Good Morning, Broncos fans! 2.5 weeks into the new league year, let's check in on where Denver stands financially.
Not including the Winston Justice contract (figure somewhere around $1M for one year), OTC estimates Denver's cap space at around $7.6M.
Although the Broncos sport the highest cap spending in the league so far ($129.2M), they still have decent room thanks to their carryover from 2013 and relative lack of dead money.
As usual, this owes largely to the wise caponomic policies under the watch of John Elway and Mike Sullivan.
But that figure won't be subtracted straight out of the Broncos' cap space. So it's not like adding draft picks will functionally drop their available room to $3.2M.
Remember - the current cap figure is based upon the team's top 51 contracts.
When all is said and done, drafted rookies will end up replacing older players on the final roster. The net contract swap of rookies for veterans may cost a million or two, or it may even be a wash (unlikely).
Basically, Denver still has room to add a player. At this point, whether they're able to do so is likely more about desire and cash.
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