga said on the “DNVR Broncos Podcast on May 1.
“Even talking to Dre, he was my locker partner at the Niners. And then when we came here together, we’re like, ‘Man, when you got a quarterback that can go out there and really play?’ And as a defense, you can – it’s not just three and out. … There’s a lot of teams like that in the NFL. And so for us, it was like, ‘Man, we got potential here. And so why can’t we come over here and help change?’ But he’s [Nix] the reason.”
Nix also helped convince, recruit, and/or welcome other Broncos free agents and draft picks.