The Denver Broncos are a large favorite to select former Oregon quarterback Bo Nix in the 2024 NFL Draft, with several mocks sending him to Sean Payton's team.

Denver holds the No. 12 overall pick in the event, and with one of the worst quarterback situations in the NFL, hardly anyone would argue against the notion that the Broncos would be extremely unwise not to take a signal-caller.

ESPN's Field Yates went so far as to caution the team against the "opportunity costs" of passing on a prospect like the accurate Oregon quarterback who has drawn comparisons to past NFL greats like Drew Brees.

“I think this is one of those where the opportunity cost is too good for Denver to pass up on taking a quarterback,” Yates said on Wednesday.

Yates also mocked Nix to Denver himself in his latest mock draft.

"The clock is ticking for the Broncos to address the quarterback room — they currently have only Jarrett Stidham and Ben DiNucci on the roster, and there are few remaining available options to boost the depth outside of the draft," he wrote. With four quarterbacks off the board, the Broncos must act urgently. They don't have a second-round pick this year, making any sort of move up the board difficult to pull off. So I instead have them taking my QB5 despite him being the No. 37 prospect on my board."

"Nix's accuracy and processing speed would appeal to coach Sean Payton, as he finished his college career by completing 77.4% of his passes in 2023 — an FBS single-season record. His tape was impressive to watch."

It will be interesting to watch what the Broncos ultimately decide to do, but it's heavily expected they'll be taking either Nix or his Pac-12 counterpart, Washington's Michael Penix Jr,, with their first selection of the event.