On Thursday, the NFL announced that the 2013 salary cap will be $123 million per team. According to spotrac.com, the Denver Broncos currently have $119.5 million invested in 2013 salaries.
That means, with their $14.1 million rollover from 2012, the Broncos have over $17,552,686 available. A large chunk of that, around $9.8 million according to Yahoo! (via IAOFM), will go towards the franchise tag the team is planning to use on left tackle Ryan Clady.
Clady isn’t planning on signing his tender anytime soon, seeking a long-term commitment from the team. The Broncos can clear up more cap room by making several cuts and re-structuring the contracts of players including quarterback Peyton Manning, who is due to make $20 million this season.
The Broncos have room to bring in a few free agents and can create more room by cutting players including linebacker D.J. Williams (who is due $8 million). How do you think the Broncos should handle their $17 million this spring? Dish out your thoughts in the comments below.