However, according to sources, the Broncos have since offered a substantial contract to the former Arizona State gunslinger. The contract would pay Osweiler around $10 million per year.
Unfortunately, the offer is considerably less than what Osweiler believes he can garner on the open market. League sources are confident Osweiler can command $16 million per year from other NFL suitors.
The Broncos don't think he's worth a salary that large, at this time. Despite what Osweiler's camp wants, and what we're hearing from sources, the Broncos are convinced he won't receive such high-dollar offers next week.
Elway has rolled the dice and has reportedly resigned the organization to letting Osweiler hit the open market on March 9th, which is just next Tuesday. $6 million is a gigantic gap — too much for the two camps to bridge at this time.
The Broncos will let the nature of the open market do their negotiating for them. If what Elway believes is true, Osweiler will soon realize the market isn't quite as bullish for his services as he thinks, which could drive him back toward the Broncos.
If Osweiler is right, and the market sustains offers close to $16 million per year, Elway will have to either pony up the money, or let him walk. With so many of Denver's free agent needs currently up in the air, it remains likely $16 million will be too rich for their blood.
With Peyton Manning's future still hanging in the balance, the Broncos future at quarterback is murky, at best.
Chad Jensen is the Publisher of Mile High Huddle. You can find him on Twitter @ChadNJensen.
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