Welcome back to Day 2 of the NFL’s legal tampering period. The league year officially starts Wednesday and when it does, the Broncos will be finalizing contracts with several players.
They spent Monday beginning what’s shaping up to be quite a roster overhaul under general manager George Paton and new head coach Sean Payton, agreeing to terms with six players.
Here’s how the action broke down from Monday.
Denver started its offensive line rebuild with a couple of big swings in RT Mike McGlinchey and G Ben Powers.
The Broncos signed defensive lineman Zach Allen, while Dre’Mont Jones went to Seattle.
Two weeks after Paton called linebacker Alex Singleton “a baller,” Denver’s 2022 leading tackler is back on a three-year deal.
Payton and Paton added a couple of important depth pieces on offense in QB Jarrett Stidham and tight end Chris Manhertz.
Of course, there’s a lot of offseason left, so plenty of questions are still out there.
For example, should Denver pay big free agent bucks to sign a running back?
How about trading a wide receiver?
OK, on to the updates.
Updates
12:00 p.m.: We’re starting to get an idea of what the Broncos’ 2023 cap position looks like after Monday’s spending spree based on The Post’s reporting, Over The Cap data and other reports from around the country. It’s worth noting here that it’s safest to consider the numbers preliminary until the paperwork is officially filed with the NFLPA after the league year begins.
Powers is getting a $13 million signing bonus and, according to ESPN, has a $2 million base salary for 2023. So prorating the bonus over his four-year deal, his cap number in 2023 is $5.25 million.
OTC has Singleton’s cap charge at $3.33 million for 2023 and Stidham’s at $3.51 million.
Denver, according to multiple reports, held the 2023 base salaries low for McGlinchey and Allen.
Allen has a $15 million signing bonus and a $2.25 million base salary in 2023 — then salaries of $15.25 million in 2024 and $12.74 in 2025 (plus $510,000 in potential roster bonuses) — meaning his cap number for the upcoming season is $7.25 million when the bonus is prorated over his three-year contract.
McGlinchey is receiving a $17.5 million signing bonus and has a $2.5 million base salary in 2023 meaning his cap number for 2023 is $6 million when prorating the bonus over the five years of his deal. According to the reported details of his deal, he has $52.5 in nearly guaranteed money over the first three years of the agreement.
The only contract details that haven’t been reported are for Manhertz, but his 2023 cap number will not be prohibitive. Using some back-of-the-envelope math, the Broncos are probably somewhere in the neighborhood of $10 million in cap space remaining for 2023.
Remember, the Broncos can clear a lot more cap room if they restructure some deals for players currently on their roster. That’s not free money — it all counts against the cap at some point — but it’s an avenue to explore if Denver is really going to punch the accelerator on adding players.
Who are the Broncos’ outgoing free agents?
| Name | Position | 2023 team | Contract |
|---|---|---|---|
| Alex Singleton | ILB | Denver | Three years |
| Andrew Beck | TE | Houston | Two years |
| Billy Turner | OT | ||
| Calvin Anderson | OT | ||
| Cam Fleming | OT | ||
| Dakota Allen | ILB | ||
| Dalton Risner | OG | ||
| Darius Phillips | CB | ||
| DeShawn Williams | DL | ||
| Dre’Mont Jones | DL | Seattle | Three years |
| Eric Saubert | TE | ||
| Eric Tomlinson | TE | ||
| Kareem Jackson | S | ||
| Latavius Murray | RB | ||
| Marlon Mack | RB | ||
| Mike Boone | RB | Houston | Two years |
| Tom Compton | OT | ||
| Chase Edmonds | RB | ||
| Graham Glasgow | OG | ||
| Ronald Darby | CB |
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