ESPN's Jeff Legwold first reported the development. According to Legwold, Green signed a three-year deal that averages $2.5 million per season.
The move to lock up Green comes one day after Rapoport reported that tight end Julius Thomas will leave the Broncos to sign a rich free-agent deal with the Jacksonville Jaguars. Green would have been a red-hot property on the open market: According to The Denver Post, 13 teams had expressed interest in Green, with six to eight of them considered to be serious about signing the fourth-year pro.
Green is a snug fit in Denver's new zone-blocking scheme with some serious upside potential as a receiver. Somebody has to make up for all those targets once claimed by Julius Thomas, right?