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:
The 2009 second-rounder can reportedly make up to $3.5M this season; he did not visit Dove Valley.
The 2006 fifth-rounder started 79 of the 90 games he played in over his eight seasons with the team, but only dressed for 11 games over the past two seasons.
As expected, the Broncos have tendered restricted free agents Chris Harris (second round, $2.187M) and Mitch Unrein (right of first refusal, $1.431M), and nontendered Trindon Holliday.
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.
Jackson had visited Denver, Tennessee, and Miami, and had reportedly drawn interest from Arizona and Minnesota as well.