The Broncos don’t have quite as much salary cap space as was thought.
The NFLPA updated its salary cap report and it shows the Broncos have $16.148 million left in cap space, a $4.5 million drop from the $20.6 million that was listed after Denver’s most recent free agent signings.
Denver’s loss in salary cap space is due to a repayment of an NFL loan that teams were allowed to take in 2011 and 2012. The Broncos took the maximum loan, $3 million in 2011 and $1.5 million in 2012. It’s now time for that loan to be repaid in regards to the salary cap.