Bannan, Williams released; CBA talks extended

The Broncos have announced via Twitter that veteran defenders Justin Bannan and Jamal Williams have been released just a year after both were originally signed as free agents. Bannan earned $10.5 million in guarantees as part of his deal with Denver and was due a $500,000 roster bonus and $3.5 million salary in 2011. Williams received $7 million in guarantees with his contract and according to Mike Klis was set to earn a $1 million roster bonus an $4.2 million in salary. Along with the release of Daniel Graham yesterday, Denver has cut $14.4 million in salary and bonus obligations from their 2011 payroll. See Andrew Mason's latest entry for more details.

Also, the Broncos have chosen not to tender RB Laurence Maroney, who was acquired midseason with a sixth-round pick from New England in return for a fourth-rounder.

Update 5:38PM ET - As for the CBA negotiation: according to Jim Trotter via Twitter,

the sides have agreed on the 24-hour extension. they're awaiting approval from judge doty. should be a formality.

Update 5:32PM ET - It looks like the CBA extension will be only for a 24-hour period, if it does happen.

In other player news, free agent safety OJ Atogwe has reportedly signed a 5-year deal with the Redskins. Earlier in the week, ESPN.com's Bill Williamson had reported that Denver would be pursuing Atogwe. Meanwhile, Adam Schefter is reporting that the Lions have released LB Julian Peterson. Earlier today, the Texans re-signed TE Owen Daniels and the Saints re-upped with RB Pierre Thomas, while TE Jeremy Shockey says he will be signing with Carolina.

Original post 5:14PM ET - According to NFL Network's Jason La Canfora, the owners and NFLPA are likely to extend the CBA deadline. Via Twitter,

Discussions ongoing in DC, nothing official yet, but momentum growing for "stopping the clock." Decision looming by 5:30. Sides talking...Terms of an extension of CBA window are open to negotiation - how long? can existing free agents still be signed? drug policy enforceable?...Those kinds of issues would have to be agreed upon first, then Judge Doty would have to sign off on the paperwork from office in Minnesota

Doug is IAOFM’s resident newsman and spelling czar. Follow him on Twitter @IAOFM

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