Broncos Shopping Britton Colquitt

6:39pm: The Broncos are now gauging trade interest in Colquitt, according to Klis, who lists the Vikings, Cardinals, Panthers, and Bears as plausible suitors for Colquitt.

5:56pm: The Broncos have asked punter Britton Colquitt to accept a pay cut, according to Nicki Jhabvala of the Denver Post. Vic Lombardi of Altitude Sports (Twitter link) was the first to report that Denver was discussing a restructure with Colquitt.

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Colquitt, 31, is scheduled to earn a $3.75MM base salary, and will count $4MM against the Broncos’ salary cap. If Colquitt refuses a pay decrease and is released, Denver would take on $750K in dead money on its 2016 cap. For what it’s worth, Colquitt told Lombardi (Twitter link) that expects the Broncos to cut either him or sixth-round rookie Riley Dixon today or tomorrow, as Colquitt doesn’t think the club would carry two punters into the final preseason game.

Colquitt didn’t play in Saturday night’s preseason game against the Rams, as the Broncos told him before the contest that Dixon would handle punt and holding duties. “Usually they tell you a little sooner but I knew all week that could be a possibility,’’ Colquitt told Mike Klis of 9NEWS. “I’ve only punted six times (in the first two preseason games), he had only punted five times. You can’t take a chance on somebody if you haven’t seen him punt. I had a feeling that would probably happen, which is fine.’’

After accepting a pay cut prior to last season and lowering his base salary by about $1.4MM, Colquitt proceeded to appear in all 16 games, averaging 39.7 net yards per punt, good for only 20th in the NFL.

Photo courtesy of USA Today Sports Images.