The Denver Broncos have released tight end Jeff Heuerman per various reports. Heuerman was expected the be the type of player who would be very vulnerable in a year of very uncertain economics. Heuerman was scheduled to earn up to $4 million this season with a cap hit up to $4.5 million. They will free up $4 million in cash and $3.875 million in cap space with the release.
Heuerman had signed a two year, $8 million contract with the team in 2019, but since then the Broncos had spent a first round pick on Noah Fant in 2019, a 4th round pick on Okwuegbunam this year, and signed Nick Vannett in the offseason. Those three players combined will earn just $5.42 million, this year, and the addition of the latter two players likely contributed to the decision to release him.
Heuerman will leave the Broncos with $500,000 in dead money. Though the cap is very fluid right now we currently estimate Denver to have about $20 million in cap room for 2020 following the cut.
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Jason is the founder of OTC and has been studying NFL contracts and the salary cap for over 15 years. Jason has co-authored two books about the NFL, Crunching Numbers and the Drafting Stage, which are widely circulated in the industry and hosts the OTC Podcast. Jason’s work has been featured in various publications including the Sporting News, Sports Illustrated, NFL Network and more. OTC is widely considered the leading authority on contract matters in the NFL.