John Elway, Broncos Executive Vice President of Football Operations, says his club will be spenders this offseason, more so than last offseason.
“Cash-wise we’ll spend more than cap this year,” said Elway. “But that’s where it comes down to how everybody accounts and how the numbers get skewed. Whether you’re over the cap or under the cap it just comes down to the accounting.”
The Broncos spent a few million under their $120.375 million salary cap in 2011.
With a roll over amount in excess of $20 million, the Broncos are expected to have a salary cap number north of $140 million in 2012.
Right now, the Broncos have somewhere about $85 million in cash committed to 2012, so based on Elway’s comments today, the Broncos appear poised to be heavy spenders when free agency opens on March 13th.