Broncos agreed to terms with RB Knowshon Moreno, the No. 12 overall pick, on a five-year, $23 million contract.
The deal is expected to contain at least $12.5 million in guarantees. Moreno will be behind LaMont Jordan and Correll Buckhalter in the race for the starting job, but pre-camp reports about him being the focal point of the offense suggest he'll make up time in a hurry. The Broncos have an off day Saturday, so Moreno's first practice will be Sunday. Aug. 7 - 7:34 pm et
Source: Adam Schefter on Twitter http://www.rotoworld.com/content/player ... 49&id=5163