The Denver Broncos are signing two-time Pro Bowl tight end Evan Engram to a two-year deal, his agent, Mike McCarthy, announced on social media Wednesday.
The deal is worth $23 million, with $16.5 million fully guaranteed, sources told ESPN's Adam Schefter.
The Broncos had been seeking help at the position in recent seasons and get a big dose of it with Engram, who was released by the Jacksonville Jaguars this month in a move that saved $5.98 million against the salary cap.
Engram, 30, signed a one-year, $9 million contract with the Jaguars in March 2022 and went on to set career highs in catches (73) and receiving yards (766) that season.
The Jaguars used the franchise tag on him in 2023 but worked out a deal before camp, and Engram bettered his career marks by catching 114 passes (the second most in franchise history and second most by a tight end in NFL history) for 963 yards and four touchdowns in the first year of his new deal.
However, he missed eight games last season with hamstring and shoulder injuries and finished with 47 catches for 365 yards and a touchdown in nine games last season.
Engram was drafted 23rd overall by the New York Giants in 2017 and had 262 receptions for 2,828 yards and 16 touchdowns in five seasons before signing with Jacksonville.
ESPN's Michael DiRocco contributed to this report.
