The GIST: Forget about Love is Blind, yesterday was NFL franchise tag deadline day, which brought a flurry of major decisions as teams gear up for the start of free agency in just one week.
Denver Broncos are parting ways with Russell Wilson: Broncos fans, get ready. Denver announced on Monday that they will release their highly-touted quarterback (QB), bringing an end to his disappointing two-year stint in the Mile High City. Despite signing a massive contract worth nearly $250 million in 2022, Wilson has struggled significantly during his time with the team.
In a hefty move, Denver will incur an NFL-record $85 million dead cap hit by releasing Wilson. Dead money is the cap space allocated to a player who is no longer on the team’s roster, making it more challenging for the Broncos to sign other players after the release. No cap.
Eight players have been given the franchise tag: Meanwhile, eight NFL teams decided to use their franchise tag on players who are about to become unrestricted free agents, keeping them on the team for one more year and giving the team the opportunity to match any contract offers from other teams.
However, the notable news is who did not receive the franchise tag. This list includes NY Giants running back (RB) Saquon Barkley, who will now enter free agency and lead a talented RB class.
What’s next: Get ready for a frenzy in free agency when the new league year kicks off next Wednesday. With Wilson, Barkley, and many other stars hitting the open market, the excitement is just beginning.
