Zero2Cool
12 years ago

September 18, 2004
ENGLEWOOD - The NFL said Thursday it fined the Denver Broncos $950,000 and took away the team’s third-round draft pick in 2005 for circumventing the salary cap between 1996-98.

The salary-cap violations included undisclosed agreements with several players to defer salary payments with interest, and a commitment by the Broncos in 1997 not to waive a player before a certain date. The players involved in the violations were not named.

The league’s management council, the Broncos and the NFL Players Association agreed to the resolution.

"While I regret that the circumstances took place, it is important to note that there was no competitive advantage gained by our organization, nor was there any involvement or responsibility by anyone who is currently with the Broncos in any capacity," owner Pat Bowlen said in a statement. "We accept our penalty, will pay our fine as directed, and from this point on put the issue behind us."

Coach Mike Shanahan has had responsibilty for player personnel decisions since he joined the Broncos in 1995.

Dave Blando, who is now in the Minnesota Vikings’ front office, was Denver’s salary cap director from 1997 to 2001. Harold Richardson managed the Broncos salary cap before Blando. Blando did not return a message left in his office late Thursday, and Richardson, who resigned as the Atlanta Falcons general manager in 2002, could not be reached for comment.

Broncos spokesman Jim Saccomano said Shanahan did not have a comment on the penalties.

In addition to the penalties, an unnamed agent of a former Broncos player also agreed to pay $100,000 to charity.

Harold Henderson, the NFL’s executive vice president of labor relations and the chairman of the league’s management council, said in a statement that the agreement in 1997 not to waive the unnamed player by a certain date effectively meant the player’s roster bonus was guaranteed, which affected the timing of the salary-cap hit for that bonus.

According to the NFL’s statement, part of the reason the Broncos needed to make the deferred salary arrangements was because of the team’s payments to build Invesco Field at Mile High, which opened in 2001.

"These agreements were plainly designed to help the club cope with seasonal cash flow problems exacerbated by the Broncos’ need to fund front-end expenditures associated with development of the new stadium in Denver," Henderson said.

In 2001, the Broncos were penalized a third-round pick in the 2002 NFL draft and had to pay a $305,000 fine and $663,000 in interest after a late payment to the league’s deferred compensation fund. That penalty involved deferred salary payments to quarterback John Elway and running back Terrell Davis.

The Broncos were not penalized for salary-cap violations at that time.

During a trial in February involving Bowlen and former Broncos owner Edgar F. Kaiser Jr., Elway testified he was owed between $14 million and $15 million of deferred salary when he retired after the 1998 season. Bowlen and Elway signed an agreement on Sept. 23, 1998, that offered Elway part ownership of the Broncos for $15 million, and Elway’s deferred salary was to be put toward the purchase.

The agreement was never exercised.

FRANK SCHWAB  wrote:


