Broncos make moves with eye on cap space
Published: February 16th, 2009 | Tags: Denver Broncos, Dewayne Robertson, Jamie Winborn
When the Broncos released defensive end John Engelberger, tight end Nate Jackson, linebacker Niko Koutouvides, safety Marquand Manuel, defensive tackle Dewayne Robertson and linebacker Jamie Winborn it had massive salary-cap consequences.
All together, the Broncos freed up $22,198,000 in salary-cap savings with $1,888,000 in dead money — quite a savings on players that were not being counted on to contribute much.
Here is the breakdown:
Robertson: $16,000,000 cap savings based on $16,000,000 in ’09 money against zero dollars in prorated acceleration.
Koutouvides ($3.06 million): $1,061,000 cap savings based on $2,395,000 in ’09 cap money against $1,333,320 in prorated acceleration.
Winborn ($2.25 million): $2,250,000 cap savings based on $2,250,000 in ’09 cap money against zero dollars in prorated acceleration.
Manuel ($1.33 million): $1,166,000 cap savings based on $1,133,000 in ’09 cap money against $166,000 in prorated acceleration.
Engelberger ($2.18 million): $1,164,333 cap savings based on $2,185,000 in ’09 cap money against $166,666 in prorated acceleration.
Jackson (less than $1 million): $557,000 cap savings based on $770,000 in ’09 cap money against 212,500 in prorated acceleration.