Broncos release Justin Simmons: Denver saves $14.5M in cap space by cutting All-Pro safety

With the Denver Broncos expected to cut ties with quarterback Russell Wilson and take on a massive $35.4 million dead cap charge in 2024, more changes to the roster were bound to come. Another came Thursday as the Broncos released veteran safety Justin Simmons, which the team announced Thursday.

“Justin Simmons’ impact as a Denver Bronco extends far beyond his exceptional play during eight seasons with our organization,” the Broncos said in a statement. “Justin will always be a Bronco, and we thank him for the outstanding manner in which he represented our organization on and off the field. We wish Justin, his wife Taryn, and their children Laney, Shae and Kyler the very best in the future.”  

A Pro Bowler and second-team All-Pro in 2023, Simmons was set to count for $18.25 million against the cap, but will instead now carry just a $3.75 million dead cap hit, and the Broncos will save $14.5 million on their books. They will still need to do a whole bunch of maneuvering to get cap compliant after making the Wilson move, and this is likely just the start of the process.

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Source link : https://www.cbssports.com/nfl/news/broncos-release-justin-simmons-denver-saves-14-5m-in-cap-space-by-cutting-all-pro-safety/

Author : Jared Dubin

Publish date : 2024-03-07 14:59:57

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