According to PFT, the Broncos have opted not to tender return man Trindon Holliday as a restricted free agent.
Instead, the boom-or-bust player will be free to sign with any team, for a salary that we believe could be as low as $570K.
The Broncos announced their release of Champ Bailey on Thursday afternoon. Said John Elway in a statement:
This was a difficult decision for our team with everything that Champ Bailey has meant to the Denver Broncos and this community over the last 10 years. Without question, he’s among the best cornerbacks to ever play the game and one of the finest players in the history of the Broncos. You couldn’t ask for more in a player than what Champ brought to this team. His combination of elite talent, class, leadership and competitiveness made him one of the all-time greats.
Not defending #colts paying D'Qwell Jackson $22 mill/$11 mill guaranteed. But Denver, Tenn and Miami would have ponied up that much.— Mike Chappell (@mchappell51) March 6, 2014
Good Morning, Broncos fans! We're now just two days shy of the annual legalized tampering period, and five days from the official start of free agency.
With Champ Bailey's salary about to come off the books, Denver has enough room to go on a shopping spree to rival their past two offseasons - when they added Peyton Manning, Louis Vasquez, Terrance Knighton, Wes Welker, and Dominique Rodgers-Cromartie, among others.
There may be no part of the NFL year that's more exciting than this, games included.
Look, we all saw this coming, didn't we? It's been obvious for many months now that Champ Bailey would not be back in 2014, at least not at his $10M cap figure.
The only question was whether the future HOFer would accept a hefty pay cut and/or shift to safety in order to stick around.
Obviously, the answers are no, and no.
Jackson had visited Denver, Tennessee, and Miami, and had reportedly drawn interest from Arizona and Minnesota as well.
Legendary corner Champ Bailey will be released by the Broncos after ten seasons with the team.
The three-time All-Pro and 12-time Pro Bowler was told of the decision by Johns Elway and Fox on Wednesday.
Bailey was not offered a chance to renegotiate a lower salary or position move, but acknowledges he may have to shift to safety to catch on elsewhere.
Good Morning, Broncos fans! With the new league year set to begin in just six days, things are starting to heat up in Denver.
Expectations remain that linebacker D'Qwell Jackson will choose his next home by the end of the week.
According to the Miami Herald, Jackson has narrowed his options to Denver, Tennessee, Miami, and Indy.
He was expected to meet with the Colts either last night or sometime today.
Good Morning, Broncos fans! After hosting D'Qwell Jackson at Dove Valley on Monday, Denver is doing more work on its middle linebacker problem today.
The 2005 second-rounder out of USC began his career by starting 68 out of 70 games for the Seahawks, making the Pro Bowl in each of his first three seasons.
But a torn pectoral muscle ended his 2009 season, and he struggled through 2010 (-13.9 PFF grade over 1,250 snaps).
Good Evening, Broncos fans! Ahead of Monday's deadline, Washington franchise tagged linebacker Brian Orakpo, making them just the fourth team to use such a tender this offseason.
Transition tenders allow teams to match offer sheets for their own players, but without the possibility of draft-choice compensation, should they opt not to match.