The wide receiver market is dwindling by the hour, with Emmanuel Sanders the next intriguing name to come to terms. He's especially intriguing because of where he's going.

Sanders is the latest free-agent prize of the Denver Broncos, NFL Media's Albert Breer reported Saturday, per a Broncos source. The former Steelers receiver presumably will take over Eric Decker's role in the Broncos' offense. Fox Sports' Alex Marvez first reported the news.

The Broncos confirmed their latest addition Sunday, saying they had agreed on a three-year deal with Sanders.

Sanders' journey to the Broncos was fascinating. He visited the Jacksonville Jaguars, Tampa Bay Buccaneers and Kansas City Chiefs. NFL Media's Ian Rapoport reports that Sanders reached a verbal agreement with the Chiefs on Saturday.

Sanders' agent Steve Weinberg then negotiated with the Buccaneers, according to another source involved in the process. Weinberg never told the Bucs he had accepted the Chiefs' offer. This all happened before he went to the Broncos. Sanders and Weinberg also rankled the San Francisco 49ers by agreeing to visit, then blowing it off. A Broncos source told Rapoport on Sunday that the team had no knowledge of any prior agreements before they agreed to terms with Sanders.

"This was one of the worst situations in modern football negotiations," one executive involved said. "Totally wrong. This needs to be stopped."

This peak into how the sausage gets made is ugly, but it ultimately worked out for the Broncos. With Andre Caldwell also re-signing, Denver's top four receivers are set with Demaryius Thomas, Wes Welker, Sanders and Caldwell. Sanders can play on the inside and out, although we like him best out of the slot. That's a crowded spot in Denver with Welker and Thomas usually playing between the hash marks.