Denver Broncos trading wide receiver Jerry Jeudy to Cleveland Browns for picks

The Denver Broncos are trading wide receiver Jerry Jeudy to the Cleveland Browns.

In exchange, the Broncos will receive a fifth- and sixth-round pick in the upcoming 2024 draft.

The trade won't become official until the new league year begins on Wednesday.

Jerry Jeudy #10 of the Denver Broncos looks on from the sideline during the national anthem prior to an NFL football game against the Los Angeles Chargers at Empower Field at Mile High on December 31, 2023 in Denver, Colorado. Perry Knotts / Getty Images

Jeudy was the number 15 overall pick in the 2020 draft. His best season came in 2022 when he finished with 67 receptions for 972 yards and 6 touchdowns.

In 2023, Jeudy recorded 54 receptions for 758 yards and two touchdowns.

Jeudy also reached a milestone with the Broncos this past season by becoming the fourth fastest receiver to 200 receptions in team history after a 40-yard catch early in the loss against the Detroit Lions.

RELATED: Take a look back at Justin Simmons' 5 best games as a Bronco as team releases him

He reached the milestone in 54 games after being drafted by the Broncos. 

For his career, the receiver has played a total of 57 games, posted 211 receptions on 356 targets, 3,053 total receiving yards, averaged 14.5 yards per catch, with 11 touchdowns. His longest reception was for 92 yards and fumbled the ball four times.  

HOUSTON, TEXAS - DECEMBER 03: Jerry Jeudy #10 of the Denver Broncos runs with the ball in the fourth quarter against the Houston Texans at NRG Stadium on December 03, 2023 in Houston, Texas. / Getty Images

The trade comes as the Broncos look to make moves ahead of the new year, which begins on March 31. So far, the team has announced it will be moving on quarterback Russell Wilson and released a eight-year veteran and productive safety in Justin Simmons in a move to free up cap space. 

With the decision to release Wilson, the Broncos will avoid having to pay $37 million of guaranteed money to him. The team will reportedly save $14.5 million in salary cap space by cutting Simmons, according to CBS Sports Writer Jared Dubin. 

RELATED: Take a look back at Russell Wilson's 5 best games as a Bronco before team releases him

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