Denver started the process of trimming their 2023 roster down with three expected releases- CB Ronald Darby, G Graham Glasgow, and RB Chase Edmonds. The three cuts will result in just $6 million in dead money charges while improving the Broncos net salary cap position by $24.3 million, bringing Denver to about $33 million in cap room, currently the 6th best number in the NFL.
Glasgow’s release resulted in the most savings with the team saving $11 million in cap room. Glasgow was a big signing by the Broncos in 2020, agreeing to a four year $44 million contract as a free agent. It did not click for him early as he battled injuries and only appeared in 20 games in the first two seasons in Denver. He agreed to a significant pay cut in 2022 and did start 13 games for the Broncos. This was probably the right decision for both sides to move on. Glasgow will leave the Broncos with $3 million in dead money.
Darby signed a three year, $30 million contract with the Broncos in free agency in 2021 and also had trouble staying healthy. He played in 11 games in 2021 and then just 5 games in 2022. There may have been some hope that he would return on a reworked contract but since he has just one year left on his contract there would be little harm in allowing him to test the market since the cap impact is the same either way. His release saves the Broncos $9.64 million in cap room, also leaving them with $3 million in dead money.
Edmonds was acquired as part of the Bradley Chubb trade with the Dolphins last year in what was probably a salary dump by Miami at a position that the Broncos were looking for some help in. His cut saves the team $5.92 million and leaves them with no dead money.