The Broncos will place a franchise tag on free agent safety Justin Simmons, the team announced Friday.
“We remain focused on reaching a long-term contract agreement with Justin, and he’s a big priority for us,” Broncos general manager John Elway said in a statement released by the team. “This is a placeholder in that process and our goal is the same — to make sure that Justin is a Bronco for a long time.”
Based on a potential $200 million salary cap, Simmons’ tag could be worth around $11.5 million. The 2020 salary cap won’t be announced until next week.