Broncos Place Peyton Manning On Reserve/Retired List

We’ve known for some time that Peyton Manning would retire, but it wasn’t immediately clear whether the Broncos would place him on the reserve/retired list or simply release him. Today, we have our answer, as the Broncos have officially placed Manning on the reserve/retired list. Now, if Manning ever does decide to return to football, the Broncos will retain his rights. Peyton Manning

Manning decided to retire from the NFL over the weekend, leaving the sport as a two-time Super Bowl champion and a shoe-in Hall of Famer. No. 18 leaves the game as the league’s all-time leader in total wins by a QB (200), passing yards (71,940), and passing touchdowns (539) and also leaves the sport as the highest-paid player in league history. Over his career, Manning has netted roughly a quarter-billion dollars, and that’s before considering his sponsorship deals.

Manning evened the score with brother Eli Manning when he secured his second Super Bowl ring, but Manning had a tumultuous year to say the least. Manning struggled mightily to open the season but many didn’t notice as the Broncos came out of the gate 7-0 thanks to their defense. Soon after that, however, Manning’s decline became quite apparent to all observers. The Broncos eventually installed Brock Osweiler as their starting QB and it wasn’t until Week 17 when they put the Sheriff back in the starting role.

Nevertheless, Manning leaves the game as one of the very best quarterbacks of all-time. And, if he ever pulls a Brett Favre, the Broncos will own his NFL rights.

Photo courtesy of USA Today Sports Images.

Broncos Use Low RFA Tender On C.J. Anderson

1:42pm: The Broncos have officially assigned the low-end RFA tender to Anderson, giving them the right of first refusal, tweets Jhabvala.

10:45am: The Broncos will use a low-round tender on restricted free agent running back C.J. Anderson, Nicki Jhabvala of The Denver Post tweets. The tender is worth $1.671MM in 2016. C.J. Anderson (vertical)

If you’re surprised that Anderson was given a low-round tender instead of a second-round tender, then you’re not alone. Anderson reacted on Twitter minutes ago and he appears to be disappointed with the news (sic):

Wow welp I’ve been here b4 jus keep grinding keep working 2 be the best 32-254-22,” Anderson wrote.

Anderson burst on the scene in 2014, with nearly 1,200 all-purpose yards (849 rushing, 324 receiving) and eight touchdowns in his first true taste of NFL playing time. In 2015, however, he took a step back and played a smaller role in Denver’s offense. In 15 games (5 starts), Anderson ran for 720 yards off of 152 carries, good for a still solid 4.7 yards per attempt. He also played a role in the passing attack, recording 25 catches for 183 yards.

Photo courtesy of USA Today Sports Images.

Free Agency Rumors: Osweiler, Vernon, Miller

The Texans are expected to make a competitive offer to Brock Osweiler in both guaranteed money and per-year average salary, an NFL source tells Charles Robinson of Yahoo Sports (on Twitter). Recently, the Broncos reportedly upped their offer to Osweiler, submitting one that’s worth more than $45MM over three years. From the sound of it, Houston might be ready to top that. A source tells Robinson that a $15-$16MM per year average for Osweiler will be a legitimate number for his market (link).

Here are the latest free agency rumors:

  • We can expect the market for Olivier Vernon to include the Giants, Raiders, Jaguars, Browns, and Titans, Robinson tweets. Vernon was hit with the transition tag by the Dolphins earlier this month and he currently stands to earn $12.734MM on a one-year contract in 2016. However, if he signs an offer sheet that the Dolphins decline to match, they will lose him for nothing as they did with Charles Clay one year ago.
  • Dolphins running back Lamar Miller will hit the open market when free agency opens, a source close to the player tells Armando Salguero of The Miami Herald. Miller, 24, ran for 872 yards off of 184 carries with eight touchdowns in 2015. Miller is hoping to land a deal similar to DeMarco Murray‘s pact, but Dianna Marie Russini of ESPN.com (on Twitter) hears his market is in the $4-5MM range rather than $8MM.
  • Doug Martin‘s market includes at least six teams, per Ian Rapoport of NFL.com (on Twitter).
  • The Ravens are bracing for Kelechi Osemele to leave, a source tells Mike Florio of PFT. Florio adds that while it has been speculated that the offensive lineman could get $11MM/year on the open market, some think the number will be closer to $9MM.
  • Chris Long‘s first visit will be to Washington tomorrow, Trey Wingo of ESPN.com tweets.
  • There’s mutual interest between Washington and cornerback Will Blackmon about a return in 2016, Tarik El-Bashir of CSN Mid-Atlantic tweets.
  • Texans free agent guard Brandon Brooks could be in line for a deal in the range of $8MM per season, Jason Cole of Bleacher Report (on Twitter) hears. He adds that multiple teams are interested.

Offseason Outlook: Denver Broncos

Pending free agents:

Top 15 cap hits for 2016:

  1. Demaryius Thomas, WR: $15,200,000
  2. Von Miller, OLB: $14,129,000 (franchised)
  3. DeMarcus Ware, OLB: $11,666,668
  4. Ryan Clady, T: $10,100,000
  5. Aqib Talib, CB: $9,968,750
  6. Chris Harris Jr., CB: $9,000,000
  7. Derek Wolfe, DE: $6,800,000
  8. Louis Vasquez, G: $6,750,000
  9. Emmanuel Sanders, WR: $6,600,000
  10. T.J. Ward, S: $5,750,000
  11. Owen Daniels, TE: $4,500,000
  12. Britton Colquitt, P: $4,000,000
  13. Darian Stewart, S: $3,250,000
  14. Virgil Green, TE: $2,900,000
  15. Sylvester Williams, DT: $2,412,375

Notable coaching/front office moves:

  • Football operations: Lost national scout John Spytek, who was hired by Buccaneers as director of player personnel.

