Broncos traded a 2017 draft to New England for TE AJ Derby, per source. https://t.co/q4iAghsnQM
— Adam Schefter (@AdamSchefter) October 25, 2016
To add onto this: Denver is sending its 5th round pick in 2017 for Derby, per a league source. https://t.co/IUe5ndDyoD
— Field Yates (@FieldYates) October 25, 2016
The Broncos are projected to get a 5th round compensatory pick for Danny Trevathan, thus buffering the loss of either this comp pick or their own 5th rounder, both of which are likely to be near each other anyway. Derby is under contract through 2018, and should only count about $265,000 against the 2016 salary cap.
UPDATE (2:50 PM MT): Mike Klis says it’s instead a 7th round pick, and as Bob mentions in comments, news of a 5th rounder could only be conditional depending on Derby’s performance.
— Mike Klis (@MikeKlis) October 25, 2016
UPDATE #2 (4:30 PM MT): Klis has deleted the above tweet, and now has concurred with Schefter in that it was an unconditional 5th rounder. Here’s a snapshot of the official report of both the trade of Derby and also the Patriots’ acquisition of Kyle Van Noy from Detroit.