The Denver Broncos are releasing running back Chase Edmonds to save salary cap space, according to a report from ESPN’s Adam Schefter.
Edmonds, 26, was scheduled to have a base salary of $5.66 million this season. Denver will create an additional $5.92 million in cap space after cutting Edmonds, according to OverTheCap.com.
The Broncos acquired Edmonds as part of the Bradley Chubb trade last year. He was healthy for five games in Denver last season, rushing 26 times for 125 yards and adding six receptions for 61 receiving yards.
Edmonds said after the season ended that he would like to remain with the Broncos, but without a restructured contract, he was unlikely to return in 2023. Edmonds will now become a free agent.
The Broncos, meanwhile, will be in the market for a running back this offseason. Javonte Williams, the team’s starter, is recovering from a torn ACL and LCL, putting his status for Week 1 in doubt.
Denver can begin negotiating with free agent running backs on Monday, and the team holds five picks for the upcoming NFL draft.
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