The Facts: Simms is close to finalizing a free-agent contract with the Broncos, a source told FOXSports.com's Alex Marvez.

Diehards Line:Josh McDaniels has claimed that Jay Cutler isn't on the trading block. But if the Broncos' first-year head coach changes his mind, McDaniels could have another viable option as Cutler's replacement. Simms, 28, spent last season with the Titans after being cut by Tampa Bay. The release ended a bumpy five-year Buccaneers run. Simms landed in then-coach Jon Gruden's doghouse after being the team's starter for 14 games in 2005 and 2006.