Draft:

Other:

Overview:

Enjoying one of the stranger routes to a Super Bowl title, the Broncos capitalized on the collection of talent they managed to fit under their salary cap. Despite teetering on the brink of potentially missing the playoffs after amassing a healthy early-season AFC West lead, the Broncos strung together three dominant defensive performances in the postseason once granted their fourth straight first-round bye. The 2010s Broncos are only the fourth team to do earn four straight byes in the double-bye era that began in 1990.

Oddly, this may have been the Broncos’ least complete roster since Peyton Manning arrived in Denver due to the 39-year-old quarterback’s steep decline and a makeshift offensive line. But the league’s top-ranked defense, which improved from a top-five-ranked unit to one in the conversation for best defense ever, compensated for the offense’s issues.

Residing alongside the 2000 Ravens, 2002 Buccaneers and 2013 Seahawks among the top Super Bowl-winning defenses from this century, the Broncos featured a similar outfit from the 2014 group that fell to the Colts in the divisional round. Only Darian Stewart was a new starter on the ’15 team, but Wade Phillips‘ arrival doubled as John Elway’s best offseason hire once it unleashed the talent the GM acquired on defense. Ranking No. 1 against the pass and No. 3 against the run, the Broncos made ball-advancement difficult throughout the season. Timely turnovers secured victories against the Ravens, Chiefs, Vikings, Raiders, Browns and Bengals, and the defense helped give an often-stagnant offense a wide safety net. The Broncos went 12-3 overall in games decided by seven points or less.

While his 3-4 scheme helped unleash Malik Jackson and Derek Wolfe as 5-technique ends, and moved Von Miller into the highest-paid defender discussion, Phillips proved malleable in key spots. The Broncos deviated from their blitz-heavy tendencies against the Patriots, yet still posted a staggering 23 quarterback hits to prevent New England from taking advantage of Denver’s conservative offense in the AFC championship game. Using more of a base defense in Super Bowl 50, the Broncos quickly stifled the Panthers’ vaunted zone-read attack and illuminated some weaknesses in Cam Newton‘s game that hadn’t surfaced much during the season.

Denver looks to return the bulk of this defense, one that saw five players — Miller, DeMarcus Ware, Shaquil Barrett, Jackson and Wolfe — register at least 5.5 sacks. The defense’s transition from Jack Del Rio‘s read-and-react approach forced quarterbacks into difficult decisions while managing to be a stout force against the run despite Terrance Knighton‘s departure.

The defense’s performance gave the Broncos’ offense plenty of time to work out issues, but ultimately, the unit settled into a game-managerial style that managed to score enough points while limiting turnovers. The Broncos finished plus-4 in the playoffs, but Manning’s and Brock Osweiler‘s 23 combined regular-season interceptions were the most in the league.

Denver’s offense shifted through several phases during its 19 games. An awkward Manning trying out Gary Kubiak‘s system soon gave way to a pistol-modified version, before Manning’s injury brought back Kubiak’s under-center play-action concepts during Osweiler’s starts. Upon return, Manning’s ball-control-based postseason approach proved reasonably effective, but it obviously looked foreign to those who followed the Hall-of-Fame passer’s career.

Denver finished with two 1,000-yard+ receivers for the fourth straight season, with Demaryius Thomas and Emmanuel Sanders repeating that feat. The departures of Julius Thomas and Wes Welker showed, however, with the Broncos’ auxiliary cast failing to make a steady impact. Denver’s run game also didn’t resemble Kubiak’s usual upper-echelon editions, ranking 17th at 107.4 yards per game. C.J. Anderson‘s early struggles burned fantasy owners and forced Ronnie Hillman into the starting role. Hillman dashed for a career-high 863 yards and seven scores before running out of steam and ceding work to Anderson down the stretch. Although Evan Mathis ranked as Pro Football Focus’ best run-blocking guard, Denver’s offense line took a step back, giving up 39 sacks. The Broncos yielded just 35 combined in 2013 and 2014.

Manning turned out to be worth the five-year, $96MM contract he signed in 2012, guiding the Broncos to 50 total wins and two Super Bowl appearances. His first two and a half seasons in Denver produced historic numbers and turned the Broncos into instant contenders after years of middling play in the Mile High City. Manning seemed to hit a wall midway through the 2014 season, causing the Broncos to become more reliant on their defense and ground game. But becoming the first quarterback to win Super Bowls with two different teams, lifting Denver to six home playoff games and breaking numerous passing records will make the Broncos nearly as relevant as the Colts as part of Manning’s legacy.

Manning transforming the Broncos into an instant powerhouse, and improving on his QB-record 11 12-win seasons, should rank alongside the work he did in Indianapolis in terms of the signal-caller’s stamp on the game.

Now that the Manning era is over, it will be interesting to see how the Broncos attempt to extend what’s been their most consistent period of dominance in team history. Should Miller sign a mega-extension, the defensive pieces are still largely in place. But the luxury of a quarterback providing coach-level knowledge and elite-level on-field work Denver enjoyed for the most part during this stretch won’t be there. Whether the Broncos can maintain will depend on what happens at quarterback.

