Denver Broncos News & Rumors

Minor NFL Transactions: 7/21/24

Today’s minor transactions to wrap up this final weekend before training camps begin:

Baltimore Ravens

Chicago Bears

Denver Broncos

Detroit Lions

Green Bay Packers

Kansas City Chiefs

Broncos RBs Javonte Williams, Samaje Perine Competing For One Spot?

With two young running backs expected to earn a pair of roster spots in Denver, the Broncos may have to choose between two of their more experienced rushers. Troy Renck of the Denver Post believes Javonte Williams and Samaje Perine are ultimately competing for one roster spot.

This would be an unfortunate turn of events for Williams, who was a second-round pick only three years ago. The North Carolina product never truly got a chance to lead the backfield in Denver. He did top 1,200 yards from scrimmage as a rookie, but he still split most of his reps that season with veteran Melvin Gordon. Then, his sophomore season was limited to only four games thanks to a torn ACL, LCL, and posterolateral corner.

To Williams’ credit, he managed to return and start 13 of his 16 appearances in 2023. However, he averaged only 3.6 yards on his 217 carries, and while he finished the year with 47 receptions, that resulted in only 228 yards. While that drop in production could easily be attributed to his recovery from a devastating knee injury, the Broncos will surely use training camp and preseason to evaluate the running back ahead of the 2024 campaign. For what it’s worth, Renck observed that Williams “looked bigger and stronger” during the spring.

Perine was productive during his first season in Denver, finishing with a career-high 50 receptions and 693 yards from scrimmage. Heading into his age-29 season, Perine is the most veteran member of the Broncos RB corps, and with rookie Bo Nix under center, the Broncos may lean on the former fourth-round pick (especially in the passing game). Still, as Renck notes, Williams has also proved to be a capable pass-catcher, so the offense wouldn’t be completely lost without Perine.

Renck believes rookie fifth-round pick Audric Estime will earn one of the spots on the depth chart. The Notre Dame product had a breakout campaign in 2023, finishing the year with 1,341 rushing yards and 18 touchdowns. The rookie suffered a knee injury during OTAs but is expected to be a full participant at training camp.

The team is also expected to hang on to Jaleel McLaughlin. The 2023 UDFA had a productive rookie season in Denver, finishing with 570 yards from scrimmage. He also notably hauled in 31 of his 36 targets, perhaps making him an option on third downs.

The NFL’s Eight-Figure Dead Money Hits For 2024

The NFL moved into new territory this offseason, with one Broncos decision creating a staggering gap between the most costly dead money hits and No. 2 on the all-time list. Beyond Denver’s Russell Wilson release, other teams are taking on notable dead cap hits in 2024. Here are the players who will account for more than $10MM in dead money on teams’ payrolls this year.

  1. Russell Wilson, QB (Broncos): $53MM
  2. Stefon Diggs, WR (Bills): $31.1MM
  3. Kirk Cousins, QB (Vikings): $28.5MM
  4. Haason Reddick, EDGE (Eagles) $21.52MM
  5. Jamal Adams, S (Seahawks) $20.83MM
  6. J.C. Jackson, CB (Chargers): $20.83MM
  7. David Bakhtiari, T (Packers): $18.15MM
  8. Danielle Hunter, EDGE (Vikings): $14.91MM
  9. Carlton Davis, CB (Buccaneers) $14.1MM
  10. Andrus Peat, OL (Saints): $13.64MM
  11. Kevin Byard, S (Titans): $13.36MM
  12. Mike Williams, WR (Chargers): $12.46MM
  13. Aaron Jones, RB (Packers): $12.36MM
  14. Chandler Jones, EDGE (Raiders): $12.27MM
  15. Mike Evans, WR (Buccaneers): $12.19MM
  16. Keenan Allen, WR (Chargers): $11.62MM
  17. Xavien Howard, CB (Dolphins): $11.41MM
  18. Michael Thomas, WR (Saints): $11.19MM
  19. Laken Tomlinson, G (Jets): $10.74MM
  20. Leonard Williams, DL (Giants): $10.64MM
  21. Arik Armstead, DL (49ers) $10.31MM
  22. Quandre Diggs, S (Seahawks): $10.26MM
  23. Byron Jones, CB (Dolphins): $10.1MM
  24. Maliek Collins, DT (Texans): $10MM

