Per Mike Klis of 9News, the Denver Broncos have restructured their contract with Donald Stephenson.
Broncos and Donald Stephenson have restructured contract keeping OT with team. #9sports— Mike Klis (@MikeKlis) March 12, 2017
The Broncos missed out on the free agent tackle market, so it made sense to find a way to keep what they had. Donald Stephenson could have saved the Broncos $3 million in cap space by being cut, but would have incurred a $2 million dead money hit. A restructure likely makes all situations better for Denver on the dollars side of things.
Instead of getting a $4 million injury-only guarantee on Monday, Stephenson will get $2M fully guaranteed now and the other $2 million if he makes the final 53-man roster. This gives Stephenson incentive to work his way onto the roster, but also protects the Broncos if he doesn’t ultimately make the final cut.
The plan appears to be trying Stephenson out at left tackle. With Menelik Watson likely to take over at right tackle, the Broncos will need to figure out who will protect the quarterbacks blindside.