The Denver Broncos are trading Randy Gregory to the San Francisco 49ers, sources told ESPN’s Adam Schefter on Friday.
The Broncos had planned to waive Gregory this week, with coach Sean Payton saying the move was “something we felt was best for our team right now in terms of timing” while leaving open the possibility of the team showing interest in a trade.
The 49ers will send the Broncos a 2024 sixth-round draft pick in exchange for Gregory and a 2024 seventh-round draft pick, sources said.
Gregory, 30, signed a five-year, $70 million contract with the Broncos in March 2022. The Broncos will pay Gregory roughly $10 million for the remainder of this season, according to Schefter, while the 49ers will pay him the veteran minimum. None of the remaining three years on Gregory’s contract are guaranteed after this season.
He was pulled from the starting lineup last week against the Chicago Bears and was replaced by second-year outside linebacker Nick Bonito. Gregory played 33 snaps Sunday and finished with three tackles and one quarterback hit. He has nine tackles and one sack in four games this season.
Gregory and his representatives asked the Broncos to release him earlier this week, sources told ESPN. He was not at the Broncos facility or at practice this week.
Gregory has never played a full season in his career due to injuries as well as a 54-game suspension for violations of the NFL’s substance abuse policy. He never started more than 11 games in a season and never finished with more than six sacks.
Information from ESPN’s Jeff Legwold was used in this report.
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