The signing comes just a few days after Hanie visited the Broncos on Wednesday, the same day the club attempted to trade Tim Tebow to the New York Jets. With the trade of Tebow finally completed Saturday, the Broncos began the process of looking to find veteran backups for new starting quarterback Peyton Manning.
Hanie will be given a chance to win Denver's No. 2 quarterback job outright in training camp and the preseason.
A former collegiate standout at Colorado State, Hanie started four games for the Bears last year in place of the injured Jay Cutler. The Bears did not attempt to re-sign Hanie in free agency, instead landing veteran Jason Campbell to serve as Cutler's backup. The team also brought back Josh McCown to be the No. 3 quarterback.
Hanie has completed 59 of 116 career passes for 679 yards with three touchdowns and 10 interceptions.