Patrick Surtain

Broncos, Patrick Surtain Agree On Extension

September 5th, 2024 at 11:15am CST by Sam Robinson

SEPTEMBER 5: Surtain will receive a $15MM signing bonus, as detailed by Pro Football Talk’s Mike Florio. His compensation for 2024 and ’25 is fully locked in at signing, and his earnings for two seasons after that is set to vest one year early. That includes a $10MM option bonus in 2026, his $7.63MM base salary for that season and a $17MM 2027 salary.

Partial guarantees (for injury at signing, and a full guarantee down the road) are in place concerning Surtain’s 2028 base salary, which totals $19.49MM. His compensation beyond that point – including a $23.49 salary in 2029 – is not locked in, but he will have seen considerable cashflow by that point.

SEPTEMBER 4: After two years of gridlock, the NFL’s cornerback market will see substantial movement. The Broncos have a deal in place with Patrick Surtain, according to veteran NFL reporter Jordan Schultz. As could be expected, a sizable gap will soon exist between Denver’s dominant corner and the field.

Surtain agreed to a four-year, $96MM extension. This makes the 2021 top-10 pick the NFL’s highest-paid corner by a $3MM margin — in terms of AAV. This agreement includes $77.5MM guaranteed, Schultz adds. The deal bridges the gap between the CB and WR markets, and even though a sizable gulf still exists, Surtain began the process of narrowing it.

Because the Broncos picked up Surtain’s $19.8MM fifth-year option in April, this deal will tie the All-Pro defender to the team through the 2029 season. Although clubs made offers for Surtain at the 2023 deadline and trade rumors emerged ahead of this draft, the Broncos had viewed the second-generation NFL corner as a building block for the Sean Payton era. They will back up that talk with this extension.

Denver could have kept the former No. 9 overall pick on his rookie deal into 2025; his first-round contract called for a $1.1MM base salary this year. Surtain secured this megadeal early, and it will give the Broncos cost certainty with their top player. Negotiations intensified over the weekend, per Schultz, who adds the deal was finalized Tuesday night.

Considering Surtain’s age (24) and his performance level, this could certainly be viewed as a bargain for the team. It ties Surtain to Denver through his age-29 season, and the AAV still comes in $11MM south of where Justin Jefferson moved the wide receiver market this offseason. Though, Surtain wanting to lock in a veteran contract early makes sense as well. The deal gives him a $3MM lead on the field, with Jaire Alexander having held the title as the NFL’s highest-paid corner since May 2022. Alexander’s deal had stood as the top CB payment long enough the NFL’s highest-paid safety — the Buccaneers’ Antoine Winfield Jr. — eclipsed it this offseason.

In terms of guarantees, Surtain’s number also created separation between he and the cornerback field. Though, perhaps not as much as should have been expected. The Broncos will receive four additional years of control in exchange for moving the CB guarantee ceiling up by $6.5MM from Denzel Ward‘s previous league-leading mark ($71.25MM). Jalen Ramsey‘s Dolphins rework also passed $71MM in total guarantees.

The gap between CBs and WRs has expanded over the past decade. At this point nine years ago, the cornerback ceiling (Patrick Peterson‘s $14MM-per-year number on his Cardinals extension) matched the deals given to Demaryius Thomas and Dez Bryant at the 2015 franchise tag deadline. Since that point, however, teams began valuing wideouts at a higher rate. The 2022 and ’24 offseasons have separated the two positions significantly. While Surtain did well to move CB money north of where it had resided for years, 12 WRs still out-earn the Denver defender.

Denver received criticism for drafting Surtain over Justin Fields in 2021, but GM George Paton was proven right for making that move. Surtain is a two-time Pro Bowler who earned first-team All-Pro acclaim in 2022. A panel of NFL staffers (via ESPN.com’s Jeremy Fowler) named the fourth-year defender as the NFL’s top corner this offseason. While the Broncos have questions about their No. 2 cornerback spot, they have enjoyed the luxury of an elite stopper anchoring this position group for a bit.

Paton has now signed two members of his first draft class to lucrative extensions, with Surtain following right guard Quinn Meinerz in agreeing to terms on extensions. Meinerz and Surtain join Javonte Williams, Baron Browning and Jonathon Cooper as starters from Denver’s ’21 draft class. This group has given Payton some pieces to build around, but the Broncos’ issues finding a quarterback have continued to interrupt its young position players from making a considerable difference in the win column. As the team is set to begin a Bo Nix-centered plan this season, the long-term vision is coming into focus.

