Round 2, Pick 56 - Cody Latimer, WR
Latimer was a hot name before the draft, and many people thought he could sneak into the first round. For the Broncos to be able to get him in the middle of the second round is a great value, even if they had to trade up to get him.
Slot receiver Wes Welker will be a free agent next season, meaning the Broncos will need his replacement if they don't bring him back. Emmanuel Sanders can slide into Welker's role, but then they would need someone who can win outside. Latimer is 6'2" and has great hands that quarterback Peyton Manning will love.
It's never a bad thing to give Manning more weapons, but Latimer was a great value and should become a productive player in time.
Round 5, Pick 156 - Lamin Barrow, OLB
The Broncos would have loved to land one of the top linebackers in the draft, but they would have had to give up a lot of value in trade to move up to get one. Instead, they added depth in Lamin Barrow in the fifth round.
Barrow isn't a big thumper, but he can play on special teams, and he's athletic enough to drop into coverage. On a defense that should be playing a lot of pass defense and using sub packages, Barrow could come in and push for some type of role. At worst, Barrow will contribute on special teams.
Round 6, Pick 207 - Matt Paradis, C
This pick is very much for the future for the Broncos. Will Montgomery and Manny Ramirez have proven to be solid starters at center, so Paradis will likely have a hard time making the roster.
If Paradis does well enough, he could force the Broncos make a difficult decision at the end of training camp. At least that's the hope with this pick.
"Paradis is a stoutly built, intelligent, hard-nosed overachiever who will make it difficult for coaches to cut him," per Nolan Nawrocki of NFL.com.
Extra centers often land on the practice squad as teams like to have two healthy ones on the active roster at all times. Even if he is cut, he can develop on the practice squad while he refines his game.