Months after trading for Wilson, the Broncos gave the decorated quarterback a five-year, $245MM extension. While Wilson offered something of a bounce-back effort from a shockingly mediocre 2022, Sean Payton‘s team still opted to designate him as a post-June 1 cut. Wilson’s $37MM injury guarantee, which the Broncos attempted to move in an effort that led to NFLPA involvement but no grievance, would have resulted in comparable dead money in 2025 had he remained on Denver’s roster on Day 5 of the 2024 league year and then been released next year.

The Broncos will receive a small cap credit — due to Wilson’s veteran minimum Steelers deal — in 2025, but the team will take on more than $83MM in total dead money from the release. This shatters the NFL record for dead money, which the Falcons previously held by trading Matt Ryan ($40.5MM), and the contract will remain on Denver’s books through the 2025 season. The Broncos opted to take on more dead money this year than next, separating this post-June 1 cut from most teams’ strategies.

The Bills’ decision to trade Diggs less than two years after giving him a four-year extension broke the non-QB dead money record. Unlike the Wilson matter, Buffalo will take on the Pro Bowl wide receiver’s full dead cap hit this year. Ditto Green Bay, which passed on a Bakhtiari post-June 1 designation. The Chargers will also be rid of the Allen and Williams responsibilities after 2024. The Seahawks also passed on post-June 1 designations with Adams and Diggs.

New Orleans has Thomas set to count more than $9MM in dead money in 2025 as well due to using the June 1 strategy. The Dolphins are still paying out the Jones contract from a 2023 post-June 1 designation, while Howard’s post-June 1 status will create a $15.7MM dead money penalty in 2025.

Void years created the Vikings’ Cousins cap hit. After attempting to negotiate a fourth contract with the veteran quarterback last year, the parties failing to come to terms resulted in void years being added in a restructure. The Falcons came in much higher than the Vikings were willing to go, guarantee-wise, leading Minnesota to a new QB path and significant Cousins dead money.

The Eagles also included three void years on Reddick’s contract, and the Buccaneers will eat some Evans dead money — despite re-signing the 11th-year wide receiver just before free agency — due to a void year-driven trigger before the latest contract was signed.

Minor NFL Transactions: 7/17/24

Some roster movement today in minor transactions as several teams are starting to add players to early injured lists:

Chicago Bears

  • Placed on active/NFI list: T Kiran Amegadjie
  • Placed on active/PUP list: DT Jamree Kromah

Denver Broncos

Green Bay Packers

Houston Texans

Kansas City Chiefs

Los Angeles Chargers

Seattle Seahawks

There was good news on the Horton front back in May as it was announced that the Texans defender had completed his final treatment for Hodgkin lymphoma. As a rookie out of TCU, Horton sat out the final seven games of the 2023 season on the non-football illness list. As he continues to work his way back to the field, it appears he’ll start the summer on the list, as well.

Thompson’s situation in Kansas City also received some good news of late. After suffering a seizure that caused him to go into cardiac arrest in early-June, the Chiefs defender continues to make progress towards a return. He’ll start the summer on the non-football injury list but will continue to work his way back as he continues with medical procedures, per Nate Taylor of The Athletic.

AFC West Notes: Broncos, Gallup, Chargers

Rumored to be at an impasse with the Broncos regarding his contract, Courtland Sutton said recently he is not certain he will show for training camp. It should be considered more probable than not the seventh-year wide receiver reports due to the hefty fines (at least $50K per day) that would pile up if he skipped. One sign Sutton is a decent bet to resurface in Denver next week: he attended throwing sessions with Jarrett Stidham and Bo Nix recently. An SMU product who grew up near Houston, Sutton was among the pass catchers in attendance at the Stidham-organized workouts, 9News’ Mike Klis notes.

