Report: Broncos offer Osweiler 3-year deal, more than $45M
The Denver Broncos reportedly have offered quarterback Brock Osweiler a three-year contract worth more than $45 million as the clock continues to count down toward the free agency deadline next week.
NFL sources told Mike Klis of KUSA of the deal on Saturday after the Denver Post reported the Broncos’ offer to Osweiler was more than $12 million a year.
According to the Denver Post, the Broncos have made a competitive offer likely to be more than Los Angeles Rams quarterback Nick Foles’ $12.27 million per season.
The Broncos’ $45 million-plus package includes incentives, according to KUSA.
Neither report indicated how much money is guaranteed in these offers to Osweiler, who is set to become a free agent on March 9.
Since the Broncos took home the Lombardi Trophy, the franchise has been in quarterback limbo.
Peyton Manning is living up to his plan to soak in his second Super Bowl victory before deciding if he will retire, and team president John Elway has been affording him that time.
The Broncos are expected to get an update on the future of Manning either Monday or Tuesday.
Most assumed Manning would ride off into the sunset after 18 seasons, but he has not made any public statements of his future since Super Bowl 50.
If Manning remains undecided, the Broncos are expected to make a procedural move that would release them from his 2016 salary of $19 million that is scheduled to become fully guaranteed on Wednesday.
Osweiler, 25, showed promise in eight appearances last season, throwing for 1,967 yards while completing 61.8 percent of his passes with 10 touchdowns against six interceptions.
He went 5-2 as a starter after a left foot injury forced Manning to the bench.
Manning did not speak of his retirement while addressing thousands of health care tech professionals at the Venetian in Las Vegas on Friday.
Manning talked in the present tense about his career during Friday’s address, hinting of the difficultly in making a decision, according to the Denver Post.
“No one is too old or too experienced to require encouragement and support,” Manning said about last season, answering one of the preapproved questions from the audience. “My teammates had my back and I knew it.”