Payton admitted he participated in a smokescreen effort around the Broncos’ first-round pick this offseason. The draft run-up featured rumors about Surtain being used as a trade chip to move the Broncos up the board from No. 12 overall. Surtain, who said he did not expect to be traded, also generated extensive interest at last year’s deadline.

Denver set a two-first-rounder asking price — what Ramsey fetched in 2019 — to start a conversation on Surtain. Although at least three offers came, none were on that level. Surtain helped the team vault from 1-5 into the playoff race following the deadline. He will be the Broncos’ clear DB anchor post-Justin Simmons.

Surtain’s timeline differs from Marshon Lattimore‘s, as Payton authorized a fifth-year payday for the 2017 Saints first-rounder. But the Broncos will act early with their top performer. This doubles the first time the Broncos have extended a rookie-deal player with two years of control remaining. While Russell Wilson‘s dead money prevents the Broncos from capitalizing fully on Nix’s rookie deal, the team taking on the lion’s share of the penalty in 2024 will start to open up opportunities beginning in 2025. The Surtain and Meinerz extensions reflect that.

Surtain’s price will set a high bar for 2022 draftees Sauce Gardner and Derek Stingley, but it should be expected those defenders will use this as a springboard to move the CB market closer to where WR salaries have gone. Both Gardner and Stingley become extension-eligible in 2025.

Garett Bolles Seeking Third Broncos Contract; Patrick Surtain Addresses Extension Status

July 26th, 2024 at 4:48pm CST by Sam Robinson

While dead money somewhat overshadows the contracts still on the Broncos’ 2024 payroll, the team did just give an $18MM-per-year deal to Quinn Meinerz. That gives Denver four eight-figure AAVs on its offensive front, with Mike McGlinchey, Garett Bolles and Ben Powers tied to lucrative deals.

McGlinchey and Powers, signed weeks into Sean Payton‘s HC tenure, are respectively on deals that run through 2026 and 2027. This places Bolles in an uncertain position, as his extension — authorized during John Elway‘s final year as GM — expires after this season. Denver did not entertain trading its left tackle this offseason, but the team’s expenses elsewhere up front open the door to a lower-cost LT being in place come 2025.

Bolles, who is 32 despite being a 2017 first-rounder, continues to aim for another extension that keeps him in Denver for the rest of his career. The Utah alum has been lobbying for a new deal for an extended stretch now. A new deal would create more cap space for the Broncos this year, but it is unclear if they want Bolles around on another big-ticket accord.

“I love this city; I love this organization. I want to play my whole career here,” Bolles said, via 9News’ Mike Klis. “The front office knows that. They know I want to be a Bronco for life. My family’s here, established here. We love it here. We don’t want to go anywhere else. My job is just to play good football. The ball is in their court. I just got to do my job and the rest will take care of itself.”

Bolles is coming off a quality campaign, ranking 13th among tackles in pass block win rate and slotting 19th among all tackles in the view of Pro Football Focus. Despite an early-career issue with penalties, Bolles has never finished a season outside the top 30 in PFF’s tackle rankings. He could set himself up for an interesting free agency run in 2025, having only missed significant time due to injury in one season (2022). Bolles started all 17 Broncos games last season.

Bolles surpassed Ryan Clady in terms of games played by a Broncos left tackle last season, and although other Denver blockers have started for the team beyond Year 7, Bolles (99 career starts) would be the only post-merger option to line up as the Broncos’ primary left tackle in eight consecutive seasons.

One player whom the Broncos clearly do have in their long-term plans, Patrick Surtain is now extension-eligible. GM George Paton has said the team wants its top player in the fold beyond his rookie contract, and Surtain (via the Denver Gazette’s Chris Tomasson) confirmed the organization has expressed as much. Surtain, 24, has not set a hard deadline in terms of when he wants an extension, but the Broncos — after making the quick decision to exercise the All-Pro cornerback’s fifth-year option — have him signed for two more seasons.

Surtain was not as dominant last season as he was in 2022, when his play helped a dysfunctional Broncos squad stay afloat on defense. Surtain said Friday he views himself as the NFL’s top cornerback; a recent ESPN poll among anonymous executives agreed, despite the 2021 first-rounder not repeating his All-Pro 2022 showing last season.

Surtain and Sauce Gardner figure to move cornerback salaries well north of their present ceiling (Jaire Alexander‘s $21MM AAV). With Surtain entering the league a year earlier, he figures to be the player to help bridge the gap between corners and wide receivers. The market booms of 2018, 2022 and 2024 have created a staggering gulf between the top WR contract (Justin Jefferson‘s $35MM-per-year pact) and the CB ceiling.

