The Broncos waived Johnson on Tuesday, Chris Tomasson of The Denver Gazette reports.
Johnson was a favorite of coach Sean Payton last season, seeing action in 13 games while making a pair of starts. He finished with 19 catches for 284 yards and four touchdowns on 30 targets spanning 343 offensive snaps. With the additions of Josh Reynolds and rookie fourth-rounder Troy Franklin, Johnson loses his spot on the 53-man roster. There's a solid chance the Broncos view him as a practice squad candidate.