Extension Candidate: Nik Bonitto

As the Broncos reconstructed their pass-rushing corps following the Von Miller trade, high-profile veterans Bradley Chubb and Randy Gregory headlined the team’s depth chart. Baron Browning and fellow Ohio State alum-turned-2021 Broncos draftee Jonathon Cooper loomed as rotational pieces as well. The team’s plans changed fairly quickly to start its first post-Miller season.

Denver traded Chubb for a big haul, collecting first- and fourth-round picks from the Dolphins for the 2018 first-rounder. The team, which had dealt two firsts and six more assets to the Seahawks for Russell Wilson, then sent that first to the Saints for Sean Payton‘s rights. Immediately coming in as the lead decision-maker in Denver, Payton bailed on Gregory and has since traded Browning — a 2021 third-rounder. That trade with the Cardinals came days after the Broncos extended Cooper at what looks like a team-friendly rate, considering what the emerging edge defender could have made if he tested the 2025 free agent market.

While Cooper’s four-year, $54MM deal locks the seventh-round success story in through 2028, the Broncos’ other OLB starter has become one of the NFL’s top 2024 breakthroughs. Chosen with the second-round pick obtained from the Rams in the Miller trade, Nik Bonitto has produced a season that will price him well north of the range into which Cooper settled. Eligible for an extension next month, the third-year EDGE will provide an interesting case for a Broncos team that is both building around a rookie-quarterback contract while still paying the penalty for its previous QB mistake.

Coming to Denver as a pass rush specialist deemed a work-in-progress against the run, Bonitto has delivered the Broncos’ first double-digit sack season since Miller and Chubb both did so in 2018. The Broncos kept seeing injuries derail further efforts to deploy Miller and Chubb together, but thus far, Bonitto and Cooper have been catalysts for the team’s defensive turnaround. With Cooper locked in, the focus will shift to Bonitto, whose rookie contract runs through next season.

Bonitto’s 11.5 sacks are tied for fourth in the NFL; the Oklahoma alum’s 20 QB hits match his full-season total from 2023. Bonitto’s 32 pressures are tied for 11th leaguewide. The improved defender also has memorably produced two defensive touchdowns, recording a pick-six against the Browns and then snatching a backward pass — on a slow-developing Colts trick play — and adding a second score. While Bovada gives Patrick Surtain the only realistic chance to overtake T.J. Watt as Defensive Player of the Year, Bonitto sits third among the odds for this award.

For a Broncos team that made three of this century’s worst personnel decisions (hiring Nathaniel Hackett as HC, trading for Wilson and then extending him), Bonitto has provided a vital spark — particularly with regards to GM George Paton‘s job status. Continuing to fight off rumors he might be jettisoned, Paton has given the now-Payton-led team integral pieces via the draft. Bo Nix obviously headlines the Broncos’ roster right now, but Surtain, Bonitto, Cooper and Quinn Meinerz have been important pieces to the team turning its operation around despite carrying a staggering $90.1MM in dead money.

Paton has extended Surtain, Meinerz, Cooper and John Elway-era draftee Garett Bolles this year. Bonitto’s 2024 season may be good enough that the Broncos cannot realistically entertain not paying him by 2026. The franchise tag could come into play for the former No. 64 overall pick at that point, as Bonitto’s value has climbed to an interesting place. But the Broncos would be wise to engage in earlier extension talks with their top pass rusher.

Cooper’s deal only made him the league’s 22nd-highest-paid edge rusher. It would seem unrealistic the Broncos could present Bonitto an offer outside the top 10 in that market. Anything beyond the top five ($25MM AAV and up) may also be a stretch, as both Brian Burns and Josh Hines-Allen each reached $28MM per year on their 2024 extensions. Those pacts rank second and third among edge players, and the market will change soon.

Fireworks are also likely coming in this market next year, with the likes of Watt, Myles Garrett, Micah Parsons and Trey Hendrickson entering contract years. Bonitto would be wise to wait to see what the market looks like late next summer, while the Broncos would be better off making an early move — as they did with Surtain this summer — and paying their ascending OLB before the top of the market changes.

The team took on the bulk of the Wilson dead money this year, carrying $53MM in dead cap on its payroll, but $30MM-plus is due to hit next year. That undercuts a Broncos effort to capitalize on Nix’s rookie deal. The Broncos’ 2026 cap sheet will look a bit better, with Nix still on rookie terms and Wilson’s contract removed from the equation, but a Bonitto extension — assuming Nix’s upward trajectory continues — would stand to overlap with a monster QB extension by the late 2020s. That would be a good problem for a Broncos team that whiffed many times trying to replace Peyton Manning, however.

Surtain and four of the team’s five offensive line starters are all now signed through at least 2026. Courtland Sutton and D-lineman Zach Allen‘s contracts go through 2025. Like Nix and this contingent, Bonitto has established himself as a core performer. When his extension talks start will be a key Broncos storyline to monitor during the upcoming offseason.