Denver Broncos Cap Situation: A Detailed Breakdown
Salary Cap Overview
The Denver Broncos currently have $85 million in dead cap space, after releasing quarterback Russell Wilson. This leaves them with approximately $20 million in cap space for the upcoming season. The team is expected to have around $2425 million in cap space in 2024, which is a significant increase from the $2248 million they had in 2023.
Salary Cap Contracts
The Broncos have a number of key players with large cap hits in 2024. These include Bradley Chubb ($24 million), Courtland Sutton ($16 million), and Justin Simmons ($15 million). The team also has a number of players with expiring contracts, including Kareem Jackson, Melvin Gordon, and Graham Glasgow.
Bonus Money
The Broncos have a number of players with significant bonus money due in 2024. These include Chubb ($10 million), Sutton ($8 million), and Simmons ($7 million). The team will need to make decisions about whether to extend these players or let them walk in free agency.
Dead Money
As mentioned above, the Broncos have $85 million in dead cap space in 2024. This is due to the release of Wilson and a number of other players. The team will need to manage this dead cap space carefully in order to avoid penalties.
Cap Savings
The Broncos can create cap space by releasing or trading players. They can also extend players and reduce their cap hits. The team is expected to make a number of moves in the offseason to create cap space and improve the roster.
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