Sutton showing represents a good sign for Denver fans. Though, the 6-foot-4 target missed nearly the entire offseason program — and time to establish a rapport with the first-round QB — before making a minicamp cameo. Sutton, 28, has angled for a raise. He is tied to a four-year, $60MM deal that runs through 2025. Only $2MM of the former Pro Bowler’s $13MM 2024 base salary is guaranteed, though the rest of it will lock in just before Week 1.

Here is the latest from the AFC West:

Broncos Not Looking To Trade Garett Bolles

Broncos left tackle Garett Bolles is entering the final year of his current contract and is due a non-guaranteed $15.75MM base salary this season, to go along with a team-high $20MM cap hit. A trade or extension would have eased the burden on Denver’s cap, which is currently bloated by a league-leading $67.65MM in dead money stemming largely from the Russell Wilson release.

As Parker Gabriel of the Denver Post writes, however, the Broncos made it clear throughout the offseason that they are not looking to trade Bolles, their longest-tenured player. That makes it sound as if other clubs contacted Denver about acquiring the 2017 first-rounder, though there have been no public reports in that regard. Teams did check in on Bolles in the run-up to last year’s trade deadline, with the Broncos rebuffing overtures for all of their offensive talent.

Despite their resistance to any trade interest, the Broncos also do not seem to be in any hurry to extend Bolles. We heard in November that Bolles is interested in a new multiyear pact, and while the two sides could always open negotiations, it currently appears that the team is prepared to simply let their LT play out his contract and revisit the situation in 2025.

There is some logic to that. Denver is clearly in rebuild mode, so carving out cap space for 2024 is not necessarily a top priority, and authorizing a big-ticket extension for a 32-year-old blocker may not be the best use of limited resources (although it may have allowed the club to retain center Lloyd Cushenberry, who defected to the Titans in free agency). A trade for draft capital would have contributed to the rebuilding effort, but despite the Broncos’ bleak competitive outlook for the upcoming campaign, there is perhaps more value in having an established blocker protect the blind side of either Jarrett Stidham or first-round rookie Bo Nix, whom the team hopes will become its franchise QB.

While Bolles has never earned Pro Bowl honors, he has been a solid, starting-caliber LT since he entered the league, even considering his struggles with penalties during the early stages of his professional tenure. While he has been unable to replicate his elite 2020 performance, which made him Pro Football Focus’ third-highest-graded tackle that season and which earned him the four-year, $68MM extension he is about to finish up, he has mostly justified that investment.

He has also proven to be durable, with 2022 representing the only season in which he missed significant time due to injury. Bolles’ desire for a new contract notwithstanding, he was present for all of the Broncos’ voluntry workout this offseason, as Gabriel observes.

WR Josh Reynolds On Lions Departure, Broncos Deal

Josh Reynolds enjoyed a strong campaign in 2023 with the Lions, but he found himself on the move in free agency this offseason. The veteran receiver joined the Broncos on a two-year deal, something he recently addressed.

Reynolds posted 4o catches and 608 yards with Detroit last season; both of those figures represented the second-highest totals of his career. He also matched a personal best with five touchdowns. That production kept him on the Lions’ radar, but the team did not submit a market-level contract offer. As a result, Reynolds ultimately signed in Denver on a pact with a base value of $9MM.

“[It’s] business,” the 29-year-old said of the Lions not making a stronger push to re-sign him this offseason (via Jon Heath of Broncos Wire). “It’s a business, but you know, I think I’m at where I’m supposed to be at, and I’m excited.”

The Broncos traded away Jerry Jeudy as part of their re-tooling at the receiver spot. Tim Patrick remains in the fold, as does Courtland Sutton (although in the latter case a contract standoff is currently taking place). Denver also has 2023 second-rounder Marin Mims along with fourth-round rookie Troy Franklin in place as targets for the team’s revamped QB room. Reynolds will aim to carve out a role as part of that group, and he noted the appeal of playing under head coach Sean Payton as a key factor in signing with Denver.

