Zero2Cool
13 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
wpr (13h) : It's all good.
beast (30-May) : Yeah, and I enjoyed your comments and just attempted to add to it. Sorry if I did it incorrectly.
wpr (30-May) : Beast I never said Henderson was the salt of the earth. Nor even that he was correct. Just quoting the guy.
Zero2Cool (29-May) : What did you do??
Zero2Cool (29-May) : Whoa
beast (29-May) : OMG the website is now all white, even some white on white text
beast (29-May) : Henderson, who admits to taking cocaine during the Super Bowl against the Steelers, might dislike Bradshaw as he lost two Superbowls to him
wpr (28-May) : Hollywood Henderson said Bradshaw “is so dumb, he couldn't spell 'cat' if you spotted him the C and an A.”
Mucky Tundra (28-May) : Cooper stock=BUY BUY BUY
Mucky Tundra (28-May) : Also notes he’s playing with more confidence.
Mucky Tundra (28-May) : @AndyHermanNFL MLF says there was a time last year where Cooper was at 220 pounds. Now he’s at 240 and still flying around.
Mucky Tundra (28-May) : And don't even get me started on Frank Caliendos "impersonations"
Mucky Tundra (28-May) : I got tired of them being circle jerks with them overlaughing at each others jokes.
Zero2Cool (28-May) : It used to be must watch TV for me. now it's "meh" maybe to hear injury update
Mucky Tundra (28-May) : I haven't watched the pregame shows in years and I don't feel like I've missed a thing
Zero2Cool (28-May) : Love says knee affected him all season, groin injury didn't help matters.
Zero2Cool (28-May) : I used to enjoy him on FOX Pregame. Now it's like a frat party of former Patriots.
Zero2Cool (28-May) : LaFleur on Watson: “Christian is doing outstanding. I would say he’s ahead of schedule.”
Martha Careful (28-May) : Bradshaw is a dumb ass cracker. I am so tired of his "aw shucks" diatribe. He should shrivel up and go away.
buckeyepackfan (28-May) : He wad all butt hurt because Aaron duped the media saying he was immunized.
buckeyepackfan (28-May) : Bradshaw needs to retire. He's been ripping on Rodgers ever since the covid crap. He was all hury
Zero2Cool (28-May) : Terry Bradshaw doesn't want Rodgers in Pittsburgh lol wow
Zero2Cool (27-May) : one day contract, which he also feels is pointless, but if Packers came to him, he would
packerfanoutwest (27-May) : Aaron Rodgers talks possibility of retiring with Packers, just another rumor
dfosterf (27-May) : Go watch 2001
Zero2Cool (26-May) : 1984
dfosterf (26-May) : That movie sent a chill through many. 1968.
dfosterf (26-May) : "Open the pod bay doors, HAL"
buckeyepackfan (25-May) : Haven't we all seen thus movie? It doesn't end well!! Lol
Zero2Cool (25-May) : lol Anthropic’s new AI model turns to blackmail when engineers try to take it offline
dfosterf (25-May) : Claude Opus 4
dfosterf (25-May) : AI system resorts to blackmail when its developers threaten to take it offline
beast (22-May) : Colts Owner Jim Irsay has passed away
Zero2Cool (21-May) : Well, emailing should work now. After not working for almost a year. Oops.
Zero2Cool (21-May) : Brotherly Shove did not get enough votes.
Zero2Cool (20-May) : lol our email hasn't worked in months. 7 pages of unverified users
Zero2Cool (20-May) : MySpace Screaming Lord Byron ... Brett Favre.
Zero2Cool (19-May) : Packers have signed first-round pick Matthew Golden, leaving second-round tackle Anthony Belton as their only unsigned draft pick
beast (19-May) : Supposedly he has to take his image, and name off of it... but otherwise could keep selling wine if he wanted to.
Zero2Cool (19-May) : he giving up his win business?
beast (19-May) : Speaking of Woodson, sounds like he'll be a minority owner (0.1%) of the Browns
Mucky Tundra (15-May) : Zero, regarding Woodson, that'd why I find the timing with Williams peculiar
dfosterf (15-May) : Ryan Hall y'all does a great job of tracking thesr
Zero2Cool (15-May) : Fear not!! I planned to do 33mi bike ride tomorrow morning, so ... yeah
Zero2Cool (15-May) : We got some dark clouds and nasty winds right bout now.
Zero2Cool (15-May) : Madison they had hail 4pm.
dfosterf (15-May) : Sure looks like these tornadoes are headed towards Green Bay
Zero2Cool (15-May) : Woodson of Charles fame was reluctant and then loved it. that didn't really come out until post career
Mucky Tundra (15-May) : IE "We bought into the Bears and they let us down, we have no choice to seek alternatives"
Mucky Tundra (15-May) : Or that Williams and his family are preparing an exit ramp if they don't like how things are going in a few years
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