The Denver Broncos agreed to terms on a four-year contract with rookie wide receiver Tyrie Cleveland, the team announced Wednesday.
Cleveland’s contract is expected to have a signing bonus of $75,492 and a total value of $3,370,492, according to KUSA-TV’s Mike Klis. His signing bonus will be prorated over the four years of his contract for salary cap purposes.
Cleveland (6-2, 209 pounds) caught 79 passes for 1,271 yards and eight touchdowns during his four seasons at Florida. He averaged 16.1 yards per catch during his time with the Gators.
Cleveland, one of the team’s seventh-round picks, will compete with Diontae Spencer, DaeSean Hamilton, Juwann Winfree, Kelvin McKnight, Zimari Manning, Kendall Hinton, Fred Brown and Trinity Benson for a spot on the Broncos’ 53-man roster this summer.
Denver’s draft class will have combined salary cap hits of $9,980,665 but the net cap hit will be closer to $3,219,217. After signing their draft class, the Broncos will have about $13,837,021 in remaining salary cap space.
