— Mike Klis (@MikeKlis) March 11, 2016
According to OTC’s page on Sanchez, he will be due a $4.5 million salary, with $1 million guaranteed. That will also be the cap charge that the Broncos take on when they acquire him.
UPDATE, 11:50 AM MT: Elway’s made it official.
Acquired QB Mark Sanchez for a conditional '17 pick. He brings veteran leadership & will compete. This is the 1st step in our process.
— John Elway (@johnelway) March 11, 2016