Denver Broncos general manager George Paton is getting the team prepared for the start of NFL free agency next week by creating additional salary cap space.
The Broncos released three players — cornerback Ronald Darby ($9.6 million), offensive lineman Graham Glasgow ($11 million) and running back Chase Edmonds ($5.9 million) — in a trio of moves on Friday that created more than $26.5 million in additional cap space.
After making those moves, Denver has around $33 million in available cap space going into free agency. The exact number is disputed — Spotrac.com lists $33,861,307 while OverTheCap.com lists $33,130,684 — but it seems safe to say the total is within the ballpark of $33 million.
That should be enough for the Broncos to make a few splashes during NFL free agency next week, and the team could create more cap space with additional roster cuts. Denver could also restructure select contracts to create even more cap space.
Paton might not be done making cap-related moves just yet, but the team is in a healthy cap situation after Friday’s trio of cuts.
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