“It was kind of a lot,” the Texas A&M product added when speaking about the reasons why he joined the Broncos. “I think the main decision was that I’ve always admired Sean Payton from afar. I was excited to see what that offense looked like.”

Denver struggled under Nathaniel Hackett for less than a full season in 2022, and Payton’s arrival brought about a slight improvement. The team finished 19th in scoring last year, but a step forward in passing efficiency in particular will be needed in Payton’s second year at the helm. With Russell Wilson no longer in the fold, all eyes will be on which signal-caller earns the Week 1 nod once training camp and the preseason commences. For Reynolds, though, 2024 will mark the opportunity to establish himself as a key receiving option and a strong fit in Payton’s scheme.

The NFL’s Longest-Tenured GMs

The NFL’s general manager ranks featured some key shakeups this offseason. One of the longest-tenured pure GMs in the game, Tom Telesco, lost his Chargers seat 11 years in. The Raiders, however, gave Telesco a second chance. He now controls the Las Vegas roster. Only Telesco and the Jaguars’ Trent Baalke reside as second-chance GMs currently.

Two long-serving personnel bosses also exited this offseason. The Patriots’ decision to move on from 24-year HC Bill Belichick gave Jerod Mayo a head coaching opportunity but also resulted in Eliot Wolf belatedly rising to the top of the team’s front office hierarchy. A former Packers and Browns exec, Wolf held decision-making power through the draft and kept it on an official basis soon after. While John Schneider arrived in Seattle with Pete Carroll in 2010, the latter held final say. Following Carroll’s ouster after 14 seasons, Schneider has full control.

[RELATED: The NFL’s Longest-Tenured Head Coaches]

The Commanders changed GMs this offseason, hiring ex-San Francisco staffer Adam Peters, but Martin Mayhew received merely a demotion. The three-year Washington GM, who worked alongside Peters with the 49ers, is now in place as a senior personnel exec advising Peters. Rather than look outside the organization, Panthers owner David Tepper replaced Scott Fitterer with Dan Morgan, who had previously worked as the team’s assistant GM.

Going into his 23rd season running the Saints, Mickey Loomis remains the NFL’s longest-serving pure GM. This will mark the veteran exec’s third season without Sean Payton. An eight-year gap now exists between Loomis and the NFL’s second-longest-tenured pure GM.

As the offseason winds down, here is how the league’s 32 GM jobs look:

  1. Jerry Jones (Dallas Cowboys): April 18, 1989[1]
  2. Mike Brown (Cincinnati Bengals): August 5, 1991[2]
  3. Mickey Loomis (New Orleans Saints): May 14, 2002
  4. John Schneider (Seattle Seahawks): January 19, 2010; signed extension in 2021
  5. Howie Roseman (Philadelphia Eagles): January 29, 2010[3]; signed extension in 2022
  6. Les Snead (Los Angeles Rams): February 10, 2012; signed extension in 2022
  7. Jason Licht (Tampa Bay Buccaneers): January 21, 2014; signed extension in 2021
  8. Chris Grier (Miami Dolphins): January 4, 2016[4]
  9. John Lynch (San Francisco 49ers): January 29, 2017; signed extension in 2023
  10. Chris Ballard (Indianapolis Colts): January 30, 2017; signed extension in 2021
  11. Brandon Beane (Buffalo Bills): May 9, 2017; signed extension in 2023
  12. Brett Veach (Kansas City Chiefs): July 11, 2017; signed extension in 2024
  13. Brian Gutekunst (Green Bay Packers): January 7, 2018; agreed to extension in 2022
  14. Eric DeCosta (Baltimore Ravens): January 7, 2019
  15. Joe Douglas (New York Jets): June 7, 2019
  16. Andrew Berry (Cleveland Browns): January 27, 2020: signed extension in 2024
  17. Nick Caserio (Houston Texans): January 5, 2021
  18. George Paton (Denver Broncos): January 13, 2021
  19. Brad Holmes (Detroit Lions): January 14, 2021: agreed to extension in 2024
  20. Terry Fontenot (Atlanta Falcons): January 19, 2021
  21. Trent Baalke (Jacksonville Jaguars): January 21, 2021
  22. Joe Schoen (New York Giants): January 21, 2022
  23. Ryan Poles (Chicago Bears): January 25, 2022
  24. Kwesi Adofo-Mensah (Minnesota Vikings): January 26, 2022
  25. Omar Khan (Pittsburgh Steelers): May 24, 2022
  26. Monti Ossenfort (Arizona Cardinals): January 16, 2023
  27. Ran Carthon (Tennessee Titans): January 17, 2023
  28. Adam Peters (Washington Commanders): January 12, 2024
  29. Dan Morgan (Carolina Panthers): January 22, 2024
  30. Tom Telesco (Las Vegas Raiders): January 23, 2024
  31. Joe Hortiz (Los Angeles Chargers): January 29, 2024
  32. Eliot Wolf (New England Patriots): May 11, 2024