Key Free Agents:

Obscured partially by odd off-field incidents and other players’ rises over the past few years, Von Miller re-emerged as the most feared outside pass rusher in football. Miller’s 11 sacks were actually the second-worst total of his career, but he maintained his lofty standing with the advanced-metrics community. Pro Football Focus rated Miller as its second-best edge defender behind Khalil Mack, but bestowed its best run-defending grade for edge-rushers on Miller.

Miller long ago displayed his dominance in NFL circles but broke out on a national level during these playoffs.

Not factoring in much in the Broncos’ one-and-done postseason forays in 2012 or ’14, and not playing during Denver’s run to Super Bowl XLVIII due to a torn ACL, Miller turned in one of the league’s greatest playoff showings for a defender. His five sacks, two forced fumbles and an interception over the course of the Broncos’ final two wins illustrated his value. Predictably receiving the franchise tag, the soon-to-be 27-year-old Miller is the first player since Drew Brees to receive the exclusive tag for an impending free agent and the first non-quarterback to be protected in this manner since Richard Seymour in 2007.

Miller’s Broncos talks may be more complicated than the ones that resulted in franchise players Ryan Clady, Matt Prater and Demaryius Thomas being signed in July of 2012, 2013 and 2015, respectively. The star pass rusher appears to be campaigning for Ndamukong Suh-type money (six years, $114MM, $59MM guaranteed), but the Dolphins were paying Suh in comparison to what he could make on the open market after the Lions didn’t tag him. With Miller being tagged for $14.13MM, the Broncos can use that as leverage in an effort to keep Miller’s price under those marks. Still, Miller will surpass Justin Houston‘s league-high linebacker contract of six years and $101MM and be a part of the Broncos’ title defense this season. John Elway‘s track record for signing his top players points to Miller being back on a long-term accord, even though the negotiations could be tricky.

Elway’s talks with Osweiler may have progressed to the point where the ball’s in the court of Peyton Manning‘s longtime apprentice. The Broncos have reportedly offered the 6-foot-8 quarterback a $45MM deal over three years, which surpasses Nick Foles‘ prove-it-type pact with the Rams but falls just shy of the $16MM AAV threshold that poses a figurative line of demarcation for franchise quarterbacks. Sam Bradford‘s deal and Kirk Cousins‘ franchise tag may have increased Osweiler’s value. The 25-year-old comes in No. 1 on PFR’s list of available signal-callers, and it would behoove Osweiler to see what his market is before re-signing in Denver.

Osweiler may be able to earn more money with a team like the Texans, who aren’t in position to draft Jared Goff or Carson Wentz. But his odds of playing out a contract and staying on track to earn an accord in line with top-flight quarterbacks may be best with the Broncos. After going 5-2 as a starter in a strong late-season audition, Osweiler re-signing with Denver would place him back in a system he seems to fit and give him the luxury of operating with a top-tier defense. Should Osweiler sign elsewhere, he wouldn’t necessarily have these amenities and would have to go about learning a new offense. Osweiler may prove not to be worth the money in an environment that forces him to be more of a gunslinger and less of a game manager.

We don’t yet know what kind of guarantees the Broncos are offering, and that could be the delay in Osweiler re-signing. The former second-round pick surveying the market could induce Denver to up the price. Even though Elway has been one of the best GMs in the game in signing players to team-friendly deals, he might cave at the thought of Osweiler leaving and the Broncos having to turn to a journeyman or a rookie to guide his defending champion roster.

Signing Osweiler to a deal that either nears or exceeds $15MM annually, however, based on seven starts would qualify as Elway’s biggest risk as a GM. Osweiler’s 61.8% completion rate and 10-to-6 TD/INT ratio were positive marks based on his limited work in previous low-stakes situations, and the Broncos don’t win a title without his contributions. But Denver’s offense struggled to get first downs during several entire halves under Osweiler, whose ceiling is certainly in question.

A deal for Osweiler that’s only a few million per year shy of Manning’s lucrative salaries will make it difficult to keep Malik Jackson. The burgeoning-star defender has reportedly rebuffed eight-figure-per-season offers from the Broncos and seems likely to hit the market, where teams with more money and in greater need of pass-rushing help await. The reported deal close to $11MM AAV the Broncos offered Jackson would place the fifth-year player in close proximity to the highest-paid 3-4 ends who are not named J.J. Watt.

Jackson, however, has thrived at three different positions over the past three years – 4-3 defensive tackle in 2013, 4-3 end in ’14 and (most notably) 3-4 end under Wade Phillips – and could push for interior pass-rushing money in line with the 4-3 tackles that aren’t Ndamukong Suh. Although the 26-year-old Jackson outworked Gerald McCoy ($15.9MM AAV) and Marcell Dareus ($16.1MM per year) in terms of combined sacks, hits and hurries last year, he probably won’t receive an offer quite that lucrative. Anything in that realm and the Broncos — who already signed Jackson’s 2012 draft classmate, Derek Wolfe, to a four-year, $36.7MM deal — may have to let someone else pay Jackson’s second contract.

Danny Trevathan, however, profiles as the kind of player Elway has let leave. He allowed Wesley Woodyard to exit after 2013 and hasn’t paid the kind of money Trevathan is probably seeking to non-rush linebackers. The only deal of consequence the Broncos have given to an inside backer under Elway’s watch came when the team extended Joe Mays for $4MM per year in 2012, and John Fox benched Mays less than halfway into that season.

