The Broncos' expected pocket change requires more than pocket change. As the Peyton Manning era officially ends, the Broncos are attempting to secure Brock Osweiler on a three-year deal.
The competitive offer extended includes an average annual salary of about $13 million over three seasons. The guarantees and incentives to enhance the deal are unknown, but the Broncos typically front-load the guaranteed money to create future flexibility. As reported Friday, Osweiler's offer exceeds the contract of the Los Angeles Rams' Nick Foles, whose $12.27 million average annual value represented a floor in negotiations.
The Broncos' exclusive negotiating window closes Monday, creating competition, but it would not preclude Denver from reaching a deal.
Osweiler, 25, impressed coach Gary Kubiak during his seven-game run as a starter last season. He went 5-2, including twice rallying the Broncos from 14-point deficits in wins over the New England Patriots and Cincinnati Bengals.
Osweiler, who threw 10 touchdowns with six interceptions last season, has been a top priority. When he took over Nov. 15 after Manning's left foot injury, the Broncos ranked 29th in rushing at 86 yards per game. They finished 17th, averaging 107.4 yards as Osweiler worked more under center than in shotgun formation.