The Denver Broncos are beginning to near contract agreements with a variety of their 2012 draft picks, as Mike Klis of the Denver Post reports. Klis notes that the contracts should ultimately be quite similar to contracts given to players drafted in the same slot last year given the minimal change in the league's salary cap.

Here's an outline of the team's top three picks and what Klis believes they'll receive based on last year's contracts:

• No. 36 overall pick DT Derek Wolf will likely receive something around a four-year deal worth $7.6 million with at least the first two years of the deal being guaranteed.
• No. 57 overall pick QB Brett Osweiler will likely receive a four-year deal worth about $3.04 million, a fairly cheap deal for a young quarterback as Klis adds.
• No. 67 overall pick RB Ronnie Hillman will likely receive something around a four-year, $2.75 million deal. The Broncos gave that contract to linebacker Nate Irving last year after taking him with the same No. 67 pick.
The Broncos are also negotiating with four other draft picks, including fourth-round pick Omar Bolden.