With the official start of NFL free agency (March 13) exactly one month away, the Denver Broncos are facing a salary cap dilemma.
The Broncos are projected to be about $24 million over the salary cap this offseason, so the team will have to get creative if they want to spend in free agency this spring. Denver can create more cap space through restructures, trades and player cuts.
With help from OverTheCap.com, we’ve come up with a five-step plan to get the Broncos under the salary cap with room to spare. These projected moves are made presuming that Denver will designate quarterback Russell Wilson as a post-June 1 release next month (which isn’t guaranteed, but seems probable).
If Wilson is cut and designed as a post-June 1 transaction, his salary cap hit won’t be different than his current 2024 cap hit ($35.4 million), according to OTC. So the team’s projected cap space factors in Wilson’s (expected) release.
Here’s how the Broncos can get out of the red this offseason.