Footnotes:

  1. Jones has been the Cowboys’ de facto general manager since former GM Tex Schramm resigned in April 1989.
  2. Brown has been the Bengals’ de facto GM since taking over as the team’s owner in August 1991.
  3. The Eagles bumped Roseman from the top decision-making post in 2015, giving Chip Kelly personnel power. Roseman was reinstated upon Kelly’s December 2015 firing.
  4. Although Grier was hired in 2016, he became the Dolphins’ top football exec on Dec. 31, 2018

Broncos’ QB Competition Will Not Place Bo Nix In Third-String Role

JULY 8: Echoing previous reports on the subject, Parker Gabriel of the Denver Post confirms Nix could earn the No. 1 gig outright based on his training camp performances. Likewise, he notes Wilson is an underdog for the backup spot as things stand, although he adds the latter’s arm talent could still keep him in the mix to beat out Stidham and earn an extended period developing under Payton. The Broncos’ allotment of training camp and preseason reps under center will certainly be worth watching closely.

JULY 5: Sean Payton‘s second Broncos quarterback room features an interesting makeup, as the team has its 2023 backup (Jarrett Stidham) and a trade acquisition (Zach Wilson) joining this year’s sixth QB chosen (Bo Nix).

While the sixth QB taken in a draft sometimes stretches into Round 2 or Round 3, Nix was this year’s 12th overall pick. The Oregon and Auburn product is most likely going to be the Broncos’ starter at some point this season — perhaps in Week 1 — but Stidham fared best during Denver’s offseason program. Considering the team’s Russell Wilson backup played in Payton’s system last year, it is not too surprising he looked the best to start the three-way competition.

[RELATED: Broncos’ QB1 Job Nix’s To Lose?]

A scenario in which Nix struggles during training camp would stand to see one of the veterans receive the call for Week 1, but while the five-year college QB’s development is the central Broncos storyline, the team’s decision on which veteran passer to retain is also part of this competition. Regardless of how Nix performs during camp, 9News’ Mike Klis notes the Broncos will not go into the season with their first-rounder as the third-string quarterback.

Nix’s floor being QB2 pits Stidham and Wilson against each other. So far, Wilson is noticeably behind. The former Jets franchise-QB hopeful exited minicamp with ground to cover for the backup job. Although Wilson may have more arm talent than the other two passers in Denver’s competition, his erratic New York stay undercuts this part of his game. Stidham probably offers a higher floor by comparison, though bridge option represents the best-case scenario for the sixth-year arm this season.

Nix having set the record for most starts by a Division I-FBS quarterback (61) and joining Jayden Daniels and Michael Penix Jr. in going into an age-24 season makes him an illogical third-stringer, and Payton’s past carrying two QBs points to the team’s upcoming roster call being a Stidham-or-Wilson decision. The Broncos will obviously focus their training camp around Nix reps as well. Klis also viewed Stidham as the team’s most consistent QB during the offseason program, though training camp and the preseason will obviously reveal more about the passers’ 2024 capabilities.

