Broncos waive WR Josh Reynolds, ending Denver tenure after five games played

Parker Gabriel, The Denver Post on Dec 3, 2024

Published in Football

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DENVER — The Broncos are going young at wide receiver.

Denver waived wide receiver Josh Reynolds on Tuesday, according to the league’s transaction wire.

Reynolds broke his finger catching a touchdown Week 5 against Las Vegas and needed minor surgery, landing him on injured reserve. While he was out, Reynolds was shot twice in an incident during which he and two others had their vehicle shot at more than 30 times in what the Denver District Attorney’s Office called a “coordinated, organized” attack.

Reynolds also watched as several young Denver wide receivers — notably rookies Devaughn Vele and Troy Franklin — saw the field more and more and got more comfortable.

Now Reynolds will be on waivers for a day and any team can claim him for the stretch run of the season.

Tuesday marked the final day of Reynolds’ 21-day practice window, meaning Denver either had to reinstate him to the 53-man roster, have him revert to injured reserve (which would end his season) or waive him. They chose to waive him and move forward with the group of receivers that’s been playing the past several weeks.

Reynolds caught 12 passes for 198 yards and a touchdown in his brief Broncos tenure.

Reynolds signed a two-year, $9 million deal this spring that came with a $2 million signing bonus and $4.25 million in total guarantees. Waiving him will clear $4.5 million in space on the Broncos’ 2025 salary cap and leave a $1 million dead cap charge for 2025.