The list of veteran safeties who will be available in free agency continues to grow. The Broncos are moving on from Justin Simmons, ESPN’s Adam Schefter reports. The move is now official, per a team announcement.
One year remained on Simmons’ pact – one which had an AAV of $15.25MM, sixth-highest in the league at the position – and he was set to carry a cap hit of $18.25MM. By cutting bait with the 30-year-old. Denver will save $14.5MM while generating a dead money charge of $3.75MM. The move will bring an end to Simmons’ eight-year tenure in the Mile High City, one in which he has consistently been one of the team’s top producers. 
Given the nature of his cap hit, the former third-rounder’s future was called into question earlier this offseason. A report from last month noted the likelihood of a deal lowering Simmons’ cap charge, something which could have been accomplished via a restructure or extension. Instead of taking either route, though, the Broncos – met with a number of financial challenges given the enormous dead money charge the Russell Wilson release will trigger – will cut bait altogether.
Simmons has played each of his 118 career games with the Broncos, generating a well-earned reputation as one of the league’s top safeties along the way. He has recorded at least two interceptions every year, including a league-leading six in 2022. This past campaign saw continued production on the backend (three interceptions, eight pass breakups, two forced fumbles), and Simmons received a second career Pro Bowl invitation as a result.
Dating back to 2019, the Boston College product has been earned second-team All-Pro honors four times while remaining healthy and productive. His 30 interceptions since his rookie campaign (2016) are the most in the NFL during that span. As a result, his absence will be sorely felt in Denver’s secondary moving forward, while a number of suitors will no doubt show interest in Simmons now that he is available.
The Broncos had a long-standing tandem at the safety spot with Simmons and Kareem Jackson serving as starters. After a campaign featuring multiple ejections, fines and suspensions, however, the latter was waived in December and claimed by the Texans. Jackson is a pending free agent, but a Broncos reunion would come as a major surprise. P.J. Locke – who took over as a starter due to Jackson’s absence – is also set to reach the open market next week, so plenty of additions could be required for the Broncos to re-build their safety depth chart.
Denver entered Thursday as one of the team’s sitting over the cap ceiling, meaning cost-cutting moves would be required. Releasing Simmons will bring the team to within roughly $1.85MM of compliance, so any subsequent maneuvering will likely not be as notable as today’s move. Still, the loss of Simmons will create a challenge for Denver as the team aims to build off the defensive rebound seen last season after a woeful start to the campaign on that side of the ball.
Simmons’ durability (seven missed games since 2018) and production should help him find a new home relatively soon. A number of teams have moved on from pricey safeties in the lead-in to free agency, however, and the likes of Jordan Poyer, Rayshawn Jenkins, Kevin Byard and Quandre Diggs are among those who have recently been released. Interested suitors will have a number of options to choose from at the safety spot, but Simmons could command the most lucrative deal among them.
Come to Green Bay!
Lots of decent-good safeties available and that is a need position for us. It’s a good year to need one.
Damn a lot of studs are being released this is crazy lmao it’s not even March 13th yet!!
Even with the cap situation being what it is, this still comes somewhat as a surprise. I suppose that was futile, but you’d think that something would have been tried to have worked out a doable extension. Denver was pretty reliant on Simmons’ range on the backend in games where he played. Locke came in and played well, as did a few substitutes, but ultimately none of them are Justin Simmons. The cap hit may have made this necessary, but the Broncos are losing a lot of capability and leadership on the backend.
Damnnnnnnnn