Broncos WR Courtland Sutton ranked just 40th among WRs in PPR points per game and 41st in half-PPR last year. HC Nathaniel Hackett and QB Russell Wilson were problems. But Sutton finished well behind teammate Jerry Jeudy in fantasy points per game, as well as yards per target (9.7 to 7.6), yards per route run (2.18 to 1.55), and Pro Football Focus receiving grade (77.9 to 69.7). HC Sean Payton should be a significant upgrade for Denver's offense in 2023. But Wilson remains a question mark. And Sutton faces additional target competition with the addition of rookie WR Marvin Mims and the return of WR Tim Patrick (ACL). It all makes Sutton a fairly uninspiring fantasy pick, even at his WR39 ADP. He sits considerably lower than that in our updated WR rankings.

Broncos RB Samaje Perine left practice on Wednesday with a thumb injury. Perine walked to the locker room with Denver’s training staff, although HC Sean Payton downplayed the injury later on. We’re not expecting Perine to be limited for the start of training camp.

UPDATE: Perine's injury was a thumb bruise. Carry on.

Per Broncos insider Troy Renck, WR Tim Patrick “continues to make steady progress” in his return from a right ACL tear. The injury popped up last August. Patrick looked like a deep sleeper prior to the injury following a 53-734-5 line in 2021. Now, he’ll struggle for looks in a WR corps that includes Jerry Jeudy, Courtland Sutton, and exciting Round 2 pick Marvin Mims. Even in deep best ball formats, Patrick isn’t a recommended fantasy target.

Broncos HC Sean Payton said TE Greg Dulcich’s “menu” of routes will be “lengthy.” Payton also said that the second-year TE “has traits that are exciting.” That's a simple fact, as Dulcich recorded an 8.25/10 Relative Athletic Score last year. He’s a TE1 candidate for 2023, and his current ADP looks enticing at TE17.

The Broncos signed K Elliott Fry. He's currently the only kicker on the roster after Denver cut Brandon McManus last week. Fry has attempted just six NFL FGs, though, so expect the Broncos to add competition.

Broncos RB Javonte Williams (knee) practiced in a limited capacity during Thursday's OTA session, HC Sean Payton said. These are half-speed, pad-less practices -- and it's unclear exactly what "limited" entails. But the fact that Williams was on the field at all after October's multi-ligament knee injury is encouraging. Payton said earlier this month that he expects Williams to be ready for training camp. We'll continue to keep a close eye on his rehab.

Nick Kosmider of The Athletic believes RB Samaje Perine “should be a fixture of Denver’s offense, regardless of when [Javonte] Williams returns.” It certainly sounds like new HC Sean Payton agrees. “When we signed Samaje, this is a guy that gave us flexibility,” Payton said. “We signed him because we knew he was durable and reliable. We felt like we got another solid runner who’s built in a strong way. There are a lot of things he does well. When we signed him, there was still uncertainty (with Williams). I was taught a long time ago to stack them up at that position. It’s a tough position in our league.” We’ll continue tracking the ACL/LCL rehab for Williams, who looks close to 50/50 for Week 1. For now, Perine’s Round 9 ADP on Underdog Fantasy looks tempting.

Broncos HC Sean Payton said Saturday that he expects RB Javonte Williams (knee) to be ready for the start of training camp. "His rehab is going well," Payton said. "A good chance he’s ready. Hopefully might not start on PUP." Williams is working back from October's multi-ligament knee injury. GM George Paton was optimistic about Williams' availability for Week 1 back in February but was non-commital when discussing the situation again in April. It's unclear if Williams has made significant progress over the last month or if Payton is wearing rose-colored glasses. Williams carries substantial risk until we see him back on the field, but he's reasonably priced at an 8th-round price tag in Underdog drafts.

