Wednesday, February 18, 2009
Broncos restructure DJ Williams' deal
With the announcement of the release of Dre Bly, the Broncos actually put themselves in a position where they would actually be losing money in the cut. Well, that is still true, but they've gained some of that back.
Mike Klis of the Denver Post is reporting that DJ Williams agreed to reduce in 2009 salary to $900,000, and transferring the rest to a guaranteed roster bonus of $4.5 million. So the savings of this move is essentially $3.6 million. However, the $3.6 million is only not the actual savings against the cap. Because there is no new CBA deal in place yet, all guaranteed money has to be paid in 2009. So the Broncos are ahead of where they were last night after the Bly transaction, but only by about $400,000.
In this article from Klis, there's also a snippet that the Broncos are trying to extend the contracts of two of their three pro bowl players this year, WR Brandon Marshall, and C Casey Wiegmann. They are both in their last year of their contracts. However, unless a deal is reached for a new CBA by next season, Marshall, if not extended, will be a restricted free agent next year. Which means, that the Broncos will place a tender on him, a team will decide if the tender is worth it, and if they do they'll offer him a contract. The Broncos will be placed in a position to either match the contract, or let him go for an immediate compensation of a draft pick(The draft pick depends on how high the Broncos set the tender).
One thing is for certain and that is the fact that DJ Williams, and Brandon Marshall both to appear in the Broncos long term plans. Which is very comforting for a Bronco fan.