As corners have been left behind, the Broncos’ negotiations with Surtain could become tricky. The team declined trade offers for the standout cover man at last year’s deadline, and Payton admitted he led a smokescreen effort — one that included Surtain’s name as a trade chip — connected to a quarterback-driven trade-up in April. When the Broncos enter substantive talks with Surtain, it should be considered likely he will want to become the position’s highest-paid player by a notable margin.

Patrick Surtain Open To Broncos Extension; CB Did Not Expect To Be Traded

June 17th, 2024 at 9:46am CST by Adam La Rose

With Justin Simmons no longer in the fold, Patrick Surtain is in place as the centerpiece of the Broncos’ secondary. The latter also profiles as one of the team’s top financial priorities as he is now eligible for an extension.

To little surprise, Denver picked up Surtain’s 2025 fifth-year option. That has him on track to earn $19.8MM next year, although a long-term accord will check in at a much higher price. The Broncos are interested in an extension, one which could approach or reach the top of the cornerback market. Surtain’s latest remarks on the matter demonstrate the feeling is mutual.

“Yeah, definitely,” the 24-year-old said of interest in a long-term Broncos accord (via Chris Tomasson of the Denver Gazette). “When you see those [Ring of Fame] players on the wall and see what they’ve done, it just gives you great inspiration and you look forward to those things to fulfill. Obviously, I want to be a Bronco, so I definitely want to see my name up in the rafters.”

Surtain’s name has been floated in trade rumors, but the Broncos have understandably driven a hard bargain to date. A pair of first-round picks was the starting point in negotiations, and while three teams submitted an offer ahead of the trade deadline, no deal came close to being worked out. Leading up to the draft, the Alabama alum was thought to be a potential chip in a Denver trade-up endeavor. The Broncos stayed put, though, and selected Bo Nix at No. 12.

When asked about the possibility of being dealt before Day 1 of the draft, Surtain said he did not expect to be moved. With he and the Broncos in line to remain together for at least two more years, attention can now turn to the progress of extension talks. The former first-rounder posted four interceptions as a rookie and followed that up by earning first-team All-Pro honors one year later. 2023 did not result in the same accolades, but Surtain did manage to receive a second straight Pro Bowl nod.

The cornerback market includes three producers (Jaire Alexander, Denzel Ward and Jalen Ramsey) who are attached to deals averaging $20MM or more. Surtain will no doubt look to reach that plateau, although cap increases could lead to him aiming for the top of the pecking order at the position. With Nix on his rookie deal and few big-money investments on defense, the Broncos could be positioned to make a lucrative Surtain investment. Whether or not one is agreed to this summer will be a key storyline to follow.

Broncos Do Not View Zach Wilson As Starter; Teams Believe Denver Could Trade Patrick Surtain For QB

April 24th, 2024 at 11:01pm CST by Sam Robinson

The Broncos’ trade for Zach Wilson is not expected to affect the team’s plans in the first round. Sean Payton’s team still wants to add a passer, and it appears willing to go to the extreme to make it happen.

Wilson is not viewed as a starter in Denver, according to The Athletic’s Dianna Russini. A report late last week suggested the Broncos would be willing to include All-Pro cornerback Patrick Surtain in a deal to move up for a quarterback Thursday night, and Russini notes teams in the top five believe the Broncos could indeed include their top player in a package that gives them a passer Payton covets (subscription required).

While confirming Payton wants a quarterback — which has long been the expectation for the Broncos in Round 1, potentially via moving up or down from No. 12 — Russini adds the Broncos do have a limit regarding how much they are willing to give up. Veterans on expiring contracts could also be in play in a trade-up scenario. The Broncos do not have a 2024 second-round pick, limiting their draft arsenal compared to other teams — like the Vikings, Raiders and Giants — linked to moving up for a passer.

Denver has left tackle Garett Bolles on an expiring deal, and Courtland Sutton (signed through 2025 on a $15MM-per-year pact) has made it known he wants a new contract. Defensive tackle D.J. Jones is also heading into the final season of a three-year, $30MM deal. Denver, which dealt Jerry Jeudy to Cleveland, does not plan to trade Sutton. Though, that cannot be ruled out given the stakes here.

Neither Bolles nor Sutton would carry comparable value to Surtain, a two-time Pro Bowler who is going into his age-24 season. The Broncos picked up the high-end cornerback’s fifth-year option ($19.8MM) on Tuesday and are aiming to start extension talks post-draft. That is, if they still employ the standout boundary cover man by that point.

