The Denver Broncos are re-signing backup quarterback Jarrett Stidham ahead of the start of NFL free agency, NFL Network's Ian Rapoport first reported on Sunday evening.

The Denver Broncos plan to re-sign quarterback Jarrett Stidham, a source told ESPN's Jeremy Fowler on Sunday. Stidham, 28, signed a two-year, $10 million deal with the Broncos in 2023, with coach Sean Payton wanting a veteran backup behind Russell Wilson.

The Broncos are bringing back backup quarterback Jarrett Stidham, according to multiple reports. Ian Rapoport of NFL Media reports it's a two-year deal worth $12 million with $7 million guaranteed. Stidham likely would have found significant interest as a backup on the open market this week.