July 4, 2024

The Walton/Penner ownership group has to get a handle on these five things before a true Denver Broncos rebuild can happen.

The 2-5 Denver Broncos are coming off their first home win of the season and will face the Kansas City Chiefs for the second time before heading into their bye week.

While a win over the Chiefs isn’t an impossibility, it’s certainly a long shot. The more likely outcome is the Broncos being 2-6 entering the bye week, which should leave no further question about the team’s need for a full rebuild.

I’ll be talking more about the particulars that go into a full rebuild and how they apply to the Broncos, but here are five things that the Walton/Penner ownership group needs to keep in mind when determining how the rebuild path will proceed.

While the Broncos do need to free some cap space for 2024, they shouldn’t do so just so they can go sign more free agents. Denver needs to keep as much as possible to carry over into 2025.

Teams do have to meet certain spending thresholds, but those apply to cash spending, not cap space utilized. It’s possible to meet those cash thresholds without having to push tight against the cap.

By accumulating cap space, the Broncos are in a better position to build the team in the future. This is particularly true if they draft a quarterback in 2024 who shows he can be the guy to build around.

It may be frustrating for fans to sit out free agency for a year, but it’s needed in order for a rebuild to work. Fans should not be holding out hope for a free agency haul, whether it’s like 2014, 2023, or any other year.

When the Broncos hit their bye week, I’ll go into more detail about these considerations and what they mean.

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