J.J. McCarthy and Bo Nix have repeatedly come up in connection with the Broncos, with the former almost definitely requiring a trade-up move to acquire. Nix has been viewed as a player who could be available later in the first round, and moving down would play into the Broncos’ hands after the team traded away three first-rounders — to acquire Payton and Russell Wilson — from 2022-23.

Zach Wilson not being viewed as a starter is somewhat interesting, though the thrice-benched passer has not exactly done anything to show he is worthy of such a path. But the Broncos do roster both Wilson and Jarrett Stidham, a player previous reports indicated could be the starter if it came to it come Week 1. It is clear, however, both Stidham (tied to a two-year, $10MM deal) and Wilson are bridge options for a Broncos team that has done extensive work on this year’s QB class.

This is set to be a pivotal span for a franchise that has been unable to find a true Peyton Manning successor since the all-time great’s post-Super Bowl 50 retirement.

2025 NFL Fifth-Year Option Tracker

April 24th, 2024 at 10:57pm CST by Sam Robinson

NFL teams have until May 2 to officially pick up fifth-year options on 2021 first-rounders. The 2020 CBA revamped the option structure and made them fully guaranteed, rather than guaranteed for injury only. Meanwhile, fifth-year option salaries are now determined by a blend of the player’s position, initial draft placement and performance- and usage-based benchmarks:

Two-time Pro Bowlers (excluding alternates) will earn the same as their position’s franchise tag
One-time Pro Bowlers will earn the equivalent of the transition tag
Players who achieve any of the following will receive the average of the third-20th-highest salaries at their position:
- At least a 75% snap rate in two of their first three seasons
- A 75% snap average across all three seasons
- At least 50% in each of first three seasons
Players who do not hit any of those benchmarks will receive the average of the third-25th top salaries at their position

With the deadline looming, we will use the space below to track all the option decisions from around the league:

QB Trevor Lawrence, Jaguars ($25.66MM): Exercised
QB Zach Wilson, Broncos* ($22.41MM): Declined
QB Trey Lance, Cowboys** ($22.41MM): Declined
TE Kyle Pitts, Falcons ($10.88MM): Exercised
WR Ja’Marr Chase, Bengals ($21.82MM): Exercised
WR Jaylen Waddle, Dolphins ($15.59MM): Exercised
T Penei Sewell, Lions ($19MM): Extended through 2029
CB Jaycee Horn, Panthers ($12.47MM): Exercised
CB Patrick Surtain, Broncos ($19.82MM): Exercised
WR DeVonta Smith, Eagles ($15.59MM): Extended through 2028
QB Justin Fields, Steelers*** ($25.66MM): Declined
DE Micah Parsons, Cowboys ($21.32MM): Exercised
T Rashawn Slater, Chargers ($19MM): Exercised
OL Alijah Vera-Tucker, Jets ($13.31MM): Exercised
QB Mac Jones, Jaguars**** ($25.66MM): Declined
LB Zaven Collins, Cardinals ($13.25MM): Declined
T Alex Leatherwood, Raiders: N/A
LB Jaelan Phillips, Dolphins ($13.3MM): Exercised
LB Jamin Davis, Commanders ($14.48MM): Declined
WR Kadarius Toney, Chiefs***** ($14.35MM): Declined
DE Kwity Paye, Colts ($13.4MM): Exercised
CB Caleb Farley, Titans ($12.47MM): Declined
T Christian Darrisaw, Vikings ($16MM): Exercised
RB Najee Harris, Steelers ($6.79MM): Declined
RB Travis Etienne, Jaguars ($6.14MM): Exercised
CB Greg Newsome, Browns ($13.38MM): To be exercised
WR Rashod Bateman, Ravens ($14.35MM): N/A; extended through 2026
DE Payton Turner, Saints ($13.39MM): Declined
CB Eric Stokes, Packers ($12.47MM): Declined
DE Greg Rousseau, Bills ($13.39MM): Exercised
LB Odafe Oweh, Ravens ($13.25MM): Exercised
LB Joe Tryon-Shoyinka, Buccaneers ($13.25MM): Declined

* = Jets traded Wilson on April 22, 2024
** = 49ers traded Lance on August 25, 2023
*** = Bears traded Fields on March 16, 2024
**** = Patriots traded Jones on March 10, 2024
***** = Giants traded Toney on October 27, 2022

Broncos Exercise CB Patrick Surtain’s Fifth-Year Option

April 23rd, 2024 at 2:49pm CST by Sam Robinson

A formality given Patrick Surtain‘s accomplishments on his rookie contract, the Broncos are extending their top player’s deal through 2025. Denver officially is picking up Surtain’s fifth-year option, ESPN.com’s Adam Schefter tweets.