Money will be a factor, with just $1MM of Stidham’s $4.49MM base salary guaranteed. Even so, the Broncos — thanks to an agreement with the Jets to split Wilson’s 2024 pay — will probably not base this decision solely around finances. It would cost the team only $2.76MM if Wilson is the odd man out, while a Stidham cut would cost $2MM. Though, the Broncos would save $5MM by releasing Stidham. Wilson would also need to pass through waivers if cut, whereas Stidham is a vested veteran.

The Broncos have not given the keys to a rookie quarterback since John Elway 41 years ago. Drew Lock began the 2019 season on IR, while Trevor Siemian beat out Paxton Lynch for the 2016 job. Lynch was the team’s top backup to start that season, however, with trade acquisition Mark Sanchez being released before Week 1. Tim Tebow and Jay Cutler did not start games until late in their rookie seasons. Tebow began his rookie season as a third-stringer — behind Kyle Orton and Brady Quinn — but Nix is not viewed as the kind of raw prospect the popular left-hander was 14 years ago.

Nix would represent a course change, but the Broncos certainly need one given how their passers have fared since Peyton Manning‘s retirement.

Latest On Broncos’ RBs Group

It’s certainly safe to say that the Broncos’ two-year tenure with Russell Wilson leading the offense did not go as planned. While Wilson himself certainly could’ve been the key factor in his team’s underwhelming performances, a lack of support was a factor, as well. Over the past two seasons, the Broncos were one of only two teams without a 1,000-yard rusher or receiver, the other being the Ravens, who have the luxury of a fielding a two-time MVP at quarterback and a top defensive unit.

With Wilson now out in Pittsburgh, the Broncos’ supporting skill players are going to be that much more crucial to the team’s success in 2024. And with the Jerry Jeudy joining Wilson in the AFC North, the running backs, in particular, are going to need to step up for a brand-new quarterbacks groups.

The team’s top three rushers from last season – Javonte Williams (217 attempts-774 rushing yards-3 rushing touchdowns), Jaleel McLaughlin (76-410-1), and Samaje Perine (53-238-1) – all return to the roster in 2024. Additionally, the team added Notre Dame rusher Audric Estime in the fifth round of this year’s draft and Memphis-product Blake Watson as an undrafted free agent.

With fullback Michael Burton all but guaranteed a spot on the initial 53-man roster, per ESPN’s Jeff Legwold, that leaves three or, maybe, four roster spots over which the above players will compete. Williams is a likely lock for a roster spot. The former second-round pick has yet to record a 1,000-yard season or score more than four touchdowns in a year, but he’s been their best rusher over his three years in the league, despite being hindered by injury. And, while Watson flashed at times in the team’s spring program, he’s likely the first odd man out, though he could wind up on the practice squad.

That leaves two or three spots for three players. Denver could decide to roll with four running backs and a fullback and eliminate the need for a decision, but more likely, Burton’s presence on the roster will probably limit the Broncos to three roster spots for four backs.

As an undrafted rookie out of Youngstown State, McLaughlin showed up in a big way as Williams dealt with an injury early last season. McLaughlin got the nod over Perine in those few games, but for most of the season, they held similar rushing responsibilities behind Williams. The big difference is that Perine was, by far, the team’s best receiving back throughout the year. Perine’s 455 receiving yards outpaced both Williams (228) and McLaughlin (160) combined, though the latter two both had two scores each through the air to Perine’s zero.

With 2,261 rushing yards and 29 touchdowns for the Fighting Irish in the past two seasons, Estime could potentially bring a production that was lacking in the room last season. At 6-foot-1, 215 pounds, Estime also brings a physical presence to the room that wasn’t there last year.

It’s difficult to determine who holds more value between McLaughlin and Perine. Perine holds the obvious advantage of experience and receiving prowess, while McLaughlin was relied upon in Williams’ absence last year and, at 23 years old, has much more tread on his tires on a much cheaper contract. Then, consider if Estime provides more value than either player, and the decision muddies even further.

In the end, Denver may decide that it serves the team best to hold on to all four running backs going into the season. If not, the Broncos decision could come down to whether they prefer the experience of Perine, the contract of McLaughlin, or the potential of Estime.