Broncos Trade Ryan Clady To The Jets

By trading Clady, the Broncos will gain $8.9 million in 2016 cap space while carrying $1.2 million in dead money from Clady’s remaining prorated bonuses.  This should give the Broncos something close to $10 million in 2016 cap space.

The Jets’ 5th round pick is #157 overall.  At this time, it is unclear which of the three of the Broncos’ 7th round picks (#228, #235, or #253) they gave up.