Broncos pick up Jeudy's 5th-year option

The Denver Broncos are exercising the fifth-year option on wide receiver Jerry Jeudy's rookie contract, the team announced Monday.

Jeudy's fifth-year option for 2024 is worth $12.987 million and is fully guaranteed, according to Spotrac.

The 24-year-old has been linked to trade rumors throughout the offseason. However, Broncos head coach Sean Payton said in March that the team won't deal Jeudy.

A first-round pick in 2020, Jeudy put together his most productive campaign in 2022 with 67 catches for 972 yards and six touchdowns.

He's a significant piece of a Denver receiving room that also features Courtland Sutton, Tim Patrick, KJ Hamler, and 2023 second-round pick Marvin Mims.