The NFL has set the 2023 salary cap at $224.8 million for each team, according to a report from NFL Network’s Tom Pelissero. That’s more than a $16 million increase from last year’s salary cap.
The Denver Broncos have about $10.6 million worth of unused cap space that will roll over from the 2022 season and be added to their 2023 total. That put Denver’s team-specific salary cap in the range of $235,405,233.
The Broncos currently have $221,706,760 worth of “top 51” contracts counting against their 2023 budget, according to OverTheCap.com. Those contracts subtracted from the team’s salary cap leave Denver with about $13,698,473 worth of cap space going into the offseason.
The Broncos can (and will) create additional cap space by restructuring contracts and cutting select players. Denver general manager George Paton will have plenty of time leading up to the start of free agency (March 15) to find ways to create more cap space.
The Broncos have 18 players scheduled to become unrestricted free agents in March, perhaps most notable including defensive lineman Dre’Mont Jones.
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