Hat tip to SirSam and his FanPost with the news. Here is the official release --
The Denver Broncos on Wednesday signed fullback Peyton Hillis, whom they selected in the seventh round (227th overall) of the 2008 NFL Draft from the University of Arkansas. As per club policy, terms of the deal were not disclosed.
Hillis (6-foot-2, 250 pounds) totaled 2,624 career all-purpose yards and 23 touchdowns as a three-year starter at Arkansas, where he helped clear the way for two-time Heisman Trophy runner-up Darren McFadden. Hillis played 44 career games (29 starts) at Arkansas, posting school records for running backs in career receptions (118), receiving yards (1,195) and receiving touchdowns (11).
He also registered 203 career rushes for 959 yards (4.7 avg.) with 12 touchdowns while adding 257 career punt return yards and 213 career kickoff return yards.
In 2007, Hillis played 13 games (9 starts) for the Razorbacks and led his team in receptions (49) and receiving yards (537). He blocked for two individual 1,000-yard rushers (McFadden and Felix Jones) for the second consecutive season and totaled 886 all-purpose yards.
A SuperPrep All-American who was rated by that publication as the best fullback in the nation at Conway High School in Conway, Ark., Hillis was born on Jan. 21, 1986.
With Hillis' signing, the Broncos have signed five of their nine selections from the 2008 NFL Draft.