The Denver Broncos have waived Paxton Lynch after claiming Kevin Hogan off waivers.

Lynch was a first round pick in 2016. Lynch lost back-to-back training camp battles with Trevor Siemian the previous two summers.

"Vance and I met with Paxton this morning and informed him that it's best for everyone to make this move. We appreciate all of Paxton's hard work as a Bronco, and we wish him well in the future," John Elway said in a statement.