Source: the Broncos have created $1.4M in cap space by reducing P Britton Colquitt's base salary from $3M to $1.6M for 2015.
New York Post "The father sat in the basement family room scattered with memorabilia from his decorated NFL career, including the two Super Bowl rings he won while punting for the Steelers in the 1970s, looked at his two young sons and had a sentimental moment. “These Super Bowl rings,’’ Craig Colquitt told..." February 01
Denver Post "First up in the Broncos' pursuit of free agents are Broncos. The team has notified the agents of restricted free agents Britton Colquitt, Chris Clark and Lance Ball that they will be tendered contracts Tuesday. Also, the team informed fullback Chris Gronkowski that he would not be tendered,..." March 07