Patrick is set to sign with Detroit's practice squad, Adam Schefter of ESPN reports.

EDGE Analysis

The Broncos released Patrick on Tuesday after giving him a lot of work with their first-team offense throughout the summer, making him a free agent and eligible to sign with any team. He could perhaps challenge Kalif Raymond for the No. 3 receiver role in Detroit at some point this fall, but a return to fantasy relevance still feels like a long shot for a 31-year-old wideout coming off major, season-ending injuries in back-to-back years (ACL tear in 2022, Achilles' rupture in 2023). Even at his best, Patrick never had more than 85 targets, 53 catches, 742 receiving yards or six TDs in any one season.

The Broncos released Patrick on Tuesday, Aric DiLalla of the team's official site reports.

EDGE Analysis

Despite the veteran wideout reportedly having had a solid training camp, the Broncos have parted ways with the 30-year-old, who's bouncing back from a pair of injury-plagued seasons. Patrick should, however, catch on with another team looking for pass-catching depth in the coming days.

The Broncos have informed Patrick that they plan to release him if they are unable to arrange a trade to send the wideout elsewhere, Parker Gabriel of The Denver Post reports.

EDGE Analysis

Patrick, who last saw regular-season action in 2021, appears to have moved past the serious injuries that derailed his last two campaigns. Despite the veteran wideout having had a solid training camp, the Broncos now seem poised to moved on from the 30-year-old. Patrick's looming departure should pave the way for Marvin Mims and Troy Franklin to see added opportunities alongside veteran pass catchers Courtland Sutton and Josh Reynolds.

Patrick caught all four of his targets for 30 yards and a touchdown in Sunday's 27-2 preseason win over the Packers.

EDGE Analysis

All of Patrick's production came in two drives alongside rookie quarterback Bo Nix to start the game. Patrick accounted for half of Nix's eight completions, including a two-yard touchdown to cap both players' time in the game, which marked Patrick's first trip to the end zone in an NFL game since Week 15 of the 2021 season. Patrick finally looks healthy after missing the last two seasons due to a torn ACL followed by a torn Achilles, and he has a chance to carve out a prominent role in a Broncos receiving corps with an unsettled depth chart behind No. 1 receiver Courtland Sutton. Patrick's budding chemistry with Nix is encouraging considering Nix is the favorite to start the majority of Denver's games at quarterback in 2024.

Patrick caught his lone target for 14 yards in Sunday's 34-30 preseason win over the Colts.

EDGE Analysis

Patrick, who has not played in a regular-season game since 2021, made his return for the team's preseason opener Sunday. With last July's torn Achilles behind him, the veteran wideout played 11 snaps in the contest and reeled in his only target. Heading into the 2024 campaign, Patrick will look to get back to his role as a sure-handed, reliable playmaker in Denver's offense. However, he'll face competition for targets behind No. 1 receiver Courtland Sutton, as second-year speedster Marvin Mims and new addition Josh Reynolds should contend for playing time.

Patrick is listed as a starter on the Broncos' initial unofficial depth chart, Parker Gabriel of the Denver Post reports.

EDGE Analysis

When it comes to preseason depth charts posted by NFL teams, listings often need to be taken with a grain of salt, and in the case of Denver's initial version, it's notable that no rookie (including QB Bo Nix) is listed higher than third-string. With regard to Patrick, it's encouraging that the 30-year-old -- who last saw regular-season action in 2021 -- appears to have moved past the serious injuries that derailed his last two campaigns. That said, it remains to be seen what his role might be come Week 1, with Marvin Mims, Josh Reynolds and rookie Troy Franklin all vying for slotting behind top WR Courtland Sutton. In terms of ADP and consensus rankings, Mims and Franklin are generally next up on the radar of fantasy drafters.

Patrick, who is moving past last summer's Achilles injury, looked healthy and sharp during the Broncos' mandatory minicamp this week, Jon Heath of the USA Today reports.

EDGE Analysis

The report notes that Patrick -- who sustained a torn left Achilles late last July -- was one of the team's standout performers during Tuesday's session. As the coming campaign approaches, it remains to be seen what Patrick's role in Denver's offense will be, especially given that the 30-year-old last saw regular-season action in 2021. With Jerry Jeudy no longer in the mix, however, the pecking order behind top wideout Courtland Sutton has yet to be determined, which sets the stage for Patrick to vie for slotting in the coming months with Josh Reynolds, Troy Franklin, Marvin Mims, Lil'Jordan Humphrey, Brandon Johnson and Devaughn Vele.

Patrick (Achilles) is participating in Thursday's OTAs session, Nick Kosmider of The Athletic reports.

EDGE Analysis

Patrick continues to work his way back from the left Achilles tear that cost him the entire 2023 season. As an ACL tear also wiped out his 2022 campaign, the 30-year-old wideout now hasn't suited up for an NFL game since 2021, and he likely would've been cut this offseason had he not agreed to a pay cut. Health permitting, there's opportunity for Patrick to carve out a role in Denver's wide receiver corps, which gets thin behind Courtland Sutton. The other top candidates to start in three-wide sets are Josh Reynolds, Marvin Mims and Troy Franklin.

Patrick (Achilles) and the Broncos have an agreement to alter his contract for 2024, Nick Kosmider of The Athletic reports.

EDGE Analysis

The first two seasons of Patrick's three-year, $30 million contract were wiped out by severe injuries during training camp -- an ACL tear in 2022 and then a torn Achilles' tendon in 2023. He's now 30 years old and entering the final year of the extension, so he presumably would've been released if he hadn't agreed to lower his $9.5 million base salary for 2024. While never a high-volume pass catcher, Patrick had 742 yards and six TDs on 79 targets in 2020 (64.6 percent catch rate, 14.5 YPC, 9.4 YPT), followed by 734 yards and five TDs on 85 targets in 2021 (62.4 percent, 13.8 YPC, 8.6 YPT).

Patrick (Achilles) is a strong candidate to be released this offseason, Nick Kosmider of The Athletic reports.

EDGE Analysis

Patrick has twice suffered season-ending injuries in training camp since signing a three-year, $30 million contract in Nov. 2021. He's now entering the final year of the deal and has a non-guaranteed $9.5 million base salary for what will be his age-30/31 season. It is possible Patrick accepts a pay cut to stay in Denver and attempt his return from the torn Achilles' tendon he suffered in August.