The Denver Broncos were one of the league’s biggest spenders during the first two weeks of free agency, and some criticized the moves John Elway made, stating the team is spending too much on the present and not enough on the future.
It wasn’t until nearly a month later, however, that the team likely reached its free agency spending limit with the signing of center Will Montgomery.
The Broncos currently have about $4 million left in cap space, but plan to stand pat according to Jeff Legwold of ESPN. This figure allots room for the team’s seven picks in the upcoming draft.
Denver is one of only 11 teams with fewer than $6 million in dead money, which is salary cap money for those no longer on the roster. This includes $2.1 million for Dominique Rodgers-Cromartie, $1.83 million for Chris Kuper and $500,000 for Willis McGahee.
Mile High Report >> Denver Broncos salary cap finally tapped out after busy free agency – Horse Tracks http://t.co/z3LHhw4rwo
— Denver Broncos Buzz (@broncosbuzztap) April 8, 2014
The team made some of the biggest moves in the league during free agency, but unless current players are cut, the Broncos are likely done signing free agents beyond one-year deals.