GM George Paton confirmed the team would go this route with Surtain in February, and as a multi-time Pro Bowler, the former top-10 pick is tied to the highest option price for a cornerback. That number checks in at $19.8MM, matching this year’s CB franchise tag tender.

The Broncos are the second team to officially exercise an option for a 2021 draftee; in extending DeVonta Smith, the Eagles picked up his option. Smith’s former teammate at Alabama, Surtain joins Micah Parsons and Ja’Marr Chase as 2021 draftees eligible for the top option price at their respective position. Players need to have made two original-ballot Pro Bowls on their rookie deal to become eligible for the franchise tag number.

Surtain, 24, has become one of the NFL’s best corners. With the Broncos cutting four-time second-team All-Pro Justin Simmons, there is little doubt Surtain enters the team’s offseason program as its top player. The second-generation NFL corner earned first-team All-Pro acclaim in 2022, helping keep Denver’s defense afloat during a miserable season on offense. Surtain did not quite reach that level in 2023, but the 6-foot-2 cover man earned a Pro Bowl nod.

This expected transaction does come amid a bit of uncertainty regarding Surtain’s Denver status. The Broncos have expressed obvious interest in extending the ascending defender, and the Denver Gazette’s Chris Tomasson adds extension talks are expected to ramp up after the draft.

While Paton drafted him back in 2021, Sean Payton was still in New Orleans at that point. Granted, the Saints were rumored to be interested in Surtain then. But the Broncos need a quarterback — their Zach Wilson trade notwithstanding — and Surtain may be the chip required to vault the team up the board in Round 1. Previously mentioned as hesitant to give up Surtain in a deal that would allow them to move up from No. 12 into QB territory, the Broncos seem a bit more open to the prospect as the draft nears.

It would certainly represent risk for the Broncos to bail on this type of asset so early in his career, and such a move would then create a glaring CB need. But the Broncos have, for the most part, carried a QB need for the past eight years. As mentioned in this week’s Trade Rumors Front Office installment, Payton may view Surtain as a necessary trade chip — in an AFC flooded with high-end passers — in a quest to climb into range for J.J. McCarthy or Drake Maye. Payton is believed to be high on the former, which is interesting given the buzz tying the Giants and Vikings to the latter this week.

The Broncos wanted two first-rounders to merely start a conversation about Surtain before last year’s deadline. Three teams made offers, though none were believed to be in that ballpark. As the draft nears, Surtain — used as one of the models for the Broncos’ new uniforms Monday — could be discussed further in deals. For now, he is on the Broncos’ books at $1.1MM in base salary this season. That certainly makes him an attractive trade piece, should this process rev into high gear leading up to the draft.

Broncos HC Sean Payton Prepared To “Mortgage Future” To Trade Up For QB?

April 21st, 2024 at 10:26pm CST by Rory Parks

Broncos GM George Paton recently conceded that he would be prepared to part with future first-round draft picks to trade up from the No. 12 overall selection in this year’s draft if such a move allows him to select a franchise quarterback. We have also heard that while head coach Sean Payton is naturally interested in a trade-up for a QB, the club may ultimately choose to trade down to accumulate more assets; after all, thanks to the trades bringing Russell Wilson and Payton to Denver, the Broncos have not made a first-round selection since 2021 and do not have a second-round choice this year.

Tony Pauline of Sportskeeda.com, however, hears that Payton is not merely willing to contemplate a move up the board. The former Super Bowl-winning HC — who narrowly missed out on drafting Patrick Mahomes in 2017 when the Chiefs moved up 17 spots to leapfrog the Payton-led Saints to land the future star — is reportedly prepared to “mortgage the franchise’s future” to acquire one of the top passer prospects in the 2024 class.

The near miss on Mahomes has, according to Pauline’s sources, left a sour taste in Payton’s mouth, and he is looking to right past wrongs. Given that the teams holding the top three selections in this year’s draft have the need to add blue chip signal-callers of their own, the Cardinals’ No. 4 overall choice is perhaps the highest pick the Broncos could theoretically acquire. Arizona is certainly open for business, but it is unclear just how far down the board the team would be willing to go, and the same can be said of the Chargers, who hold the No. 5 pick and who may not want to give a division rival the opportunity to draft a franchise QB.

It is certainly possible that Caleb Williams, Jayden Daniels, and Drake Maye will be taken with the first three picks of the draft and will therefore be unavailable for the Broncos. Per Pauline, that would suit Payton just fine, as he is said to have his eyes set on Michigan’s J.J. McCarthy. McCarthy’s blend of intelligence and ability to get the ball out of his hands quickly is particularly appealing to Payton, perhaps because it reminds him so much of longtime charge Drew Brees.

