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Broncos projected to have $58M in cap space in 2020

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The Denver Broncos head into the offseason with the eighth most salary cap space in the NFL and that figure could rise in the coming weeks.

NFL: Oakland Raiders at Denver Broncos Ron Chenoy-USA TODAY Sports

The Denver Broncos have plenty of cap space to spend heading into the 2020 offseason and they’ll need it if they are to catch back up to the now-defending Super Bowl champion Kansas City Chiefs. According to Spotrac, the Broncos currently have the eighth most cap space at $58 million.

However, they also have two players counting the most against the cap right now. Von Miller, who ranked in the top five in quarterback pressures last season, is worthy of his $25.6 million cap hit. Joe Flacco, who figures to never play another down in Denver again, is tenth at $23.7 million.

Once the Broncos cut Flacco from the roster, they will free up another $10 million in cap space. That will move them up to sixth and if they cut other veterans like Ron Leary they would move into the top five as free agency hits.

With so many roster holes to fill, an aggressive free agency could help the Broncos turn a 7-9 finish into a playoff team next season.

Mile High Report’s newest podcast addition, Cover 2 Broncos with Jeff Essary and Joe Rowles, launched today and they dove into the biggest needs for Denver this offseason. What kind of moves should Denver make to improve into a playoff contender next season?