Last month, news broke of a financial contract that made sports history. As of June 7, the Denver Broncos reached a sale agreement with the Walton-Penner Family Ownership Group for $4.65 billion, a record-high price for any sports franchise in North America. The new owners are a collection of some of very wealthy individuals including Walmart heir Rob Walton and his daughter, Carrie Walton Penner, among others. Though the purchase must be approved by 24 of the league’s owners, it is likely to move forward. So what does this change in ownership mean for the team’s roster?
New Owners with Deep Pockets Could Mean Less Financial Concerns
Gossip has circulated of a very steep asking price for the Broncos’ new QB. Russell Wilson is rumored to be seeking $250 million for a five-year contract. While the dual-threat QB may very well be worth the price, the team’s overall financial stress could be lessened by the new wealthy owners.
Odel Beckham Jr. is currently a free agent. Matt Royal of Gridiron Heroics predicts that the Broncos could be a good option for the impressive wide out. With a recent history of bouncing from team to team, Odel may be seeking a more stable situation in the future. The Broncos’ new owners might see fit to offer him a favorable contract to secure a long-term relationship.
On the defensive side of the ball, newly signed nose tackle DJ Jones could really help round out Denver’s roster. While this is good news for the team, it could spell trouble for the defender he’s replacing. Mike Purcell has a $4.3 million cap hit for 2022, and with DJ in the mix, the new owners could see fit to get rid of the unneeded back.
How Will the New Owners Affect the Broncos’ 2023 Free Agent Market?
Even with some of the loosest purse strings in the league, the rules on overall salary cap could limit the Broncos’ ability to attain more big-name players. After all, Russell Wilson is soaking up quite a bit of salary cap space, especially if his rumored contract extension is signed. So how will the team’s 2023 free agent potential fare in these conditions?
The team will need more than just a powerhouse QB to win another Super Bowl. They have some notable holes in offense. Tight-ends Albert Okwuegbunam and Greg Dulcich have not yet shown remarkable performances. At the right tackle position, the team will need some stable long-term players. However, Billy Turner is a relatively older back, and Calvin Anderson has not yet shown outstanding potential. Will the new owners make some trades to make the most of their limited salary cap? The 2022 season will likely shed some light on this.
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