The Broncos just converted a huge chunk of Von Miller’s salary

John Elway is on the move.

Eagles created $5.407M in cap space in 2018 by converting $7.21M of TE Zach Ertz’s $8M base salary into a fully guaranteed roster bonus, per @FieldYates.Broncos created $12.375M in 2018 cap space by converting $16M of LB Von Miller’s $18.5M base salary into a signing bonus.

— Adam Schefter (@AdamSchefter) March 15, 2018

This morning, the Denver Broncos converted the lion’s share of Von Miller’s 2018 base salary into a signing bonus: $16M out of a total $18.5M. That decision frees up $12.375M of the 2018 salary cap.

Elway has clearly chosen to pursue a major free agent, but who? Possibilities might include defensive tackle Ndamukong Suh, defensive tackle Sheldon Richardson, and defensive back Tyrann Mathieu.

Updates to come as more details come out.

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