As per Mike Florio, the Broncos have added an insurance policy to Peyton Manning's contract. Manning is signed through 2016 and will be guaranteed $40M over the next two seasons, after having passed his physical in March.
If Peyton were to reaggravate the neck injury that cost him his 2011 season, the team would be able to cut Manning and void the $20M salary he's due in 2014. The insurance policy would provide Denver with cap relief and $10M in cash in the case of any other serious injury.
Updated 12:46pm ET
Just a week ago, we wrote the following about civil rights champion Chris Kluwe:
We'll wish Kluwe all the best, unless he ends up in Oakland, as the Star Tribune suggests is a possibility, along with Dallas, Cleveland, and Carolina. But no matter where he lands, we'll always appreciate Kluwe's justness and support for his fellow human beings.
Well, you know what happened...
Carl Poston, the agent for Charles Woodson, provided an update on the status of his client this morning, via Josina Anderson:
Charles Woodson had a good meeting with the Denver Broncos. I believe they feel his versatile style will help their defense shine more. We remain in discussions with them. Charles is also still talking to Oakland, and a new team entered the mix during his visit to Colorado.
Was Poston referring to the Panthers?
Updated 2:44pm ET
According to Mike Klis, Charles Woodson's visit to Dove Valley ended with no contract agreement. However, both Klis and Vic Lombardi seem to think this story isn't over yet:
All things quiet on the Broncos front, which means they're probably negotiating a deal right now.— Vic Lombardi (@VicLombardi) May 15, 2013
Sneed hears that former Chicago Bear Brian Urlacher, whose stellar, longtime career with the Bears began with a growl and ended with a whimper, is getting close to finding a new pigskin playground.
Sneed is told that Urlacher, whose decision to leave the Bears followed their offer of a $1.6 million renewal contract, has been talking to the Minnesota Vikings and the Denver Broncos. “It’s getting close to happening, but Brian is leaning toward heading to Minnesota and is talking a one to two year contract,” said a source close to Urlacher.
As we've been saying here at IAOFM since February and a couple times more recently, Charles Woodson as a matchup safety for the Broncos is an excellent idea (If you're not sure what we mean by a matchup safety, here is a fine refresher course).
The Broncos' struggles at covering tight ends in recent years, and especially last season, have been well documented.
To that end, Vic Lombardi is reporting that the team is finally going to take a closer look at Woodson:
Updated 8:23pm ET
For the coaching staff, it was their first on-field look at the Broncos' draftees and undrafted free agent signings, along with a trio of players invited for an extended tryout.
According to Mike Klis, two of those invitees were impressive enough that they will be signed - CSU DE Lanston Tanyi, and UCLA LB Damien Holmes.
Updated 9:29pm ET
The Broncos announced the jersey numbers for this offseason's acquisitions, including veteran free agents, draft choices, and undrafted rookies.
Chances are, there will be more changes as players are cut throughout the summer. But it's May 8, so this is the riveting stuff we get to discuss.
Some observations, in numerical order:
Updated 4:25pm ET to include veteran switches
Baltimore may have gotten a good measure of revenge on John Elway in recent months, but he still owns Cleveland.
The Broncos have announced the hiring of former Browns GM Tom Heckert as their new director of pro personnel, the role recently vacated by Keith Kidd.
But Heckert was fired by the Browns, who went just 14-34 during his three-year tenure there, so how does this count as Elway sticking it to Cleveland again?
You see, Heckert was actually a popular figure in northeastern Ohio - at least enough for one activist Browns fan to set up a Dont Fire Heckert (sic) website, and another to start an online petition imploring new (and now troubled) owner Jimmy Haslam to keep the incumbent GM.
Updated 12:41pm ET
Despite their soul-crushing playoff loss, and even prior to their mostly excellent preseason, the Broncos have been 2013 overdogs.
As the recent Week 1-16 lines put out by Cantor Gaming suggest, nothing has changed there.
Among those 15 games, Denver is favored in 13, including eight games by a margin of at least six points, and three by double digits.
The only games in which the Broncos aren't currently favored are their Week 12 trip to New England, for which they're 1.5-point underdogs, and the Week 16 game at Houston, which is currently a pick 'em.