Here are the biggest moves of the first day of the 2014 NFL league year.
He was due to make $13.9M in salary and command a cap number of nearly $18.2M; the move provides Chicago with more than $9.8M in relief.
Peppers graded out at -4.4 over 865 snaps last season; Allen -4.0 over 1,083; Ware was good for +12.6 over just 648 snaps.
According to Adam Schefter, the Broncos will sign former Browns safety T.J. Ward.
The Plain Dealer's Mary Kay Cabot reports that Denver landed the 2013 Pro Bowler for an average of just $5.5M per year.
SB 32/33-winning line coach Alex Gibbs has again left Denver's coaching staff. He will be replaced by former USC, Tennessee Vols, and Raiders assistant James Cregg, who will assist line coach Dave Magazu.
Jeff Legwold says Denver will indeed try to move Orlando Franklin inside to left guard and shift Chris Clark over to right tackle.
Multiple reports say the Cowboys are about to cut DeMarcus Ware, the NFL's 18th all-time leading sack man.
Ware will turn 32 in July.
The Browns have reportedly agreed to a four-year deal with Karlos Dansby that will pay the linebacker $10M in the first year.
Reports also have Cleveland signing former Niners safety Donte Whitner to a deal worth $7M/year over four years.
Adam Schefter says Caldwell's deal maxes out at a very reasonable $3.45M over two seasons; the soon-to-be 29-year-old made $1.8M over the course of his previous two-year deal with the Broncos.
The former Bengal caught 16 passes in 2013 for 200 yards and three scores; he added two receptions for 26 yards in the postseason.
No real reports had linked Michael Johnson to Denver, but some speculative articles suggested he'd be a logical fit.
Still, his expected five-year, $43.75M deal with Tampa Bay will impact the Broncos' efforts to add another pass rusher, whether it be Jared Allen or someone else.
A slew of transactions have occurred/are occurring on Monday as the commencement of the 2014 league year and free agency loom tomorrow (4pm ET).
Here are the notable pre-deadline moves so far: