It’s official: Riley Dixon is a Denver Bronco (again).
Dixon has returned to the city where his NFL career began, signing a two-year deal with Denver earlier this week. Thanks to various reports, the details of that contract are now known.
Dixon, 29, received a $600,000 signing bonus that will be prorated as $300,00 salary cap hits over the next two years. He will have a $1,165,000 base salary this season with $400,000 guaranteed. That gives him a total of $1 million guaranteed (signing bonus and guaranteed salary) in 2023.
Dixon will have a total 2023 salary cap hit of $1.465 million.
After that, the Broncos could get out of Dixon’s contract in 2024 with a $300,000 “dead money” cap hit and not owe the remaining $1.735 million. If the team does pick up the final year of Dixon’s contract, the punter will have a $1,735,000 base salary in 2024.
Dixon’s total 2024 salary cap hit is set to be $2.035 million.
Dixon ranked 11th among punters with an average of 48.4 yards per boot last season. He had a long of 67 yards and none of his punts were returned for touchdowns.
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