Tim Patrick’s attempt at yet another comeback will happen in Denver.
The veteran wide receiver agreed to restructure the final year of his contract, multiple sources confirmed to The Denver Post, as part of a flurry of moves that took Denver from nearly $3 million over the 2024 cap to more than $18 million beneath it.
Patrick had a $9.5 million non-guaranteed base salary and a salary cap charge of $15.572 million for 2024, but those numbers will both come down.
Now he’ll make the veteran minimum of $1.125 million, sources confirmed, and he can make another $1.2 million in incentives and $170,000 in per-game roster bonuses. He had $6.072 million in prorated bonus from his November 2021 extension set to count against Denver’s cap regardless, but his cap number for 2024 dropped to $7.197 million, meaning Denver saved more than $8 million on its salary cap.