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Broncos Free Agency: No More Russell Wilson Dead Money

ESPN NFL •
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The Denver Broncos enter free agency with a clean financial slate after shedding the last of Russell Wilson's dead money from their salary cap. Coach Sean Payton and general manager George Paton view this newfound flexibility as an opportunity to be 'opportunistically aggressive' in addressing team needs. The franchise's record $85 million in dead money charges from Wilson's 2024 release had previously constrained Denver's ability to sign players.

Despite these financial obstacles, the Broncos thrived, ending an eight-year playoff drought in 2024 and posting a league-best 14-3 record in 2025 before falling in the AFC Championship Game. Owner/CEO Greg Penner emphasized the team will be aggressive but smart, focusing on players who fit the locker room culture. The Broncos have already demonstrated their commitment to retaining talent, re-signing eight former draft picks to lucrative extensions since 2024.

The timing is particularly favorable as Denver still has quarterback Bo Nix under his rookie contract, providing maximum financial flexibility. With between $26 million and $30 million in current cap space and needs at running back, tight end, and along the offensive line, the Broncos are positioned to make strategic additions. Payton's staff arrives at the NFL combine knowing they're 'close to championship level' and ready to push their roster forward without the financial baggage that previously weighed them down.