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Fan Shout
Zero2Cool (3h) : Patriots / Panthers feeling is what I got. didn't watch that one either
Zero2Cool (3h) : Easier to get a camera on her in the suite where she can't impact the game by being distraction???
TheKanataThrilla (3h) : This is the least excited I have been in a long time for a Super Bowl. Unfortunately they both can't lose.
wpr (3h) : So why don;'t they have her on the sidelines and doing the halftime fandango instead of sitting on her but in a $1,000,000 suite?
Zero2Cool (4h) : Think more eyes on Super Bowl with Swift fans pulling for her TE boyfriend?
Zero2Cool (4h) : She dating the TE of the Chiefs.
Zero2Cool (4h) : Taylor Swift has millions of fans, yeah?
Zero2Cool (4h) : They did. They are going to show the post production Sunday with plethora of ads.
wpr (16h) : I thought KC already won
Zero2Cool (4-Feb) : If you wanna post about the Super Bowl, please, by all means, open a topic. They are free this month! 😁
Zero2Cool (4-Feb) : There doesn't need to be a topic. There's a playoff prediction thread.
packerfanoutwest (4-Feb) : and there no SB contest over in the other Packer forum, either
buckeyepackfan (4-Feb) : #2Officially Retires!
beast (4-Feb) : Probably no SB topic as people are wore out talking about the Chiefs, Refs and Eagles
Zero2Cool (4-Feb) : Packers reportedly have their new LB coach, promoting Sean Duggan to that role
Zero2Cool (4-Feb) : WR Cooper Kupp is being traded.
packerfanoutwest (4-Feb) : why is there no SB Prediction topic?
Zero2Cool (3-Feb) : Anthony Perkins spent 2024 as a defensive quality-control coach with the Packers.
Zero2Cool (3-Feb) : Packers lose another assistant.
Zero2Cool (3-Feb) : Defensive Player of the Year and Browns star Myles Garrett has requested a trade.
Zero2Cool (3-Feb) : deleted all my browser history and autofill and passwords. gonna be fun!
packerfanoutwest (3-Feb) : too funny
packerfanoutwest (3-Feb) : Lions QB Jared Goff was the offensive MVP
packerfanoutwest (3-Feb) : for the Pro Bowl, which is flag football
Zero2Cool (2-Feb) : Rather, the murder WAS covered up to prevent ...
Zero2Cool (2-Feb) : JFK murder was a cover-up to prevent war with Cuba/Russia.
Martha Careful (1-Feb) : I have always admired the pluck of the man
Zero2Cool (1-Feb) : I remember thinking he was going to be something good.
Mucky Tundra (1-Feb) : The Dualing Banjo!
Zero2Cool (31-Jan) : Jets have named Chris Banjo as their special teams coordinator, Former Packers player
Zero2Cool (31-Jan) : Jaguars have hired Anthony Campanile as their DC. We lose coach
Zero2Cool (30-Jan) : QB coach Sean Mannion
Zero2Cool (30-Jan) : DL Coach DeMarcus Covington
dfosterf (30-Jan) : from ft Belvoir, Quantico and points south. Somber reminder of this tragedy at Reagan Nat Airport
dfosterf (30-Jan) : So eerily quiet here in Alexandria. I live in the flight path of commercial craft coming from the south and west, plus the military craft
dfosterf (30-Jan) : So eeri
Mucky Tundra (30-Jan) : Now that's a thought, maybe they're looking at the college ranks? Maybe not head coaches but DC/assistant DCs with league experience?
beast (30-Jan) : College Coaches wouldn't want that publicly, as it would hurt recruiting and they might not get the job.
beast (30-Jan) : I thought they were supposed to publicly announce them, at least the NFL ones. Hafley was from college, so I believe different rules.
Mucky Tundra (30-Jan) : Who knows who they're interviewing? I mean, nobody knew about Hafley and then out of nowhere he was hired
beast (30-Jan) : I wonder what's taking so long with hiring a DL coach, 2 of the 3 known to interview have already been hired elsewhere.
Zero2Cool (27-Jan) : Packers coach Matt LaFleur hires Luke Getsy as senior assistant, extends Rich Bisaccia's deal
Zero2Cool (27-Jan) : Chiefs again huh? I guess another Super Bowl I'll be finding something else to do.
Mucky Tundra (27-Jan) : Chiefs Eagles...again...sigh
dfosterf (27-Jan) : Happy Birthday Dave!
Mucky Tundra (27-Jan) : happy birthday dhazer
TheKanataThrilla (26-Jan) : Exactly buck...Washington came up with the ball. It is just a shitty coincidence one week later
buckeyepackfan (26-Jan) : I forgot, they corrected the call a week later. Lol btw HAPPY BIRTHDAY dhazer!
buckeyepackfan (26-Jan) : That brings up the question, why wasn't Nixon down by contact? I think that was the point Kanata was making.
buckeyepackfan (26-Jan) : Turnovers rule, win the turnover battle, win the game.
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