The San Francisco 49ers announced on Monday that they have agreed to trade tight end Vernon Davis to the Denver Broncos in return for undisclosed compensation. Davis must pass a physical in Denver for the trade to be executed.

"On behalf of the entire 49ers organization, I would like to thank Vernon for his decade of contributions to this team and our community," said general manager Trent Baalke. "Not only has he contributed to some of the most memorable moments in franchise history, but he has also positively impacted the lives of many others through his efforts in the community. We wish Vernon and his family continued success in both football and life."

Originally the sixth overall draft pick in the 2006 NFL Draft by San Francisco, Davis spent 10 seasons with the 49ers and played in 138 games (135 starts) and registered 441 receptions for 5,640 yards and 55 touchdowns. He also started all eight playoff games in which he appeared and recorded 27 receptions for 600 yards and seven touchdowns. Davis' seven postseason touchdowns rank tied for first in NFL history among tight ends.

A two-time Pro Bowl selection (2009 and 2013), Davis ranks first in franchise history in receptions, receiving yards and touchdowns by a tight end. His 5,640 receiving yards also rank sixth in franchise history among all players. Davis is also the only tight end in NFL history to register two seasons with 13-or-more touchdown receptions (2009 and 2013). 

Born in Washington D.C., Davis attended the University of Maryland where he earned consensus first-team All-America and All-ACC honors and was a finalist for the Mackey Award, given to nation's top tight end.