Tom Pelissero of NFL Network claims that the Broncos are trading Randy Gregory to the 49ers instead of letting him go.
It will trade Gregory and a seventh-round pick in 2024 for San Francisco's sixth-round pick in that same year.
Gregory signed a five-year deal with the Broncos in the summer of 2022. He was supposed to be released earlier this week because the Broncos plan to use younger players at the position.
But the 49ers quickly made a trade for Gregory and took on the rest of his deal.
Gregory is owed $14 million this year and has a cap hit of $16 million.
Gregory's deal ends at the end of the season. He has three years left on it, but no guaranteed money is left.