The Denver Broncos are still working hard to create cap flexibility so they can make changes when free agency starts.

The Broncos are reportedly trading Jerry Jeudy to the Cleveland Browns in exchange for a fifth-round and a sixth-round choice in the 2024 draft, according to Ian Rapoport of NFL Network.

By moving Jeudy in this trade, Denver will save the $12.99 million in cash and cap space he was owed, one year after he picked up the fifth-year option on his rookie contract.

(https://twitter.com/hashtag/Broncos?src=hash&ref_src=twsrc%5Etfw)#Broncos By dealing Jerry Jeudy, who now gets a fresh start in Cleveland as he approaches the final year of his rookie contract, the team will save $12.987 million in 2024 salary cap space and cash.

Russell Wilson’s impending departure puts the Broncos in a position where they must make some tough decisions regarding their squad. His release will become official on Wednesday, the first day of the new league season, as they had already indicated this week.

QB Russell Wilson has been informed that he will be dismissed following the start of the league season on March 13.The passage continues.George Paton, general manager, and Sean Payton, head coach: (https://t.co/EJO5mNMjew)tweet.com/EJO5mNMjew

If Wilson is declared a post-June 1 cut, the team will be saddled with a dead-cap charge of $85 million, which they can divide over two seasons.

With just $18.4 million in cap space, the Broncos had to make a lot of decisions in order to be in compliance with the cap and still have room to sign free agents.

The Broncos saved almost $35 million against the cap prior to reaching an agreement on the Jeudy trade by cutting Justin Simmons and Chris Manhertz and rearranging the contracts for Mike McGlinchey and Tim Patrick.

The Broncos have avoided the 2024 cap by roughly $50 million in total.

The Broncos have added two draft picks and freed roughly $50 million in salary cap space in the last five days through a variety of trades, contract restructures, and transactions before the league season officially began. (https://t.co/NB2QZFOyRk)The URL is
The Broncos will have closer to $15 million available to invest in their squad after accounting for the $35.4 million in dead money that Wilson will count against the cap.

For a club that went 8-9 in the previous campaign, the Broncos put themselves in a difficult predicament when Sean Payton benched Wilson for the final two games of the season, indicating that Wilson could no longer play for the team.