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.

The Denver Broncos waived veteran wide receiver Josh Reynolds on Tuesday ahead of his deadline to return from injured reserve. After being let go by the team, Reynolds shared the following message on

After being waived by the Denver Broncos on Tuesday, it didn't take long for wide receiver Josh Reynolds to find a new home. The 29-year-old wide receiver was claimed off waivers by the Jacksonville Jaguars.