The Denver Broncos released veteran cornerback Champ Bailey on Wednesday.
It was never a matter of if, rather when the Broncos would cut ties with the now 35-year-old. Once one of the games best corners, Bailey all but disappeared last season while dealing with a foot injury. He was limited to just five games for the Broncos.
The Broncos were never going to pay him a $1 million roster bonus due on March 15 and his $10 million cap number was simply too big to ignore. Denver can now target help in their secondary.
The Broncos will be releasing CB Champ Bailey, according to an NFL source. He was set to earn $9M this season with a cap # of $10M
— Jason La Canfora (@JasonLaCanfora) March 6, 2014
As for Bailey, he does not seem willing to move to safety which could severely limit his market. Regardless of where he plays he will be doing so for significantly less than the $9 million that the Broncos owed him.