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Broncos cut veteran punter Britton Colquitt

The Broncos have parted ways with their veteran punter

Mark J. Rebilas-USA TODAY Sports

According to 9NEWS Denver's Mike Klis, the Denver Broncos have cut veteran punter Britton Colquitt as they trim down their roster to 75 players before the 2 p.m. MT deadline.

This became an obvious move after the Broncos approached Colquitt about restructuring his contract once again after Saturday's week three preseason game. Colquitt refused the offer and the Broncos moved on from there. The Broncos tried shopping Colquitt around on Monday to see if they could get anything in return but no one took the bait. So now the Broncos have decided to move on from their veteran punter.

Colquitt played a total of seven years with the Broncos and was one of the better Punters in the league during that time. He totaled 472 punts for 21,327 yards. That averages out to be about 45.2 yards per punt for Colquitt. He downed 149 of those punts inside the 20-yard line for the Broncos. Colquitt was a big reason why the Broncos were so successful during their 2015 playoff run. Field position was huge for the team and Colquitt continued to boom the ball deep pinning their opponents in poor field position. He should be signed rather quickly.

Releasing Colquitt free's up some money for the Broncos who may need the extra money to extend star wide receiver Emmanuel Sanders who is entering the final year of his deal with the team. The two sides have been talking but haven't made any progress since. So maybe the extra money available will help things get started again.

Replacing Colquitt is rookie punter Riley Dixon. He has looked good this Preseason and Training Camp and provides the Broncos with a younger and cheaper punting option. He has some big shoes to fill, but he was known for his hang time skills in college so hopefully he continues that in the NFL.

The Broncos still have 3 more cuts to be made official, so stay tuned to Mile High Report for those cuts.