Broncos put WR Brandon Lloyd on the trading block
With the NFL trade deadline looming, the Broncos have been in talks with other teams regarding Pro Bowl receiver Brandon Lloyd, according to three NFL sources.
The Broncos are believed to be seeking anywhere from a third to fifth round draft pick in return. There have been "three or four" teams who have expressed interest in Lloyd, according to a source.
The NFL trading deadline is Tuesday. Once that deadline passes, a team cannot trade a player under contract until the 2012 league season opens in March.
Multiple factors have pushed Lloyd to the trading block, according to the sources. One, he is a free agent after this season and while the Broncos and Lloyd have briefly discussed a contract extension, nothing is close to materializing.
Two, the Broncos' receiving core is about to get crowded after this weekend's bye with the return of Demaryius Thomas and Eddie Royal. Lloyd, 30 and in his ninth NFL season, has been starting at receiver alongside Eric Decker, a third-round pick in the 2010 draft.
Additionally, the Broncos are expected to shift to a more ball control, run-oriented offense with Tim Tebow taking over at quarterback following the demotion of Kyle Orton.
Lloyd is making $1.395 million this year, well below market value for a receiver who led the NFL last season with 1,448 yards. He had 11 touchdowns among his 77 catches.
The Broncos (1-4) next play Oct. 23 at Miami.
Thomas, who has been out all season with an Achilles and broken finger injury, was a first-round pick in the 2010 draft. Royal was a fourth-round pick in the 2008 draft. Royal, who has missed the past three games with a strained groin, is also eligible for free agency at season's end.
Lloyd was a free-agent pickup three seasons ago after playing previously with San Francisco, Washington and Chicago.
Neither the Broncos or Lloyd would comment on the trade talks.
Lloyd's receiving numbers are down this season — 19 catches for a team-high 283 yards and no touchdowns. He missed one game with a groin strain.