With Russell Wilson on board and salary cap space to spare, the Denver Broncos should be armed with plenty of ammo to make a big splash in free agency
Welcome to free agency, the time when holes are filled, weaknesses become strengths, and draft priorities become more clear. For the Denver Broncos, it’s going to be the most exciting free agency period since 2014 when the Broncos acquired Demarcus Ware, TJ Ward, Aqib Talib, and Emmanuel Sanders after falling to Russell Wilson and the Seattle Seahawks in Super Bowl XLVIII.
Why?
Well unless you’ve been living under a rock, you already know that the Broncos have acquired future Hall of Fame quarterback, Russell Wilson in a trade with the Seattle Seahawks. The number one priority of the offseason, a quarterback, has already been figured out.
If the Broncos were to call it quits and not acquire a single free agent, they would still get an A+ for their offseason as the Broncos are now back in the mix as a viable Super Bowl contender.
However, it’s unlikely they are done just yet as the team is still flush with cap space and the window to win is now officially open. Before we dive into the moves, let’s take a quick look at where the Broncos sit in cap space:
After a flurry of moves reported by Mike Klis of 9 News:
Per sources, Broncos have tendered Exclusive Rights Free Agents QB Brett Rypien, ILB Jonas Griffith, safety P.J. Locke. Typically minimum salaries. #9sports
— Mike Klis (@mikeklis) March 13, 2022
It's $2.5 million total on one year for Anderson, so right there with $2.54M original round tender. #9sports https://t.co/QUY3p6BbYE
— Mike Klis (@mikeklis) March 13, 2022
FB Andrew Beck was to be RFA. Rather than an original round tender of $2.54M, Broncos and Beck worked a 1-year deal.
— Mike Klis (@mikeklis) March 13, 2022
Beck figures to be used more in Hackett's West Coast offense. Beck: "I sure hope you're right. I've enjoyed my conversations with all the coaches. (more) #9sports
While the structures of the deals aren’t official, it’s safe to say that they will likely be around $2.5 million for each Beck and Anderson as they are right in line with what the original round tender would be.
Assuming there are no void years to lessen the blow on the cap, they will both account for a total of around $5 million. This leaves the Broncos with roughly $22.5 million in remaining cap space. While this doesn’t seem like a ton, that money can go a long way to bringing some serious talent to the Mile High City. Let’s dive in.