According to ESPN's Adam Schefter, Osweiler still may sign with the Denver Broncos, but right now it is "far from a certainty" that the two sides agree to a deal.
Brock Osweiler may indeed resign with Denver. But that, at this time, is far from a certainty. Other QB-needy teams will make this tough.— Adam Schefter (@AdamSchefter) March 6, 2016
It was reported yesterday that the Broncos offered Osweiler a three-year deal worth more than 45 million dollars. No other details were released about that contract.
If the Broncos and Brock Osweiler do not agree to a deal sometime today, he will be allowed to test the free-agent market starting tomorrow. The "legal tampering" period begins tomorrow, so the other 31 NFL teams will be able to bid on Osweiler's services.
The way Schefter worded his tweet, it makes me believe that Osweiler will indeed test the market.
My best guess on the situation is that Osweiler received possibly his final offer from the Broncos, and will be able to test his value on the open market.
The teams that have been rumored to have varying interest in Osweiler are the New York Jets, Houston Texans, Los Angeles Rams, and the Cleveland Browns. All four of those teams have the cap space to outbid the Broncos. The one thing that the Broncos have that those four teams do not is a Super Bowl caliber team.
With Peyton Manning announcing his retirement, the Broncos are expected his "ramp up" their negotiations with Osweiler, but will it be enough to keep the quarterback in Denver?
The Peyton Manning retirement is only the beginning of a busy week ahead for General Manager John Elway and the Denver Broncos.