Of course, this is hardly the first time that the Broncos have been rumored to be interested in trading up for a quarterback. All of the earlier reports to that effect have noted how costly such an endeavor would be, and Pauline acknowledges that Denver’s package would need to include at least one future first-rounder, the No. 12 pick this year, and cornerback Patrick Surtain II. Pauline himself said back in February that the heavy cost of jumping up the draft board would likely preclude the Broncos from doing so, and that the team would only deal Surtain as a last resort.

It seems that much has changed in the past couple of months, with Payton now prepared to do whatever it takes to nab a prospect like McCarthy. We learned just last week that the Broncos may be more receptive to the notion of trading Surtain than they were at last season’s trade deadline, and Pauline’s report is consistent with that line of thinking.

If Denver is ultimately unable to jump up the board, Payton & Co. would content themselves with Oregon’s Bo Nix as Plan B. A recent projection suggested that the Ravens, who hold the No. 30 overall pick, may be willing to deal that selection to the Broncos, who would use it to select Nix. A subsequent report indicated that Baltimore is not, in fact, looking to move out of the first round, though the right offer can of course change draft plans in a hurry.

Only a small percentage of Pauline’s sources believe the Broncos would select Nix with their No. 12 choice. That stands to reason in light of a recent report from Ari Meirov of The33rdTeam.com, who hears from league executives that Nix is more of a Day 2 prospect.

‘Heavy Expectation’ Broncos Draft QB In First Round

April 16th, 2024 at 10:06pm CST by Sam Robinson

Operating with Rams-level disregard for first-round picks over the previous two offseasons, the Broncos traded three Round 1 selections in the Russell Wilson and Sean Payton swaps. The team does not have a second-round pick this year as a result of the latter move. As quarterback-needy teams’ draft arsenals are stacked up, the Broncos’ war chest is limited.

Denver holds the No. 12 overall pick, and while it retains its first- and second-rounders beyond this year, Minnesota and Las Vegas are in better position regarding draft capital. Both the Vikings and Raiders also identified clear bridge options for 2024, with Sam Darnold and Gardner Minshew coming off the free agency board early. This certainly leaves the Broncos with work to do, unless they truly are OK with Jarrett Stidham starting a sizable chunk of the 2024 season.

Teams are obviously monitoring the Broncos as a team interested in a QB, and the Washington Post’s Jason La Canfora indicates a heavy expectation exists the AFC West club will draft a passer at some point in Round 1.

Options to do so would range from trading up — and parting with a major asset package — to making sure either Bo Nix or Michael Penix Jr. comes to Colorado via a No. 12 investment. Option three would involve attempting to both grab one of those passers later in the round while picking up some assets by moving down. It could be a complicated night for the Broncos, who are set to eat more than $50MM of Wilson’s record-setting $85MM in dead money this year.

It cost the 49ers two future first-round picks and a third-rounder to move from No. 12 to No. 3 for Trey Lance in 2021. For the Broncos to consider a similar package to climb into the top three would shove them into Rams territory. While Los Angeles famously did not made a first-round pick from 2017-23, that team reaped rewards for the bevy of moves out of Round 1. The Wilson trade burned the Broncos, and making another big move because the 2022 swap failed would deprive the franchise of opportunities to add high-end talent at low costs. Given the dead money from the Wilson contract, the Broncos need cost-controlled assets — even though they also need a quarterback.

On this note, NFL.com’s Peter Schrager adds the team would love to move into the top four to draft a QB but, due to the cost of such a move, stops short of predicting they will do this. Denver also possesses needs at cornerback opposite Patrick Surtain and perhaps at edge rusher.

Unless the Broncos want to entertain a Surtain trade — something one GM informed La Canfora they could be willing to do, given the rumblings at the 2023 trade deadline — future draft capital would need to be used to climb up the draft board. The Broncos are eyeing a long-term Surtain extension, and they wanted at least two first-rounders for the All-Pro cornerback in the fall. A separate GM, however, said the Broncos were more likely to hang onto Surtain due to Payton not viewing this as a long-term rebuild project.

Both the Broncos and Vikings were mentioned as having done early work on QBs (with regards to moving up) back in February, but Minnesota acquiring No. 23 overall from Houston has led to far more buzz on the NFC North team moving up. Still, a recent offering from ESPN.com’s Jeremy Fowler reveals multiple teams believe the Broncos or Vikings could loom as destinations for J.J. McCarthy. The Michigan alum looks to have rocketed up the draft board during the pre-draft process, impressing at his pro day after winning a national championship.