The Saints traded TE Adam Trautman plus a seventh-round NFL Draft pick to the Broncos for a sixth-rounder, according to NFL Network's Tom Pelissero. It's noteworthy that HC Sean Payton's new team is acquiring a TE he drafted in New Orleans in 2020. Trautman's arrival crowds a TE room that already included Greg Dulcich, Albert Okwuegbunam, and journeyman Chris Manhertz. There's some potential for targets to get dispersed to the point that no Denver TE presents worthwhile fantasy value. But let's keep in mind that Trautman averaged just 20 receptions per season through three years after arriving in Round 3. That included just 18 catches for 207 yards last year. And then the team that drafted him sent him away for just a move up from Round 7 to Round 6 in the draft. Don't adjust your outlook for Broncos TEs just yet. You can check our numbers on the group now in our 2023 fantasy football TE rankings.

The Broncos grabbed LB Drew Sanders in the third round of the 2023 NFL Draft. Sanders bounced around a little before starring as a full-time player for Arkansas in 2022. He earned unanimous All-America recognition after racking up 103 total tackles, 13.5 tackles for loss, 9.5 sacks, 6 passes defensed and 3 forced fumbles. According to Pro Football Focus, Sanders spent 12.8% of his defensive snaps in an edge role last season. He’s not likely to repeat that in the pros. Going to Denver lands him in a defense that already played LB Josey Jewell full time in 2022 and then re-signed LB Alex Singleton in free agency. We'll see whether Sanders can carve out an early role, but don't bet on a significant IDP impact in 2023. Don't be surprised when he falls down our IDP rookie rankings either.

The Broncos selected Oklahoma WR Marvin Mims Jr. in Round 2 of the 2023 NFL Draft. Mims produced from the moment he hit the field at Oklahoma. He led the Sooners with 610 receiving yards and 9 TDs as a true freshman, again led the team with 705 yards as a sophomore, and then tallied a career-best 54-1,083-6 line this past year. Mims left school with a huge 19.5 yards-per-catch average and confirmed his top-end speed with a 4.38-second 40-yard dash at the Combine. The 5’11, 183-pounder is a bit wiry and could stand to add some play strength. But he’s a ready-made deep threat with the potential to develop into a 3-level weapon. Denver’s current depth chart looks crowded. But trade rumors have surrounded Jerry Jeudy and Courtland Sutton. Plus, Tim Patrick is coming off an ACL tear.

Broncos GM George Paton said Thursday that RB Javonte Williams (knee) will be back at some point during the 2023 season but doesn't know exactly when. That's a much different tune than Paton was singing back in February, when he said Williams was “on track” to be ready for Week 1. Williams tore his right ACL, LCL, and posterolateral corner in October -- a much more complicated injury than a standard ACL. We'll continue to track his rehab. But, at this point, fantasy drafters should not be expecting Williams to be ready for the start of the season. We currently project him to play 14 games.

Broncos HC Sean Payton gave a pretty chilly response when asked about TE Greg Dulcich at the league meetings in late March. "We'll see," Payton said. "Some of it was hard -- the evaluation [on Dulcich.] Some of it was hard." Dulcich flashed between injuries as a rookie last year, tallying a 33-411-2 line across ten games. He ranked 17th among TEs in PPR points per game and 19th among 32 qualifiers in yards per route run. But the fact that he's now playing for a brand new coaching staff adds risk to his 2023 fantasy football outlook. Denver still has TE Albert Okwuegbunam, a popular breakout candidate this time last year. And The Denver Post's Kyle Newman believes the Broncos could add a TE in the draft later this month. The good news with Dulcich: He's just TE15 in recent FFPC ADP — a fine shot to take at that price.

Broncos QB Russell Wilson underwent arthroscopic surgery on his right knee earlier this offseason, according to NFL Network's Ian Rapoport. The procedure addressed an issue "that had nagged [Wilson] for a few seasons," per Rapoport. Wilson has already resumed training since the surgery and is expected to be available for OTAs. We'll keep an eye on him the rest of the offseason, but it doesn't sound like this news will impact Wilson's 2023 campaign. The 34-year-old has missed five games over the last two years after playing in 144 straight regular-season games to open his career.

