Broncos Restructure Contracts to Free Up Cap Space

After releasing Russell Wilson, Denver maneuvers to create nearly $20 million in cap space, signaling potential moves in free agency.

The Denver Broncos have restructured the contracts of Zach Allen and Ben Powers, creating nearly $20 million in cap space for 2024.
Despite releasing quarterback Russell Wilson, the Broncos now have $43.05 million in cap space, ranking ninth in the NFL.
The restructuring added void years to both players' contracts, allowing for salary cap manipulation without changing their commitment duration.
Denver's cap space maneuvering hints at potential significant acquisitions, with the team linked to high-profile free agents.
The Broncos' quarterback situation remains uncertain after missing out on potential targets, with the NFL draft presenting an opportunity for a solution.