Trevathan looks to have a higher ceiling than Woodyard, who signed for four years and $16MM with the Titans in 2014. Despite playing his first season as an inside ‘backer, Trevathan led the Broncos in tackles for the second time and showed teams he has sufficiently recovered from the leg injuries that derailed his 2014 campaign. The former sixth-round pick could conceivably fetch more than $7MM from a linebacker-needy team. Twelve inside ‘backers earn that on average, and Trevathan is younger than most of them. Entering only his age-26 season, Trevathan ranks as PFR’s top inside linebacker UFA and, unlike Jackson, the Broncos haven’t made much of an attempt to keep him off the market.

Ronnie Hillman is a more intriguing case. He stood out for the Broncos in his fourth year and is only 24. Entering the draft after his sophomore season at San Diego State, Hillman is younger than his free agent ball-carrying brethren, but he clearly ranks among the second tier of UFA backs – behind the likes of Doug Martin, Lamar Miller, Matt Forte and possibly a few others – and may not command too much more than the $770K he earned in 2015. Should Hillman’s market dry out, a return to Denver looms plausible.

Hillman did not show well in the playoffs, rushing for just 54 yards compared to C.J. Anderson‘s 234. And despite his profile as a change-of-pace ball-carrier, Hillman didn’t factor into the Broncos’ passing game — the former third-round pick caught just 24 passes for just 111 yards. It’s more likely that the Broncos let someone else give Hillman a slight raise and either team Anderson with Juwan Thompson and a mid-round rookie next season, or select Anderson’s potential successor in the early rounds.

The Broncos’ free agent gridlock includes two starting linemen, Evan Mathis and Ryan Harris. Neither figures to rank too high on the club’s offseason itinerary.

Mathis graded as the best offensive lineman in the Super Bowl for either team, per Pro Football Focus, and proved to be another pivotal signing by the Broncos. Coming to Denver for one year and $4MM, Mathis battled multiple maladies to lead Denver’s three-guard rotation. He’s hinted at retirement and will turn 35 in November. It’s possible Mathis will continue his career and sign a new contract, but with Max Garcia likely to step in at one of Denver’s guard spots, the veteran likely won’t get that new contract from the Broncos.

An emergency signing once Ryan Clady tore his ACL during OTAs, Harris was thrust into the role of left tackle after Ty Sambrailo also was lost for the season. Harris and Michael Schofield doubled as one of the worst tackle tandems in football, according to PFF, however. The 30-year-old Harris could have a route back to Denver, where he has had two stints, but only as a swing tackle on a veteran-minimum-type contract.

Possible Cap Casualties:

The Broncos’ tightrope walk in an effort to keep Brock Osweiler and Malik Jackson could result in some high-profile names being cut.

Ryan Clady has already agreed to discuss a pay reduction, and the Broncos are in talks with their longtime left tackle about doing so. But how much of a salary slash the 29-year-old Clady will accept is uncertain, and so is his future performance level after missing 30 regular-season games — and both Super Bowls in which the team appeared — the past two years. A former two-time first-team All-Pro and a player drafted to block in a zone system identical to the one Gary Kubiak utilizes, Clady is probably a better option than most tackles available. But the Broncos could save $8.9MM by releasing him, a route John Elway likely will consider despite the Broncos’ issues at the position. Clady has two years remaining on the five-year, $52.5MM extension he signed four years ago.

Louis Vasquez resides in a similar place. Injuries nagged the former first-team All-Pro, and he lost snaps to Max Garcia in the Broncos’ guard shuffle. Although Vasquez played most of the snaps in the playoffs, he’s entering the final saeson of his four-year contract. The Broncos can save $5.5MM by cutting their right guard. As is the case with Clady though, they don’t have an in-house replacement.

One of these performers could well receive the ax, with DeMarcus Ware‘s lofty cap figure ($11.67MM) looming as one the Broncos would probably like to reduce but only ditch as a last-resort measure. Ware delivered more quarterback hits in the playoffs than Miller despite recording 3.5 sacks to Miller’s five. The Broncos may not have qualified for the Super Bowl had Ware not torched Sebastian Vollmer in the AFC title game, showing no ill-effects from the back injury that forced him to miss a career-most five games during the regular season.

Ware, however, will be 34 and the Broncos sport pass-rushing depth. Shaquil Barrett stood out as Ware’s primary replacement, collecting 7.5 sacks. The ex-UDFA could team with 2015 first-rounder Shane Ray to help the Broncos compensate for a Ware release. However, neither can match Ware’s explosiveness, and a scenario where the Broncos lose Ware and Manning in one week may be a lot to digest for a defending champion whose roster reveres those presences. The Broncos can save $10MM by jettisoning Ware.

Positions Of Need:

If the Broncos can’t reach an agreement with Brock Osweiler this week, their options dwindle fast, especially if the Jets retain Ryan Fitzpatrick. Chase Daniel and Matt Moore are the proven backup options, with potentially available higher-risk players like Colin Kaepernick and Robert Griffin III not yet officially available. The latter duo at their respective peaks would represent upgrades over Osweiler, but both come with significant baggage and aren’t the offensive caretakers Osweiler and the postseason version of Peyton Manning proved to be. Kaepernick may require the Broncos to surrender as much as a second-round pick as well.

