It didn't take long for Phillip Lindsay to find a new home. A day after the Broncos rescinded his franchise tag, the Denver native landed in Houston on a 1-year Deal valued at up to $3.25 Million.
Lindsay, who of course starred at the University of Colorado is represented by Mike McCartney who is the son of legendary CU Coach Bill McCartney and Mike was nice enough to break the Lindsay news on Twitter.
Lindsay who became the first undrafted running back to make the Pro Bowl in 2018, ran for 1,000 yards in each of his first 2 seasons, but injuries in 2020 limited him to just 11 games, and 502 yards on the ground. The Broncos placed an "original-round" Restricted Free Agent contract tender on him, which would've paid him $2.1 Million had he remained in Denver, or would've allowed the team to match any offer he may have gotten to leave the Mile High City.
Yesterday morning, George Paton rescinded the offer and explained the reasoning for doing so, making the Denver South High product a true free agent. "We’ve had a lot of talks over the last couple of weeks with Phillip and Mike McCartney, his agent, Paton said. "At the end of the day, we wanted to do right by Phillip. He’s been a great player here and he’s been great in the community. He’s one of the more popular players for the Broncos the last few years and we wanted to let Phillip hit the market and maximize his value, so that’s what we did. He deserves that."
Lindsay will have to battle for carries with veteran Mark Ingram II who last week signed a 1-year deal with the Texans as well. Lindsay received a $500 Thousand signing bonus. His base salary is $2.25 Million and he has a $500 roster bonus. There's also a pair of $250 Thousand incentives for 750 total yards and for 1,000 yards rushing.
Below is Lindsay's Farewell Tweet to Broncos Country