As first reported by Jason La Canfora, The Denver Broncos have parted ways with 12-time Pro Bowl cornerback Champ Bailey Wednesday afternoon per an NFL source. Bailey was in his 16th year in the NFL and hasn’t been the same player of late. He would appear in five regular season games this year due to a foot injury he suffered in the preseason.
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
Bailey was set to make around $9.0 million dollars this season with a cap of $10 million, but this was a good move on the Denver Broncos part. Bailey isn’t getting any younger as the team looks to move forward with the pieces they have. They still have to discuss contracts with Chris Harris Jr. and Dominique Rodgers-Cromartie who are both set to be free-agents; Harris is a restricted free-agent.
Denver has been linked to being interested in Darrelle Revis of the Tampa Bay Buccaneers. Freeing up that much cap space could make for an interesting story. Revis is earning upwards of $16-million a year as the Buccaneers look to be in a rebuilding stage.
Bailey’s 10-year career in Denver won’t be forgotten, especially his interception against the New England Patriots back in the 2006 Divisional Round Playoffs off of Tom Brady.