Rookie prospects like Connor Cook or Dak Prescott may be contingency plans in case Osweiler does receive a monster offer and the Broncos need to sign a veteran backup. Manning’s workmanlike playoff outings proved the Broncos didn’t need stellar quarterback play to win, but their defense might not be quite as good if certain UFAs bolt. And having to go with a rookie learning from a veteran like Moore or even Tarvaris Jackson would potentially be a steep downgrade from Osweiler.

The Broncos’ overtures to Osweiler make it likely he returns, but if John Elway believes preserving this defense supersedes employing a highly-paid quarterback, it will be a very interesting offseason for the defending champions. Only one eventual Super Bowl champion in the free agency era has allowed its starting quarterback to defect via free agency – the Ravens upon replacing Trent Dilfer with Elvis Grbac – so there’s not a lot of precedent for what could transpire in Denver if its Manning succession plan backfires.

Denver’s offensive line will need reinforcements regardless of how Elway handles Louis Vasquez and Ryan Clady. Pro Football Focus ranked the Broncos’ front 20th last season, and the group’s top-rated performer, Evan Mathis, isn’t expected to be back. The Broncos probably turn to Matt Paradis and Max Garcia at two spots, with likely one of Clady and Vasquez occupying a third and Ty Sambrailo expected back at one of the tackle positions. But Sambrailo didn’t perform well in his brief debut, so adding a tackle should be a priority. Clady is a short-term solution at this point.

The bulk of the UFA tackles are power-blocking players, and with the salary crunch in which the Broncos find themselves, a high-priced player is presumably off the table. Texas Tech’s Le’Raven Clark or Indiana’s Jason Spriggs may be available when the Broncos pick at No. 31, and this figures to be an early-round need. Elway, however, hasn’t been big on drafting for need, exemplified first by his bypassing Patrick Peterson and Marcell Dareus for Von Miller, then the best-player-available tendencies surfacing again the past two years. In 2014, the Broncos drafted Bradley Roby after already having Aqib Talib and Chris Harris in the fold, and last year traded up to pick Shane Ray to play behind Miller and DeMarcus Ware.

Guard is also a need, and there are some UFA candidates. Former Gary Kubiak charges in Houston, Brandon Brooks and Ben Jones, make sense. Both Kubiak-drafted players began their careers as zone-blockers and possess extensive seasoning as starters. Brooks and Jones started at least 10 games in a season under Kubiak during his Texans tenure, and each has been a Houston starter the past two years. Before moving to center, Jones played guard under Kubiak.

Pro Football Focus hasn’t enjoyed Zane Beadles‘ work in Denver or Jacksonville, but the recently released guard has proven durable in being healthy for every game of his six-year career. Denver would be able to sign him for less than what the Jaguars paid to bring in the now-29-year-old interior man. Guard is a position the Broncos will also likely address in the draft. They haven’t taken a guard or tackle in the draft’s first two rounds since using a second-rounder on Orlando Franklin in 2011.

Should Jackson depart, the Broncos could save money by shifting Vance Walker to end and acquiring depth. Walker played end with the Chiefs and functioned well as a reserve tackle/end last season in Denver. PFF ranked Walker as its No. 27 interior defender, and he’s due back with the Broncos on a $1.5MM salary in 2016. Mike DeVito is one of the many UFAs that could depart Kansas City and won’t cost as much as Jaye Howard. DeVito had a decent season, but the Chiefs’ well-fortified front didn’t have room for him. Cedric Thornton did well for himself in his contract year, but possibly too well. There aren’t a lot of players who fit Jackson’s description; his replacement will be cheaper and almost certainly inferior.

Running back and inside linebacker qualify as needs, but the Broncos are unlikely to allocate much capital toward filling them, even though some mock drafts have the team going for Derrick Henry in Round 1. With C.J. Anderson‘s postseason work sample showing he’s a starting-caliber back, the Broncos need a player who can complement him by being a receiving threat instead of someone who has a similar skill set. Utah’s Devontae Booker (622 receiving yards in two seasons) or Louisiana Tech’s Kenneth Dixon (464 air yards, seven touchdown receptions in 2015) make more sense as a second- or third-round pick to supplement Anderson and potentially take over once Denver’s current starter’s contract expires after 2016.

Todd Davis looms as the top in-house option to succeed Trevathan. The Broncos, in all likelihood, won’t spend much more than a mid- or late-round pick here and almost certainly won’t bring in a pricey veteran.

Extension Candidates/Contract Issues:

Signed to what turned out to be a steal at three years and $15MM, Emmanuel Sanders enters a contract year in 2016. Gary Kubiak‘s offense traditionally funnels through its No. 1 receiver, as Rod Smith and Andre Johnson have shown, but Sanders has arguably been better than Demaryius Thomas the past two seasons at a fraction of the cost. This proved true in the playoffs, when Sanders served as Peyton Manning‘s top weapon in hauling in 16 passes for 230 yards compared to Thomas’ 7/60 line.

Entering his age-29 season this fall, Sanders could see his worth escalate a year from now. Assuming Alshon Jeffery and the Bears come to an agreement, Sanders could be the top receiver on the 2017 market prior to cuts being made, especially if the Texans extend DeAndre Hopkins or exercise his fifth-year option. Doug Baldwin and Michael Floyd are the other prominent 2017 UFAs as of now. Sanders’ versatility to line up outside and in the slot should put him in line for a final big payday.