Broncos HC Sean Payton tells NFL Network's Tom Pelissero that people shouldn't buy into the trade rumors surrounding WR Jerry Jeudy or WR Courtland Sutton. "We're not trading those two players," Payton said. We could simply take the coach at his word. Of course, these rumors have been swirling for a while now, with no Broncos leadership previously swatting them down. If you're doing best ball drafts right now, then you should treat Jeudy and Sutton as though they'll be in Denver this season. That said, we had no idea a year ago at this time that A.J. Brown and Marquise Brown were about to get traded on Night 1 of the NFL Draft. A month ago, we had no idea that D.J. Moore was about to move to Chicago. So be wary of treating any NFL team decision maker as though he's telling the full truth over the next five weeks.

Broncos WR K.J. Hamler recently underwent surgery to repair a partially torn pectoral he suffered while training, according to NFL Network's Tom Pelissero. Hamler is expected to be sidelined for four to six months, which means he'll miss the entire offseason program and potentially training camp. It's just another setback for a guy who's piled up a lengthy injury history. Hamler is off the redraft radar at this point -- and his dynasty value is fading fast.

The Broncos have agreed to a two-year, $7.5 million deal with RB Samaje Perine. This contract also includes an additional $1 million in potential incentives. Perine makes a lot of sense for the Broncos given the uncertain recovery timeline for RB Javonte Williams, who tore his ACL in Week 4 of 2022 vs. the Raiders. Even if Williams is able to recover in time to play a majority of the 2023 season, Perine stands to shoulder a decent amount of the rushing workload in a Sean Payton-led offense that historically uses a committee approach at RB. The Broncos have invested heavily in their offensive line this offseason as well, inking large contracts with T Mike McGlinchey and G Ben Powers so far. How much this move impacts fantasy will depend on the health of Williams, but this move is far from insignificant, especially if the Broncos don't spend any more on the RB position this offseason.

The Broncos have agreed to a three-year deal with DL Zach Allen. ESPN's Adam Schefter reports that it's for $45.75 million total, including $32.5 million guaranteed. That comes on the same day that Denver watched DL Dre'Mont Jones get a bit more from Seattle. Allen progressed across four seasons with the Cardinals. He was enjoying his best campaign yet before a hand injury knocked him out for the final four games. Allen's career-high 20 QB hits over just 13 games suggest upside beyond his career-high 5.5 sacks. Allen also tallied a career-high 10 tackles for loss. The move to Denver reunites him with former Cardinals DC Vance Joseph. Allen could emerge as a value pick in 2023 IDP drafts. We like him as a top-30 D-lineman in our dynasty rankings.

The Broncos are re-signing LB Alex Singleton to a three-year, $18 million deal that includes $9 million guaranteed, according to ESPN's Adam Schefter. It's a surprising move. Singleton went undrafted in the 2015 draft class and didn't play in an NFL game until 2019. He bounced into and out of the Eagles lineup through 2020 and 2021 before they let him walk. Even last season, his playing time fluctuated throughout the season. Singleton is coming off his best pro season, though, and has been a tackle monster whenever on the field. Fortunately, we fantasy players don't have to worry about whether this is a good move for the Broncos. We can just take advantage of the tackle collection when he's on the field. So Singleton now looks better than expected for dynasty rosters. And he's a candidate for the top 24 when our 2023 IDP rankings roll out.

Free agent QB Jarrett Stidham and the Broncos have agreed to terms on a two-year contract worth $10 million. This deal includes $5 million in guaranteed money and locks Stidham into serving as QB Russell Wilson's backup. Stidham started two games with the Raiders at the conclusion of the 2022 NFL season, tallying 584 passing yards with 4 TDs and 3 INTs. He should carry some appeal as a depth option in superflex leagues should any injury occur to Wilson in what should be a much-improved offense under new HC Sean Payton. Not all backup QBs are worth spending too much time thinking about for fantasy purposes, but Stidham is fairly intriguing here if nothing else.