The Denver Broncos are expected to release perennial Pro Bowl cornerback Champ Bailey, a person familiar with the situation told The Associated Press on Wednesday night. The person spoke on condition of anonymity because no announcement was made. A message was left with Bailey's agent.
By releasing Bailey, the Broncos would open up cap space with the 12-time Pro Bowl player scheduled to make around $10 million next season. Bailey was sidelined most of the season by a nagging left foot sprain. The 35-year-old shutdown corner returned late in the season to help the Broncos advance to the Super Bowl, where they lost 43-8 to Seattle.