The Broncos started free agency with plenty of cap space and the ability to create more if needed, but it’s still worth tracking how their signings get allocated.

The Broncos retained backup swing tackle Matt Peart on a two-year deal. We now know the terms of that contract, courtesy of OverTheCap.com. Peart received a $1.5 million signing bonus that will be prorated as $750,

The Denver Broncos have retained another of its own, re-signing inside linebacker Justin Strnad to a fully guaranteed one-year, $2.7 million contract, 9NEWS' Mike Klis reported Wednesday. The deal was confirmed straight from the horse's mouth.

The Broncos previously tendered five exclusive rights free agents: cornerback Ja’Quan McMillian, outside linebacker Dondrea Tillman, tight end Lucas Krull, defensive lineman Jordan Jackson and safety Devon Key. The contracts are league-minimum, one-year deals, and EFRAs are not eligible to negotiate with other teams.

It didn't take long for former Jaguars tight end Evan Engram to find a new home once free agency began today at 4 p.m.