Champ Bailey’s days in Denver are numbered.
According to Jason La Canfora, the Denver Broncos are releasing the veteran cornerback who is due a $9 million base salary in 2015.
The Broncos will be releasing CB Champ Bailey, according to an NFL source. He was set to earn $9M this season with a cap # of $10M
— Jason La Canfora (@JasonLaCanfora) March 6, 2014
The move will save the Broncos $10 million against the cap, a huge number for a player who participated in only five games with three starts in 2013-2014. That means the Broncos are approximately $28 million under the cap for 2014 as of now.
Interestingly, the Broncos didn’t even offer him a pay-cut according to Lindsay Jones.
Just talked to Champ Bailey. He was not offered a pay cut to stay with the Broncos. He's looking forward to hitting FA for first time.
— Lindsay Jones (@bylindsayhjones) March 6, 2014
Dominique Rodgers-Cromartie took over as the team’s No. 1 cornerback last season while Chris Harris Jr. is simply their second, Bailey wasn’t even third-best during the Super Bowl XLVIII run.
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