Details Emerge on Broncos' Deal With P Riley Dixon

It's time to break down Riley Dixon's new contract with the Denver Broncos.

The Denver Broncos have been more active in free agency than in some time, having made multiple moves early in the 'legal tampering' period.

I'm going to examine the contract breakdown for each player as the details are revealed. Today, let's look at the contract for Riley Dixon, who returned to the Broncos to handle the punting duties.

Contract Details

Summary: Two years, $3.5M, $1M fully guaranteed.

Breakdown

• 2023: $600K signing bonus (fully guaranteed), $1.165M base salary ($400K fully guaranteed).
• 2024: $1.735M base salary.

Cap Charges: $1.465M in 2023, $2.035M in 2024

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Gut Reaction

This is a favorable contract for the Broncos because they didn't fully guarantee every dollar in the first year of the deal. Theoretically, the Broncos could still get out of the deal if Dixon doesn't perform well in training camp.

That's why, even with the decision to rescind the exclusive free rights tender for Corliss Waitman, it's possible the Broncos bring in a rookie punter to compete for the job.

If Denver doesn't bring in another punter, Dixon's remaining base salary would become fully guaranteed under the vested veteran rule. But the Broncos could still move on in 2024 with little dead money.

Overall, this is a very good contract from the Broncos' perspective, one that doesn't even put Dixon in the top 15 among veteran punters, in terms of APY salary.

Contract Grade: A-

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