Myers, 33, will likely draw interest from the Broncos, who are expected to address the center position this offseason. Myers was drafted by the Broncos in the sixth round of the 2005 NFL Draft. He signed with Houston in 2008 and started all 16 games for seven consecutive seasons.
Myers was slated to make $6 million in 2015, the final year of a four-year, $25 million contract he signed in 2012. He played under Broncos coach Gary Kubiak for six seasons in Houston.
Other free agent options at center include Rodney Hudson and Stefen Wisniewsk.
A two-time Pro Bowler, Myers has performed well since leaving Denver. He has averaged just two penalties and one sack allowed per season, according to STATS. Myers ranked third among Pro Football Focus' run-blocking centers in 2014, and he would fit in well with Denver's zone-blocking scheme.
Denver currently has a pair of 32-year-old centers on the roster in Will Montgomery and Manny Ramirez, but the position can afford to be upgraded. Denver has the cap room to do so.
Before restructuring quarterback Peyton Manning's contract, the Broncos had around $17 million in salary cap space available. After Manning's $4 million pay-cut becomes official, it could save Denver over $10 million in cap room, according to SiriusXM's Ross Tucker.
A few of those millions may be paid to Myers.
(H/T to Sayre Bedinger of Predominantly Orange.)