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Breaking News: Broncos are releasing guard Louis Vasquez

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Broncos are freeing up some cap space.

Mark J. Rebilas-USA TODAY Sports

According to NFL Networks Ian Rapoport, the Denver Broncos are on the verge of releasing veteran guard Louis Vasquez.

Vasquez signed with the Denver Broncos back in 2013 when he signed a four-year, $23.5 million dollar deal with the team. Since then he started 47 of 48 games for the Denver Broncos and played well for them.

According to Pro Football Focus, Louis Vasquez ranked as the 45th ranked guard in the NFL in 2016.

This release really does not come as a huge surprise. Vasquez wasn't the greatest fit for Kubiak's zone blocking scheme, and they need the extra cap space to sign their own free agents and add others.

Releasing Vasquez saves the Broncos $5.5 million dollars in cap space, and they take a $1.25 million hit in dead money.

This leaves the Broncos without either of their starting guards from the 2015 season. Veteran Evan Mathis is a free agent and is mulling his future with the team, and Vasquez has been released.

Look for Max Garcia to take one guard spot and the other will either be added this offseason or come from the current roster. Guys like Robert Myers, Michael Schofield, Ty Sambrailo, and others could be some in-house options at guard.

I'd look for Vasquez to have multiple suitors this offseason and probably signs rather quickly.