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Stefon Diggs #8 of the New England Patriots looks on against the Atlanta Falcons.
The Denver Broncos’ quest to build out their roster has not ended, but one of the moves they did not make has come back to light. According to a new report, the Broncos had designs on signing veteran wide receiver Stefon Diggs this past offseason.
Diggs ultimately signed with the New England Patriots, who were playing the New York Jets on “Thursday Night Football” when the news dropped.
A lot of time has passed since then, but it paints a clear picture of the Broncos’ plans.
Broncos Were Finalists for Stefon Diggs
GettyStefon Diggs #8 of the New England Patriots celebrates a TD against the Carolina Panthers.
NFL Network’s Ian Rapoport joined the pregame show before the Patriots’ game and detailed what went into New England signing Diggs, including beating out the Broncos for the four-time Pro Bowler and 2020 First Team All-Pro’s services.
Diggs, the No. 146 overall pick of the 2015 draft who has earned over $140 million in his career, signed a three-year, $63.5 million contract with the Patriots.
However, fate may have brought Diggs to New England and Patriots head coach Mike Vrabel.
“Signing Stefon Diggs was the end of a decades-long quest for Mike Vrabel,” Rapoport reported on “TNF Tonight” on November 13. “Vrabel recruited Diggs out of high school, when he was an assistant at Ohio State. Didn’t get him, was mad about it. When Diggs became available this spring, his agent sent video to the Patriots, just three months after the ACL tear. He was running, cutting. Good sign. Ahead of schedule. It came down to the Broncos or Patriots. Five months from passing a physical, the Patriots signed up. A big-time leap of faith.”
Sentimentality and outcome aside, the Broncos had financial reasons to avoid making the kind of investment into Diggs that the Patriots did. It largely has to do with their financial outlook and how the Patriots structured Diggs’ deal.
Diggs entered Thursday’s contest with 50 receptions for 554 yards and 3 touchdowns, which would have ranked first, second, and third, respectively, on the Broncos.
He finished the contest, a 27-14 Patriots win, with a 9-105-0 line.
Broncos Avoided Risky Investment
GettyStefon Diggs #8 of the New England Patriots looks on before facing the Buffalo Bills.
Diggs, 31, has an $8.7 million cap hit this season, which the Broncos – who Over The Cap says have $4.6 million in space – could have worked to make room for. However, his cap hit jumps to $26.5 million in 2026 and 2027.
Again, the Broncos could have squeezed those dollar amounts in with projections of $47.6 million in space in 2026 and $68.6 million in 2027.
However, they signed Courtland Sutton to a four-year, $92 million extension this past summer.
That is a lot of capital to invest into the wide receiver position, even with Bo Nix on a cost-controlled rookie-scale contract. Instead, the Broncos will pay a combined $38 million for the trio of Evan Engram at tight end and defensive players Dre Greenlaw and Talanoa Hufanga.
Diggs has missed more than two games in a single season three times in his career, and just once (2024) since the 2016 season.
The Broncos have leaned on their young receivers, Marvin Mims, Pat Bryant, and Troy Franklin.
They were also linked to wide receivers before the trade deadline, which could underscore the veracity of Rapoport’s report.
Josh Buckhalter covers the NBA and NFL for Heavy.com. He has covered both leagues since 2016, including bylines at FanSided, Last Word on Sports and Clocker Sports. He’s based in Villa Park, Illinois. Follow Josh on Twitter and Instagram: @JoshGBuck More about Josh Buckhalter
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