The deal is worth $3.25 million with $500,000 in incentives, a source told ESPN’s Sarah Barshop
Lindsay, 26, became an unrestricted free agent when the Broncos rescinded the RFA tender they had placed on him which would have allowed them to match any contract but would not have provided the team any compensation if he signed with another team.
Lindsay, who played collegiately at Colorado and made the Broncos’ roster as an undrafted free agent in 2018, rushed for 1,037 yards and nine touchdowns in his rookie season. He was also selected to the Pro Bowl.
He followed that up with another 1,000-yard season in 2019, rushing for 1,011 yards and seven touchdowns.
Despite his success, the Broncos signed running back Melvin Gordon to a two-year, $16 million contract in free agency the following offseason. His production dipped to 502 yards and a touchdown in 2020 due to having to share the load with Gordon and a combination of injuries that ultimately landed him on injured reserve.
In three seasons, Lindsay has rushed for 2,550 yards and 17 touchdowns. He also has 77 receptions for 465 yards and a touchdown.