To sign Sanders, the Broncos will need to up his price somewhat. If their now-conservative offense looks a lot like what it displayed in 2015, securing Sanders’ early-30s services might not be a high priority at the price he could command. After all, Thomas currently represents the team’s largest cap hold at $15.2MM in ’16. However, unlike this year, the Broncos don’t look to have a deep crop of departing UFAs, which could spark interest in retaining their No. 2 target.

Sylvester Williams‘ third season was largely overlooked due to the abundance of talent around him. The Broncos’ nose tackle proved serviceable in his first year without Terrance Knighton but came off the field on most passing downs due to Malik Jackson and Derek Wolfe‘s abilities at creating inside rushes. With Jackson perhaps on his way out of Denver, the Broncos may opt for some security on its front without much depth behind Wolfe and Williams.

The Broncos could keep Williams around for two more seasons, with his 2017 option costing them at least $6.15MM, and move on after his first contract expires. Williams entered the league in time for his age-25 season, and if the Broncos pick up his option, he’ll turn 30 during the first season of his next contract. The 27-year-old provides stability now, but barring an uptick in play, Williams may see age affect his earnings down the road.

Denver’s 2013 draft class wasn’t strong. Only Williams and third-rounder Kayvon Webster remain on the team, but Brandon Marshall looms as a de facto ’13 pick due to his rookie-year practice squad time delaying his NFL clock. Marshall, a restricted free agent due to receive a second-round tender from the Broncos, is on track to be a UFA next year and could have a similar market to Trevathan. A former Jaguars fifth-round pick, Marshall being back this season will make it easier for the Broncos to cut ties with Trevathan. But losing both of their No. 1 defense’s starting inside linebackers in two years would put an emphasis on adding at this spot in the draft.

If the Broncos don’t address the ILB position in the draft this year, they could attempt to lock up Marshall early for around $5MM-$6MM per season. The 26-year-old Marshall’s eventual asking price may depend on what Trevathan receives this week. With players like DeMarcus Ware, Louis Vasquez and possibly Ryan Clady and Aqib Talib (the latter due $32MM in non-guaranteed money for his age-31, 32 and 33 seasons) coming off the books, extending someone like Marshall may prove to be important.

Overall Outlook:

While it will be difficult to duplicate what the Peyton Manning years brought, the Broncos are well-positioned in the short-term. John Elway‘s ability to sign outside talent, keep his top players and unearth gems in the late rounds and via UDFA signings have his team looking like the favorite to win the AFC West for a sixth straight season.

Their defensive capabilities notwithstanding, the Broncos’ viability as a long-term contender will come down to Brock Osweiler‘s development if he re-signs. If Osweiler builds on his late-season work, the Broncos’ title window can potentially extend longer than expected. If the league adjusts to the thus-far middling talent, it’s hard to place the defending champions among the favorites to challenge teams like the Patriots or Steelers for conference supremacy.

Information from Over The Cap was used in the creation of this post. Photos courtesy of USA Today Sports Images.

Broncos To Tender RFA Brandon Marshall

As the Broncos attempt to get deals done with bigger-name free agents like Malik Jackson and Brock Osweiler, the team is taking care of one if its restricted free agents. According to ESPN’s Trey Wingo (Twitter link), Denver is placing a second-round RFA tender on linebacker Brandon Marshall.Brandon Marshall (LB)

While he hasn’t made as many headlines as teammates Jackson, Von Miller, and Danny Trevathan this offseason, Marshall is a key cog in the Broncos’ defense, starting all 16 games and three postseason contests for the club this past season. Marshall totaled 101 tackles, 1.5 sacks, two forced fumbles, and an interception.

By assigning him a second-round RFA tender worth $2.553MM, the Broncos will assure that if any team signs Marshall to an offer sheet that they choose not to match, they’ll receive a second-round pick as compensation.

Per Nicki Jhabvala of the Denver Post, the Dolphins and Seahawks are among the teams expected to have some interest in Marshall. However, I doubt that any club will be willing to part with a second-round pick to sign him, so the most likely scenario is that Marshall plays out the year on his tender before becoming eligible for unrestricted free agency next winter.

Here’s more on the Broncos:

  • Peyton Manning is retiring, but it’s not clear yet whether the Broncos will place him on the reserve/retired list or simply release him. As Michael David Smith of Pro Football Talk explains, it’s worth keeping an eye on, since Manning could come out of retirement down the road with no roadblocks if Denver cuts him.
  • According to Peter King of TheMMQB.com, the Rams’ brain-trust had mild interest in Manning, but hadn’t yet had a serious internal discussion about him, and likely wouldn’t have guaranteed him a starting job. If the Rams were the only club with any level of interest in Manning, as King suggests, it likely made the quarterback’s retirement decision easier.
  • For what it’s worth, Ed Werder of ESPN.com tweets that Manning and agent Tom Condon never attempted to determine other teams’ interest in the QB — their deliberations were simply about whether or not to retire.
  • The Texans are expected to contact Jimmy Sexton, the agent for Brock Osweiler, when the legal tampering period begins today, according to Mike Klis of 9NEWS.

ERFA Tender Decisions: 3/6/16

Here are today’s transactions involving exclusive-rights free agents.

  • The Patriots have tendered tackle Cameron Fleming, MassLive.com’s Kevin Duffy tweets. The 23-year-old Fleming was a fourth-round pick of the Patriots’ in 2014 and started seven games for the team last season.
  • The Broncos extended a tender to center Sam Brenner, Rand Getlin of NFL.com tweets. Denver claimed Brenner after the Dolphins released him midseason. Brenner did not see action for the Broncos, but the 25-year-old ex-UDFA’s started four games in his career.

