6 contracts that are holding Broncos back heading into 2024 season

  • WR room is way overpriced
  • Right tackle and left tackle positions are expensive
  • Of course, the QB thing...

Oct 30, 2022; London, United Kingdom, Denver Broncos wide receiver Jerry Jeudy (10) is congratulated by his teammates in a game against the Jaguars.
Oct 30, 2022; London, United Kingdom, Denver Broncos wide receiver Jerry Jeudy (10) is congratulated by his teammates in a game against the Jaguars. / Nathan Ray Seebeck-USA TODAY Sports
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Mike McGlinchey, Denver Broncos
Oct 1, 2023; Chicago, Illinois, USA; Denver Broncos tackle Mike McGlinchey (69) blocks against the Chicago Bears. / Jamie Sabau-USA TODAY Sports

Mike McGlinchey, OT

Contract: 5 years, $87.5 million ($52.5 million guaranteed)
2024 cap number: $18.5 million

When the free-agent signing period began this past spring, the Broncos raced to improve the offensive line, landing San Francisco 49ers free-agent offensive tackle Mike McGlinchey early on in the process.

He was given a 5-year, $87.5 million deal and while he was solid as a run blocker, he struggled in pass protection and had numerous penalties called against him this season. It wasn't a good season for a player the team and Broncos Country had high hopes for, particularly for a guy who was once selected in the top 10 of the NFL draft.

The Broncos won't be moving on from McGlinchey and with it being a new contract, there likely won't be a lot of wiggle room in terms of making changes to it. They are just going to have to hope for McGlinchey to play a lot better in 2024. If not, this deal is going to go down as a bad one for the team.