The Broncos will receive salary cap relief in 2025 after cutting Josh Reynolds

The Denver Broncos waived veteran wide receiver Josh Reynolds on Tuesday, a move that allows him to play elsewhere down the road.

The deadline for activating Reynolds (finger) from injured reserve was Wednesday and if the Broncos had not signed him to the 53-man roster or cut him, he would have spent the remainder of the 2024 season on IR.

It was surprising that Denver parted ways with receiver, but coach Sean Payton is clearly happy with Courtland Sutton, Devaughn Vele, Marvin Mims, Lil’Jordan Humphrey and Troy Franklin at receiver. Reynolds will now have a chance to find his footing elsewhere rather than being shelved.

The move will also save the Broncos salary cap space in 2025.

When Reynolds signed this spring, he received a $2 million signing bonus, prorated over two years as a $1 million cap hit. So he will hit a salary cap hit of $1 million in 2025, but his base salary of $3,990,000 and roster bonus of $510,000 will not count against the team’s books.

According to OverTheCap.com, this will net Denver $4.5 million in additional salary cap savings next spring. Considering Reynolds turns 30 in February, it was likely an easy decision for the Broncos.

Sutton remains the team’s WR1 and rookies Vele and Franklin have shown promise this season, while Mims has seen his role upgraded in year two. Expect the team to add reinforcements in 2025 as the youth movement continues.

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This article originally appeared on Broncos Wire: Broncos get salary cap relief in 2025 after cutting Josh Reynolds