The Broncos have not yet made an external free agent addition.
They’ve been busy agreeing to terms and announcing new contracts with several of their own players, however.
Should Denver decide to get in the mix in free agency, swing a trade between now and next month’s draft — or going forward after that — or otherwise want to move money around, the club has the cap flexibility to do so.
The full impact of Denver’s internal signings, releases and restructures on Denver’s 2026 cap are not yet fully clear, but fairly strong estimates can be made with the help of NFLPA and OvertheCap data.
Given what’s known so far about the players Denver has signed and where Year 1 cap numbers are likely to check in for inside linebacker Justin Strnad and tight end Adam Trautman — their three-year deals are worth a similar $18 million and $17 million total, respectively — the Broncos are sitting somewhere in the neighborhood of $13-15 million in cap space, though that number will change substantially on June 1.
Denver started the legal tampering period by creating nearly $11 million in cap space when it converted right guard Quinn Meinerz’s base salary to a bonus.
The Broncos have not used void years in any of the deals they’ve signed, bringing their players back so far, multiple sources familiar with the deals told The Post.
That means the signings’ 2026 cap numbers look like this:
RB J.K. Dobbins: $6 million
ILB Alex Singleton: $5.97 million
CB Ja’Quan McMillian (RFA tender): $5.76 million
OL Alex Palczewski: $3.25 million
QB Sam Ehlinger: $2 million
All of those numbers put Denver at $18.62 million in top-51 cap space, according to OvertheCap. That’s before factoring in Strnad and Trautman.
Their exact cap figures are not yet known, but considering how Denver typically structures deals and that they have similar total values, each likely has a 2026 cap charge somewhere around $4 million.
Once those deals are factored in, they should account for approximately $5-6 million in net cap space.
The raft of one-year deals Denver agreed to on Wednesday with players like TE Lucas Krull, DL Matt Henningsen and FB Adam Prentice will only move Denver’s cap space nominally.
Denver will need a net of about $4 million next month to sign its draft class next month based on its current selections.
The Broncos will get cap relief from releasing inside linebacker Dre Greenlaw, but not right away because they are using a post-June 1 designation, a source told The Post earlier this week.
They must carry his entire $10.36 million cap charge until June 1. At that point, the Broncos will gain $8.19 million in space and take the other $2.17 million as a dead cap charge.
In all, Denver isn’t sitting on a mountain of salary cap room, but the club has room to maneuver over the rest of the offseason.
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