Broncos restructure Bryce Callahan’s contract, create more cap space

The Denver Broncos have restructured cornerback Bryce Callahan’s contract, according to a report from NFL Network’s Tom Pelissero. The restructure will save the team $1.8 million in salary cap space this season.

Callahan can earn $2 million in playtime incentives, according to Pelissero. That gives him the opportunity to make back some money and it gives Denver some security incase Callahan is sidelined by injury again.

Aaron Wilson of the Houston Chronicle shared the complete details of the new contract on Twitter:

Bryce Callahan (Broncos), two years, $12.382M, $3.882M gtd), salaries $1.25M, $6.5M; $3.5M 2nd day 2020 league year gtd for skill-injury; per game active roster bonus up to $250K 2020; $500K per game active roster bonus up to $500K, cont.

— Aaron Wilson (@AaronWilson_NFL) March 22, 2020

Bryce Callahan has $382,353 2021 roster bonus gtd for skill-inj if 17-game season in 2021 and if on active-inactive roster at any point after 1st game 2021, also has $2M playtime incentive 2020

— Aaron Wilson (@AaronWilson_NFL) March 22, 2020

Callahan missed all of last season as he tried to recover from a foot injury. The Broncos are hopeful that he can recover in time for the 2020 season.

After Denver singed tight end Nick Vannett, we estimated that the team had roughly $13.325 million in remaining cap space (that’s a rough estimate because the contract details for new offensive lineman Graham Glasgow are still murky). Adding in the savings from Callahan’s restructure, that number increases to $15.125 million (but again, that’s a rough estimate).

The Broncos appear to be done making big moves in free agency.