A fit in Payton’s scheme points to the Denver tie, Fowler adds. McCarthy could be the target for teams outside the top four, with the Cardinals making it known they are willing to trade down. It would cost the Broncos at least one future first and perhaps two. That will be a big decision to make, as Payton’s choice to re-enter the coaching ranks would see a radically adjusted arc if the team he ended up with sacrifices more future firsts as his tenure takes shape. The Broncos did host McCarthy on a “30” visit this year.

While Payton famously said the Saints were eyeing Patrick Mahomes as a Drew Brees heir apparent in 2017, a move to secure the Broncos a potential long-term option — unless the Nix ties prove genuine — could be quite costly. This will be an interesting team to watch in the coming days and once the draft starts.

Broncos To Pick Up Patrick Surtain’s Fifth-Year Option

February 27th, 2024 at 3:20pm CST by Sam Robinson

In a decision similar to the first fifth-year option call in Broncos history (Von Miller‘s), the team will extend Patrick Surtain‘s contract through 2025.

The Broncos will make the “easy decision” to exercise Surtain’s fifth-year option, GM George Paton said Tuesday. The No. 9 overall pick in the 2021 draft, Surtain has become one of the NFL’s best cornerbacks. He is almost definitely the Broncos’ top player, and the team is naturally interested in a long-term extension.

Picking up Surtain’s option will buy the Broncos time on that front; he will have two more years of control remaining as a result of the long-expected transaction. The salary cap coming in at a surprising $255.4MM will bump Surtain’s option number a bit. Because Surtain is a two-time Pro Bowler, his option price lands on the top tier of the layered option structure. For cornerbacks, that number checks in at $19.8MM, matching this year’s CB franchise tag tender.

Criticized for passing on Justin Fields three years ago, the Broncos joined the Panthers in choosing a corner over the Ohio State QB prospect. Injuries have impacted Jaycee Horn‘s ascent, while Surtain has stayed healthy thus far. Denver has been unable to solve its long-running quarterback issue, but Surtain has become one of the 2021 draft’s top players. He earned first-team All-Pro honors in 2022 and was named a 2023 Pro Bowler. Following the likes of Champ Bailey, Chris Harris and Aqib Talib as All-Pro Broncos corners over the past two decades, Surtain will likely see his extension talks begin with the clear expectation of him becoming the NFL’s highest-paid corner.

Surtain, 23, drew trade interest at the deadline. The Broncos set the price at two first-round picks to initiate a conversation, and while multiple teams were believed to have made offers, none came in on that level. Surtain trade rumors may persist, and the 49ers were among the teams to have reached out about the second-generation NFL corner, but the team as of now is planning to move forward with its top cover man.

Vikings, Broncos On Radar To Trade Up For First-Round QB?

February 5th, 2024 at 10:11pm CST by Sam Robinson

This year’s draft could begin with three quarterbacks, and the teams currently holding the top choices have been steadily linked to taking a first-round passer. Teams in need of signal-callers who do not carry friendly draft real estate will, of course, be monitoring the buzz circulating around the Bears, Commanders and Patriots’ draft blueprints.

Two clubs who appear to be among those watching top QB prospects look to be those positioned just outside the top 10. Holding the Nos. 11 and 12 overall picks, the Vikings and Broncos are believed to be interested in drafting a quarterback high. While it will take considerable draft capital to climb into the top three, neither of these two are in good shape at the position. Minnesota, however, may still have the inside track on Kirk Cousins, who has expressed his fondness for his Twin Cities situation on a number of occasions.

Some around the league are keeping an eye on the Vikings’ interest in moving up for a passer, ESPN.com’s Jeremy Fowler offers, noting the team did extensive work on the QB front last year. The Vikes were the team most closely tied to showing Trey Lance interest — before the Cowboys completed a trade for the former 49ers No. 3 overall pick — and they did not come to an agreement on another extension with Cousins.

Guaranteed money into the deal’s third year provided a sticking point, and the Vikings merely restructured Cousins’ contract. The latter transaction has put Minnesota in a time crunch, and the team could face the prospect of losing its starting QB — who has mentioned testing free agency — and being hit with a $28.5MM dead-money bill brought on by void years. If the Vikings do not re-sign Cousins by the start of the 2024 league year (March 13), that $28.5MM accelerates onto their 2024 cap sheet. Not quite the Tom Brady void years-driven cap charge the Buccaneers just faced ($35.1MM), but that is a high dead-cap number devoted to one player.