FA Rumors: Osweiler, Okung, M. Williams

The big news of the day, of course, was the report that Peyton Manning will officially announce his retirement tomorrow. However, offseason business in the NFL waits for no man, and to that end, here are some notes regarding some of this year’s biggest free agents:

  • After Manning’s decision, and with free agency set to officially open on Wednesday, Ian Rapoport of NFL.com tweets that the Broncos‘ negotiations with Brock Osweiler will really begin to ramp up.
  • Adam Schefter of ESPN.com tweets that Osweiler may indeed re-sign with the Broncos, but that is far from a certainty at this point. As Schefter observes, other quarterback-needy clubs could make it difficult for Denver to retain the fifth-year signal-caller.
  • Even though the Seahawks are interested in retaining him, LT Russell Okung is intent on hitting the free agent market, per Rapoport (via Twitter).
  • Rapoport tweets that Mario Williams stayed the night in Miami after visiting the Dolphins, and while Williams has other visits lined up, Rapoport says that Miami could keep him from taking those visits.
  • Panthers GM Dave Gettleman does not spend big in free agency, but if he makes an exception this offseason, Joe Person of The Charlotte Observer identifies Eric Weddle and Bruce Irvin as two players that would make a great deal of sense for Carolina.
  • Aaron Wilson of The Houston Chronicle tweets that the Texans will be active in exploring the top of the free agent running back market after parting ways with Arian Foster. Wilson names Chris Ivory, Doug Martin, Lamar Miller, and Matt Forte as possibilities for Houston.
  • The Eagles will certainly invest free agent dollars and draft picks in their offensive line this offseason, and Jeff McLane of The Philadelphia Inquirer names Jeff Allen and Brandon Brooks as realistic targets for the club.
  • Free agent wide receiver Anquan Boldin, unsurprisingly, wants to continue his career with a title contender, according to Rand Getlin of the NFL Network (via Twitter).

Peyton Manning To Retire

It sounds like it’s for real this time. Peyton Manning will announce his retirement tomorrow in Denver, per ESPN’s Chris Mortensen (article via Jeff Legwold of ESPN.com). The Broncos’ official website has confirmed the report, and as Troy E. Renck of The Denver Post writes, Manning broke the news to GM John Elway and head coach Gary Kubiak last night. Manning’s press conference will be held at 1pm EST tomorrow, according to Ian Rapoport of NFL.com (via Twitter).

Manning will leave the NFL as a two-time Super Bowl champion, and the league’s all-time leader in total wins by a QB (200), passing yards (71,940) and passing touchdowns (539). He also holds the record for most single-season TD tosses (55, set in 2013). Additionally, the No. 1 overall pick of the 1998 draft has racked up 14 Pro Bowl bids, seven First-Team All-Pro selections, and five MVP awards on the heels of a stellar career at the University of Tennessee. He retires as the highest-paid player in NFL history, earning nearly $250MM over the course of his career (per Sportac). Feb 7, 2016; Santa Clara, CA, USA; Denver Broncos quarterback Peyton Manning (18) hoists the Vince Lombardi Trophy after beat the Carolina Panthers in Super Bowl 50 at Levi's Stadium. Mandatory Credit: Matthew Emmons-USA TODAY Sports

Manning spent the first 14 seasons of his remarkable career with the Colts, but after undergoing neck surgery in May 2011, Manning was still unable to complete his throwing motion and ultimately was forced to undergo spinal fusion surgery and miss the entirety of the 2011 season. That snapped his streak of 208 consecutive regular season starts and cast his NFL future into serious doubt. Indeed, when he began his recovery from the spinal fusion surgery, he could barely throw a football 10 yards, and even after he signed a highly-lucrative contract with Denver in March 2012, the Broncos were uncertain enough about Manning’s abilities that they drafted Brock Osweiler in the second round of the 2012 draft.

All of which makes Manning’s accomplishments with the Broncos all the more remarkable. During his four-year stint in the Mile High City, Manning completed 66.5% of his passes for 17,112 yards, 140 touchdowns against 53 interceptions, and he picked up three of his Pro Bowl nods, two of his First-Team All-Pro selections, one of his MVP awards, and of course, one of his two Super Bowl rings.

The 2015 campaign, though it ended in triumph, was perhaps the most difficult of Manning’s career, as he appeared in 10 regular-season games and compiled his second-lowest completion percentage (59.8%), not to mention personal worsts in touchdown passes (nine, against 17 interceptions) and QB rating (67.9). Manning was out of action for the second half of November and all of December because of a foot injury, but he relieved a banged-up Osweiler in Week 17 and never relinquished the starting job. Manning worked in a game manager role during the postseason, when the Broncos’ defense led the club to wins over the Steelers, Patriots and Panthers en route to a Super Bowl title.

In addition to his on-field difficulties in 2015, Manning faced scrutiny for his off-field behavior. In December, Al-Jazeera America released a documentary alleging that Manning and his wife, Ashley, received shipments of human growth hormone from the Guyer Institute as Manning was recovering from the above-referenced surgery. Manning has vehemently denied those allegations and even threatened legal action.

Manning is also among the athletes cited in a lawsuit filed by a number of women claiming that the University of Tennessee violated Title IX regulations and fostered a “hostile sexual environment” through its indifference to assaults allegedly committed by student-athletes. Manning is accused of placing his naked genitals on the face of trainer Dr. Jamie Naughright while she was examining him in 1996. Manning has denied the assault, claiming that he was mooning a teammate when the alleged incident took place, and Naughright’s earlier lawsuit against Manning himself was ultimately settled in 1997 with the agreement that Naughright leave the university.

