Broncos waived TE Justin Joly.

9NEWS’ Mike Klis writes that Joly “clearly” could use a redshirt year, which isn’t exactly great news for his dynasty prospects. We’ll see if another team wants to take a chance on him rather than letting him join Denver’s practice squad. Joly was a fifth-round pick this past year and it’s rare for teams to cut picks this early, but Denver’s roster is loaded.