Per source, G Evan Mathis has agreed to a one-year, $6 million deal with the Cardinals. He takes Jonathan Cooper's spot on the roster.
— Albert Breer (@AlbertBreer) March 16, 2016
At $6 million, Mathis would be valued as a 5th round compensatory pick for the Broncos in 2017. Because the Broncos have now lost 6 compensatory free agents and only gained one, the 5th rounder for Evan Mathis will supersede a previous 7th rounder projected for Ryan Harris. The Broncos now gain the leverage to sign a CFA that has a value of a 6th rounder or less (likely a maximum APY of $5 million) without sacrificing their current holding of two 3rd round comp picks (for Brock Osweiler and Malik Jackson) and two 5th round comp picks (for Danny Trevathan and Mathis) in the 2017 NFL Draft.