A report last week suggested that Manning would indeed announce his intention to retire, but shortly after that report was published, other writers were quick to observe that Manning had not yet finalized his decision. It was still widely-expected that Manning would hang up the cleats, and even if he did choose to play for another season, it would not have been for the Broncos. If Manning had not made up his mind by the time his $19MM 2016 salary became fully-guaranteed on March 8, the Broncos would have been forced to release him so that they could clear his $19MM cap hit from the books. Now that Manning has decided to retire, Denver will perhaps use a good chunk of that money to sign Osweiler to a multi-year deal, thus signaling not only the end of a Broncos era, but the end of an NFL epoch.

We at Pro Football Rumors congratulate Manning, arguably the greatest quarterback of all time, on a remarkable career and wish him well in his future endeavors.

Connor Byrne contributed to this post

Photo courtesy of USA Today Sports Images

Extra Points: Manning, Vikings, Suggs, Jets

Peyton Manning‘s 2016 base salary of $19MM becomes fully guaranteed on March 9, and according to his agent, Manning knows that he needs to make a retirement decision before that date or risk being released by the Broncos. “There’s a time when the contract becomes guaranteed, so they’ll just have to make a move before then,” said Tom Condon on The Mighty 1090 in San Diego (link via Mike Florio of Pro Football Talk). “He’s completely aware of the guarantee obligation from the club on a date certain, and he knows that there has to be some accommodation prior to that.”

Here’s a quick look at some news and notes from around the NFL:

  • The Vikings are expected to target several Bengals free agents, writes Chris Tomasson of the St. Paul Pioneer Press, in large part due to head coach Mike Zimmer‘s familiarity with Cincinnati players — Zimmer was the Bengals’ defensive coordinator from 2008-13. According to Tomasson, Minnesota will look hard at safeties George Iloka and Reggie Nelson even after agreeing to re-sign Andrew Sendejo earlier today.
  • Ravens edge rusher Terrell Suggs was arrested in Arizona on Friday morning and charged with driving on a suspended license and leaving the scene of an accident, reports Jeff Zriebec of the Baltimore Sun. Both are seemingly minor offenses, but Zriebec notes that both can be tied to jail time in Arizona (though apparently the more common penalty is a fine). In a separate piece, Florio writes that the leaving the scene charge makes the situation appear more “ominous,” and he wonders if the league might look to impose discipline.
  • Pending further roster cuts, the Jets will enter the free agent period will less than $7MM to work with, leading Manish Mehta of the New York Daily News to observe that the club won’t be able to target high-priced free agents like it did in 2015. Affordable players like Ladarius Green or Alfred Morris might be more the Jets’ speed this year, opines Mehta.
  • This year’s receiver draft class is not expected to be special, leading Albert Breer of NFL.com (Twitter link) to believe that clubs needing pass-catchers could overspend — and potentially, make mistakes — in free agency.
  • The Chiefs made a number of changes to their offensive staff following the departure of play-caller Doug Pederson, and head coach Andy Reid told reporters, including Terez A. Paylor of the Kansas City Star (Twitter link), tonight that assistant quarterbacks coach Corey Matthaei will be helping out in coaching the team’s offensive line this season.

Broncos Increase Offer To Brock Osweiler

Two days away from being free to negotiate with other teams, Brock Osweiler now has more to consider about staying in Denver.

The Broncos have reportedly upped their offer to Osweiler, submitting one that’s worth more than $45MM over three years, according to Mike Klis of 9News."<strong

Previously, we heard Osweiler’s top offer from the Broncos was for more than $12MM per season. This latest development looks like John Elway is serious about keeping the fifth-year quarterback off the market.

Elway noted at the Combine he would approach these negotiations with the 25-year-old Osweiler with the idea his second contract would be the one where he’d have the opportunity to prove he’s worth established-starter money, which is around $16MM. Twenty quarterbacks earn that on average, with most of the starters not beyond that salary still playing on their rookie deals.

Osweiler’s previous offer was in line with what Nick Foles signed for with the Rams last year, but this one’s closer in AAV to Andy Dalton‘s $16MM pact. Of course, without knowing how much guaranteed money’s involved, it’s difficult to compare.

Klis hears this offer has incentives and is uncertain about how much of this deal would be fully guaranteed. The Texans, Jets, Browns, Rams and 49ers have uncertainty at quarterback and could be among the suitors for the 2012 second-round pick if he reaches the market.

With Sam Bradford now back with the Eagles and Kirk Cousins signing his franchise tender with Washington, Osweiler and Ryan Fitzpatrick have ascended to the top of the prospective free agent market. This could entice Osweiler to at least gauge his worth beginning Monday, when the NFL’s soft free agency period begins and runs until the market official opens Wednesday afternoon.

In a solid-yet-unspectacular audition that concluded with a 61% completion rate and a 10-to-6 touchdown-to-interception ratio, Osweiler went 5-2 as a starter last season for the Super Bowl champions after making no starts in the previous three campaigns.

Peyton Manning, meanwhile, still hasn’t informed the Broncos of his plans. The team is expected to move on from Manning, who, according to Klis, will get an update from the 39-year-old signal-caller on Monday or Tuesday.

Photo courtesy USA Today Sports Images

Show all