Lynch, the Broncos' first-round pick -- the team traded up five spots, from No. 31 to No. 26, to select him -- was the only unsigned draft pick before Thursday.
Lynch's agent, Leigh Steinberg, was at the Broncos' suburban Denver facility Thursday afternoon, and the quarterback formally signed the contract after the team's final practice of a three-day mandatory minicamp. The four-year deal, with a fifth-year option (the Broncos hold the option and must decide whether to engage it after Lynch's third year), includes a signing bonus of $5.09 million.
Because the current collective bargaining agreement was agreed to in 2011 with the rookie wage scale, the negotiations on deals have been fairly seamless league-wide. With several picks near the bottom of the first round having signed in recent days, the details of Lynch's deal began to take shape.
After splitting up the work with the starters and No. 2 offenses fairly evenly among the team's three quarterbacks for much of the offseason work, the Broncos went with a more traditional depth chart this week at their mandatory minicamp.
With that, Mark Sanchez worked with the No. 1 offense, Trevor Siemian with the No. 2 offense and Lynch worked as the No. 3 quarterback. The Broncos have reiterated that they believe strongly in Lynch's future as their franchise quarterback, but the transition from Memphis' spread offense to the Broncos' offense will take time.
"Coach said he was going to give us our reps come Monday and where we were going to be," Lynch said earlier this week. "I don't know if this is permanent in what he's going to do, but this is what he's doing now. The way I see it, I'm still getting my reps, so I have to take advantage of every single one of those reps when I get the opportunity to and then when the opportunity comes, if I get bumped up, I get bumped up. Like I said, I'm going to take those guys whenever they're going mentally and when my reps come, that's my time to get out there and get my work in."
Broncos coach Gary Kubiak said Lynch's practice performance has been up and down.
"Paxton is so talented, that's an easy thing to see, how gifted he is throwing the ball and stuff," Kubiak said. "And then sometimes he'll get real slow, and that's when you're thinking too much. It's up to us as coaches to lock on what he really understands and what he's doing to cut him loose. In my mind right now if we were in Chicago for [the first] preseason game, I know what he knows so we can go do. We have got to have growth upon that as we move forward and he's got to continue to grind at what he's doing. [There is] a lot of expectations."