Cousins, 35, will undoubtedly factor in a potential Vikings desire to trade up for a quarterback into his latest free agency decision. Cousins is the longest-tenured Vikings QB1 since Tommy Kramer, narrowly edging Daunte Culpepper as the third-longest-tenured QB1 in team history. Like Culpepper in 2005, Cousins is coming off a major injury. The Vikings and other teams will be factoring Cousins’ Achilles tear into prospective offers.

The Broncos are almost definitely moving on from Russell Wilson, preparing to enter dead-money infamy in the process. The forthcoming dead-cap hit will cost the Broncos $84.6MM, which will be spread over two offseasons due to the expected post-June 1 designation. This stands to limit the Broncos’ interest in pursuing a pricey veteran — should any starter-caliber arms be available by the time the legal tampering period begins March 11 — and would naturally make Sean Payton‘s team more interested in a draft investment. The Wilson-fronted five-game win streak midway through this season, however, moved the Broncos down to the No. 12 slot. That will complicate a move into high-end QB real estate.

A rumor at the East-West Shrine Game involved Payton being interested in the Broncos moving up to draft Caleb Williams, Drake Maye or Jayden Daniels, Sportskeeda’s Tony Pauline writes. Of course, the cost of doing business here would be steep — and the team would need a willing seller. The prospect of Denver trading up may already be drowning in cold water, too, with Pauline adding the team should not be considered likely to move in this direction because of the draft capital — and/or established players — that would need to be included.

The Broncos gave up their first-round picks in 2022 and ’23 in the Wilson trade, and while they obtained a 2023 first-rounder from the Dolphins in the Bradley Chubb swap, it was subsequently thrown in to acquire Payton’s rights last year. This stands to be the Broncos’ first chance to use a Round 1 pick since they nabbed Patrick Surtain ninth overall in 2021. Surtain has become one of the NFL’s top young corners, and GM George Paton — who is still with the team despite being the point man behind the Wilson and Nathaniel Hackett calls — said Surtain is viewed as a cornerstone piece. Denver’s actions at last year’s trade deadline, which featured at least two first-rounders to even warrant a Surtain discussion, back that up. Pauline adds the Broncos do not want to part with Surtain and would only do so as a last resort in an effort to trade up for a QB.

Wilson’s 2023 rebound notwithstanding, the Broncos have obviously struggled to fill this spot since Peyton Manning‘s 2016 retirement. They were in the Cousins mix in 2018 but bowed out — as the Vikings emerged in pole position — en route to Case Keenum. The Broncos would seemingly have another shot at Cousins now, though QB demand would still make the veteran starter costly — even after the Achilles tear. As of early February, the Vikings are projected to hold more than $24MM in cap space; the Broncos are nearly $24MM over the projected salary ceiling.

Most around the NFL view the Broncos reconciling with Wilson as unlikely, Fowler adds. If Wilson were to remain on Denver’s roster past the fifth day of the 2024 league year, his 2025 base salary ($37MM) locks in. That would balloon Denver’s 2025 dead money for a Wilson release past $85MM. Hence, the team’s controversial maneuvering in an attempt to move the date on which Wilson’s injury guarantee vests.

Although Wilson was fond of Payton prior to the parties’ partnership, Fowler adds Payton let it be known behind the scenes he was not big on the ex-Seahawks star. Wilson’s penchant for creating plays out of structure ran counter to how Payton prefers his offense to run, being part of the reason — along with the injury guarantee — the Broncos benched him for Jarrett Stidham in Week 17. Fowler mentions Minnesota as a destination Wilson would likely pursue, given Kevin O’Connell‘s presence, in the event Cousins leaves after six years. O’Connell worked alongside ex-Seahawks OC Shane Waldron under Sean McVay. The Vikings also roster Justin Jefferson, Jordan Addison and T.J. Hockenson.

If/once Wilson departs Denver, his next team will not need to pay him nearly what the Broncos and Seahawks have. Wilson’s 2023 rebound still probably places him as a mid-tier starter, but Fowler adds his next team could build around him more effectively due to the offset language in the Broncos’ five-year, $245MM extension. Wilson signing at a low rate would be punitive for the Broncos, as their two-year starter’s next deal helps determine how much dead money will be on tap.

Cousins and Wilson join Baker Mayfield and Ryan Tannehill as experienced starter options set to hit the market. But Denver and Minnesota will need to weigh their chances of trading up in Round 1 against spending on a veteran. There will be plenty of moving parts at QB for certain teams this offseason, with the Bears’ upcoming Williams-or-Justin Fields decision a rather important domino as well.

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