Broncos sign WR Tim Patrick to three-year extension worth up to $34.5 million

Denver's receiving corps includes a trio of notable names. A less-heralded target has emerged as the group's fourth and now has a significant pay raise to show for it.

The Broncos are signing Tim Patrick to a three-year contract extension worth up to $34.5 million with $18.5 million guaranteed, NFL Network's Tom Pelissero reported. Denver confirmed the transaction Saturday.

"Tim Patrick has worked incredibly hard to emerge as one of the top wide receivers in the NFL," Broncos general manager George Paton said. "The perseverance Tim has shown to develop from an undrafted free agent to such a dependable and dynamic player is remarkable. We're thrilled to agree to terms with him on this well-deserved contract extension. The best is yet to come with Tim as such an important part of the Denver Broncos."

Patrick has proved himself a reliable, under-the-radar option in Denver's offense in his last season and a half, catching 51 passes for 742 yards and six touchdowns in 15 games in 2020 before adding another 37 receptions for 523 yards and four touchdowns this year. Patrick found room to make a difference following a season-ending injury to Courtland Sutton in 2020, and has since stepped up to help replace Jerry Jeudy during his brief absence and has helped fill the void created by K.J. Hamler's season-ending knee injury.

Denver is responding accordingly with this extension, which will pay him a little over $11 million per season and secure a pass-catcher who has proven to be a dependable option. It's a massive hike in compensation for the former undrafted receiver out of Utah, and a deserved reward for his dedication.

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