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Broncos Sign Fourth-Roun Pick Olsen; Waive WR Grimes

The Broncos continue to rush to get some of their rookies signed, as Thursday the Denver Post reported that the team wrapped up a four-year contract with fourth-round guard Seth Olsen. The deal is worth $2.16 million and includes a $414,120 signing bonus.

Previously, the Broncos signed second-round tight end Richard Quinn and fifth-round receiver Kenny McKinley to four-year contracts. Quinn’s deal is worth $2.68 million and includes a $930,000 signing bonus; McKinley’s is worth $1.95 million with a $200,200 signing bonus.

The team also Thursday waived rookie wide receiver David Grimes.

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