Terrance Knighton suggests he’d take a discount to stay with Broncos

A day after guaranteeing that the Broncos would win the Super Bowl, pending free agent Terrance Knighton said he'd like to remain in Denver, perhaps even at a slight discount to the market.

The defensive captain told Andrew Mason,

So Denver is definitely where I want to be, and when that time comes, if they're in the ballpark, I'll be a Bronco.

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Broncos extend Chris Harris through 2019

The Broncos got an enormous head start on a lengthy offseason to-do list by extending cornerback Chris Harris through the 2019 season. According to Mike Klis, the deal includes a $10M signing bonus and $24M in guarantees, including $18M over the 2015 and 2016 seasons.

The contract reportedly has a total value of $42.5M, or $8.5M per season. That average annual value would rank Harris 12th among NFL cornerbacks, according to OTC.

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Report: 2015 salary cap projected to around $140M

According to Jarrett Bell, NFL execs are being advised to expect the 2015 salary cap will rise to between $138M and $141M.

This is in line with what Jason Fitzgerald has been predicting over at OTC; under the assumption of a $140M cap, Denver figures to enter the offseason with around $30M in space.

The Broncos may need all of that if they're to re-sign key free agents Demaryius Thomas, Chris Harris, Julius Thomas, and Terrance Knighton. Orlando Franklin, Rahim Moore, and Virgil Green are also pending UFAs.

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More on the Broncos’ release of Matt Prater

OTC's Jason Fitzgerald has cleared up the caponomic questions relating to Matt Prater's release.

Per Fitzgerald, the move saves $2.294M in cash and cap this season.

As for the 2015 impact, there's a savings of at least $3.25M in cash and cap, and a dead money hit of at most $812,500.

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What would it mean for Denver to cut Matt Prater and keep Brandon McManus?

Yes, the jury's still out on Brandon McManus as an NFL placekicker.

Of course, he's on a Denver Broncos team that features Peyton Manning, so there's that.

McManus has established, at least on kickoffs a Mile High, that his leg strength is comparable to Matt Prater's.

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Report: Von Miller, other first-rounders have holdout weapon

According to Mike Florio, Von Miller can hold out for almost the entirety of his fifth season (2015) and still become a free agent the following offseason.

It would be a costly tactic, as Von is set to draw his biggest salary to date ($9.754M). And Denver would still have the option of using its franchise tag on Miller at that point.

We don't see negotiations between Von and the Broncos getting to that point, but it's an important possibility to keep in mind.

Jacob Tamme takes a pay cut

It took several months longer than we'd expected, but the Broncos have finally reworked the contract of Jacob Tamme.

The backup tight end was set to make an unwieldy $3M salary; according to Arnie Stapleton, he has agreed to cut that to $1.25M.

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J.J. Watt cashed in, and Von Miller is licking his chops

The full details are in on J.J. Watt's extension with the Texans, and Von Miller says his draft classmate is underpaid.

Prior to the deal, Watt was signed through 2015, with salaries of ~$900K this year and ~$10M the next, with the 2015 salary (the fifth-year option) only guaranteed for injury.

At the time of signing, $20.9M was fully guaranteed, and by next week, another $10M will be fully guaranteed.

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Texans extend J.J. Watt through 2021

Houston has extended defensive end J.J. Watt through the 2021 season.

Initial reports say it's worth $100M over six seasons, with $51.8M in guarantees.

That would make it a very similar contract to the one Buffalo gave Mario Williams, when they signed him away from Houston.

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OTC: Broncos currently have $6.54M in cap space

According to OTC's latest updates, Denver has $6.539M in cap space, thanks to having carried over a chunk from 2013.

Only nine teams have less dead money on their caps than Denver does ($7.046M).

Looking ahead to 2015, the Broncos have $28.8M in space under a theoretical $140M cap.

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