Melvin Gordon has agreed to a two-year, $16 million deal with the Denver Broncos. Gordon's deal includes $13.5 million in guaranteed money.

Gordon had a more lucrative offer from another team but staying in the AFC West to compete against the Los Angeles Chargers appealed to him.

Gordon held out for a large part of last season with the Chargers.

The Denver Broncos are releasing Joe Flacco with a failed physical designation.

Flacco was placed on injured reserve last season with a herniated disk in his neck. Flacco will become an unrestricted free agent. 

Flacco was 2-6 as Denver's starting quarterback in 2019, throwing for 1,822 yards with six touchdowns and five interceptions.

The Broncos will save just over $10 million against the cap by releasing Flacco.

The Tennessee Titans have traded Jurrell Casey to the Denver Broncos for a seventh round pick.

Casey is under contract through 2022 at a base value just over $12 million per year. The trade saves Tennessee just over $10 million against the salary cap.

The Jacksonville Jaguars have agreed to trade A.J. Bouye to the Denver Broncos for a fourth round pick.

"I'm on the way to get my kids, [and] I get a phone call from Caldwell, saying he appreciates everything I did for the team," Bouye told ESPN's Josina Anderson. "Then Elway calls me, saying, 'Welcome to Denver.' Now everyone is calling. I'm just finding out. I want to thank Jacksonville."

Bouye was one of the key members of a 2017 free-agent class for the Jaguars that was regarded as the one of the best in franchise history. He is due to make $13 million and count $15.5 million against the salary cap in 2020.

The Denver Broncos have interest in some of the top free agent running backs on the market.

Derrick Henry, Kenyan Drake, Melvin Gordon, Carlos Hyde and Jordan Howard are among the names that have been linked to the Broncos.

Denver has about $70 million in salary cap space available.