NFL Media's James Palmer reported Monday that Hillman and the Broncos have agreed on a one-year contract, according to a source aware of the deal. The Broncos later confirmed the deal. NFL Media Insider Ian Rapoport added the deal is worth $2 million and includes roughly $600,000 in guarantees, according to a source with knowledge of the contract. Hillman re-joins C.J. Anderson as Denver's 1-2 punch at running back.
Hillman led the Broncos in both carries (207) and rushing yards (863) last season, but was outplayed by Anderson down the stretch, leading to a shift in roles. Hillman's season was capped by a 1.7 yards per carry average in three playoff games.
That helps to explain why Hillman was greeted by such a cold market in free agency. It's somewhat surprising the Broncos opted to bring Hillman back now with a potential replacement to be had in next week's draft.
Perhaps Denver will bring in more competition, but for now Hillman has the inside track as Anderson's backup.