The Broncos, despite having numerous needs across the depth chart, haven't made one signing thus far. They've lost WR Eddie Royal, a pivotal special team return specialist, via free agency. The Broncos have yet to re-sign DT Brodrick Bunkley, who anchored the Denver defense in 2011.
Denver needs to make a seismic move, as players they should have targeted are already off the board. Cornerback Brandon Carr signed a five-year deal with the Dallas Cowboys and defensive tackle Paul Soliai re-signed with the Dolphins, another potential team that Manning might sign with.
The Broncos are lucky because they have loads of cap room, but they haven't taken advantage of it. The Tampa Bay Buccaneers took advantage of their cap room, as they inked two big deals—one with former Chargers WR Vincent Jackson and the other with OG Carl Nicks, formally of the New Orleans Saints.
Denver is quickly losing in free agency. Teams with cap space are spending and spending, but the Broncos are on the sideline watching franchises bolster their rosters.
While you are probably saying that the Broncos can fix up their squad via the draft, the Broncos have the typical number of picks at seven. Even though the Broncos yearn for youthfulness, Denver needs experience and depth.
The Broncos need a quarterback, running back, wide receiver, tight end, interior lineman, defensive tackle, middle linebacker, cornerback and safety. Even if Denver lands Peyton Manning, they still have many holes to fill.
Free agency is the perfect place to fix a team, but the Broncos are wasting a valuable opportunity.