Well, this puts a dent in Kenneth Dixon's budding value. Woodhead is an elite pass-catcher and an underrated runner. He's likely to form a committee with Dixon, who will serve as the team's primary back. Both players look like PPR RB2/RB3 types at this point. The signing is good news for Melvin Gordon, who will have virtually no competition for touches. It's also good for C.J. Anderson, since it was rumored that the Broncos were interested in reuniting Woodhead with OC Mike McCoy.