The Broncos’ running back depth chart is presently topped by Javonte Williams, who tore his ACL in October, and career second fiddle Samaje Perine. Given that, and given GM George Paton‘s Vikings ties, Denver has been considered a logical landing spot for four-time Pro Bowl RB Dalvin Cook, who was released by Minnesota several days ago.
Mike Klis of 9News.com has thrown some cold water on those rumors, reporting that the Broncos “do not appear to be in on” Cook. Before Cook’s release became official, Klis reported that Denver was highly unlikely to swing an eleventh-hour trade for him, and financial considerations certainly played a part in that decision. Had the Broncos acquired Cook via trade, they would have been on the hook for his $10.4MM salary in 2023, as Cook had no desire to work out a restructure as part of a trade. And the Vikings, who clearly cut Cook for cap reasons, may not have been inclined to eat much salary to facilitate a swap.
Even though Cook is now on the free agent market, money remains a key issue. Per Barry Jackson of the Miami Herald (via Twitter), Cook still wants to make close to the $10.4MM salary he was due to earn with the Vikings, and multiple reporters (including Jackson) have suggested that he is willing to be patient in his efforts to secure that payout. At present, the Broncos only have about $6MM of cap space.
Of course, Denver could create the necessary salary cap room if it really wanted to, but on-field factors are also influencing the club’s decision to stay away from Cook. Williams participated in OTAs, and though he has yet to take part in 11-on-11 drills, Klis estimates that the third-year pro has a better than 50-50 chance to start the regular season opener. Williams clearly has RB1 ability, and even if he is not fully healthy for the start of the 2023 campaign, it does not make sense to sign Cook to a lucrative contract and not have a spot for Williams when he is ready to return to the field.
Klis does believe that the Broncos could seek to add another player with starting experience to its running back room, as the options behind Williams and Perine — Tony Jones, Jr., Tyler Badie, and UDFA rookie Jaleel McLaughlin — are either uninspiring or unproven. Such an addition, though, would be considerably less expensive than Cook.
If Cook’s market does not materialize in the way that he hopes, or if the current reports on Williams’ prognosis prove overly optimistic, it is possible that the Broncos could circle back to Cook (after all, they have reportedly monitored the Florida State product for some time). Until then, however, it appears that the Dolphins will remain the frontrunners for his services.