In the upcoming season, the Denver Broncos are projected to have around $37 million in salary cap space, despite quarterback Russell Wilson accounting for $53 million in “dead money.” This estimate is based on the NFL’s cap increasing by a conservative $4.6 million. However, this year, Wilson’s dead money cap hit is much larger at $53 million, putting more pressure on the team’s current cap space.
According to OverTheCap.com, the Broncos have approximately $7,726,196 in remaining cap space. They will likely carry over most of this remaining cap into the 2024 season to cover potential expenses such as injured reserve payments and in-season roster additions.
Wide receiver Courtland Sutton is looking for a raise, but it may not be a top priority for the Broncos at the moment. Guard Quinn Meinerz and cornerback Pat Surtain are next in line for potential mega extensions, which could impact the team’s available cap space. It is possible for Denver to push larger cap hits into future years when Meinerz and Surtain receive their extensions, but this may limit the team’s ability to make big additions in 2024.
Overall, the Broncos are facing a tight salary cap situation, and future extensions for key players will likely impact their ability to make significant roster additions in the coming seasons.