The Denver Broncos are projected to be $24 million over the salary cap this offseason, leaving the team to make some tough decisions.
The Broncos could make some creative contract adjustments this spring to create more salary cap space. One way Denver could save cap space is through simple restructures, according to OverTheCap.com.
In a simple restructure, the Broncos can take payments and convert them into a signing bonus that is prorated into cap hits over the course of the contract. For example, a $4 million salary could be converted into a $3 million signing bonus that would be prorated as $1 million cap hits over the next three years (dropping the 2024 cap hit from $4 million to $2 million).
Maximum restructures are more complicated. In a max restructure, cap hits are prorated into the future by either giving a player an extension or adding void years to a contract.
Denver could save $48,265,444 in cap space this year through simple restructures, according to OTC. The team could create $112,019,979 through maximum restructures.
Here’s a quick look at 10 ways the Broncos could create more cap space either through simple restructures or extensions, courtesy of OTC.
1
OT Mike McGlinchey: $10,406,250 (Restructure)
2
DL Zach Allen: $9,416,667 (Restructure)
3
OL Ben Powers: $7,250,000 (Restructure)
4
WR Courtland Sutton: $5,987,500 (Restructure)
5
LB Alex Singleton: $2,182,500 (Restructure)
6
OT Garett Bolles: $11,632,000 (Extension)
7
DB Justin Simmons: $10,632,000 (Extension)
8
WR Jerry Jeudy: $9,489,600 (Extension)
9
WR Tim Patrick: $6,700,000 (Extension)
10
DL D.J. Jones: $6,624,000 (Extension)
