The Denver Broncos have been one of the most active teams in free agency this offseason. As soon as the legal tampering period started on Tuesday, the Broncos made multiple big splashes – ones that might catch the attention of Colorado sports betting customers.
The biggest was the addition of right tackle Mike McGlinchey, who signed a five-year deal worth up to $87.5 million. McGlinchey, who had been with the San Francisco 49ers, is widely viewed as one of the best right tackles in the league and is a dominant run blocker.
But McGlinchey wasn’t the only offensive lineman that the Broncos signed. Denver is +3500 with BetMGM Sportsbook Colorado to win the Super Bowl, which seems fair for a franchise that has missed the playoffs seven consecutive seasons. You can continue to track the Broncos playoff chances as they make more moves this offseason.
In the meantime, we’ll look back on some recent free agency acquisitions by the Broncos and weigh how the team did on them.
Broncos Free Agent Hits
Broncos Free Agent Misses
More Offensive Line Moves
On Monday, Denver agreed to a deal with offensive guard Ben Powers, formerly of the Baltimore Ravens. Powers is coming off the best year of his career and the Broncos rewarded him with a deal worth up to $52 million over four years. Powers was the top free-agent guard on the market and the Broncos locked him up right away as they continue to build better protection for veteran quarterback Russell Wilson.
The Broncos also added depth on offense, including veteran running back Samaje Perine. Starter Javonte Williams is coming off a torn ACL and there is a real chance that he won’t be ready to start the 2023 season. Perine could be Denver’s lead back or at least part of a committee early in the season. He is an excellent pass blocker and a reliable inside runner. Even when Williams returns, Perine should find a role in the offense.
Those moves seem to have caught the attention of oddsmakers. As of Friday morning at DraftKings Colorado Sportsbook Denver has +1300 odds, tied for fourth-best in the AFC, to represent the conference in Super Bowl 58.
Defensive Acquisitions For Broncos
But the Broncos didn’t ignore defense, and neither should Colorado sports betting apps users glancing at NFL futures. They added one of the most underrated interior defenders in the league, Zach Allen, during free agency. Allen received a monster contract of $47.75 million over three years, but he is one of the top run defenders in the NFL and can play multiple positions across the line. Allen is only 25 years old and improved in each of his four seasons with the Arizona Cardinals.
After making big splashes in free agency, the Broncos just need to add depth on defense. They could use another off-the-ball linebacker and this is certainly a buyer’s market. Expect them to add a veteran in the upcoming days, one who can play on all three downs and add some value in coverage.
What Denver Could Still Use
It also wouldn’t be a surprise if they added a veteran pass rusher this offseason. The Broncos traded Bradley Chubb during the 2022 season and Randy Gregory has had problems staying on the field. Adding a veteran like Robert Quinn or Dante Fowler on a one-year deal could certainly be an option for a team that already has an excellent defense.
Denver has +450 odds at Caesars Colorado Sportsbook to win the AFC West, something they have not done since they went on to win the Super Bowl in the 2015 season.
Without a doubt, the Broncos are better right now than they were a year ago. But is it enough to compete with the Chargers and Chiefs in the division?
That might depend on how the rest of the offseason goes for the Broncos.
In the meantime, find the best Colorado sportsbook promo codes right here at BetColorado.