Broncos Sign CB Wale Dada, Waive Lamont Reid

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Cornerback Wale Dada signed with the Denver Broncos Tuesday, three days after he was waived by the New Orleans Saints.

The Broncos waived second-year cornerback Lamont Reid.

The 5-foot-10, 201-pound Dada has never appeared in an NFL regular season game but spent time on the rosters of the New York Jets in 2006 and Seattle Seahawks in 2007.

He spent the final month of the 2007 season on the Seahawks' practice squad.