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Broncos releasing veteran OLB Randy Gregory, bailing on five-year contract after just 10 games

Sean Payton and the Broncos delivered a Week 5 surprise Wednesday by releasing veteran pass rusher Randy Gregory, multiple sources confirmed to The Post.

Gregory inked a five-year deal worth up to $70 million in the spring of 2022 but played in just 10 games for the franchise. He had about $28 million guaranteed on his deal.

The former second-round draft pick from Dallas missed 10 weeks with a knee injury last year and had struggled to generate production early on in 2023. On Sunday against Chicago, second-year man Nik Bonitto took his starting spot.

Gregory had a guaranteed $14 million base salary for 2023 and a cap hit of $16.