Russell Wilson's Release Leaves Broncos with $85M in Dead Cap
Broncos Cap Space Implications
Current Cap Situation
After releasing Russell Wilson, the Denver Broncos now have $85 million in dead cap, according to Over the Cap. This dead cap hit stems from signing bonuses and other guaranteed money remaining on Wilson's contract. Despite this significant dead cap figure, the Broncos currently have $191,337,701 worth of Top 51 contracts counting against their cap.
Cap Savings and Remaining Space
With 66 players currently under contract, the Broncos now have $161 million in cap space. This figure includes approximately $95 million in cap space for 2023, according to Over the Cap. However, after the Broncos made roster cuts, their remaining cap space has been reduced to $8,131,37.
Roster Cuts and Cap Space
The Broncos' roster cuts have resulted in a significant reduction in their cap space. The team is now left with only $8,131,37 in cap space, according to an undisclosed source. This reduction in cap space will likely impact the Broncos' ability to sign new players and re-sign existing ones.
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