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The Denver Broncos have agreed to trade a fourth-round NFL draft pick to the Jacksonville Jaguars in exchange for cornerback A.J. Bouye. The move won’t become official until the new league year begins on March 18 but it’s going to happen as long as Bouye passes his physical examination.
By trading for Bouye, Denver has agreed to take on his contract, which has two years remaining.
The Broncos will now be responsible for paying Bouye about $13.5 million in 2020 and 2021, according to Nick Korte of OverTheCap.com. None of that is guaranteed, so it’s a low-risk move for Denver.
Before making the trade, the Broncos had around $70 million in salary cap space, according to OTC. After accounting for Bouye’s salary, Denver will be down to $56.5 million in cap space.
The Broncos are expected to cut quarterback Joe Flacco later this offseason, a move that would save more than $10 million. That would bring Denver’s salary cap space to $65.5 million.
So after making his first big move of the offseason, Broncos general manager John Elway still has plenty of cap to work with.
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