Denver Broncos Release Dre Bly

The Denver Broncos just released its fifth defensive starter in Dre Bly, who led the team with seven interceptions the past two seasons, including two interceptions in 2008. Many saw this move coming, and it was only a matter of time before the killer B's (Champ Bailey and Bly) were broken up.

The other defensive starters cut Monday were tackle Dewayne Robertson, end John Engelberger, outside linebacker Jamie Winborn and strong safety Marquand Manuel.

Bly was one of the better paid cornerbacks in the league, and was one of the better play makers. But the problem was that he only went for big plays, and when he missed the big plays, he was burned for a huge play, and Denver just does not need that.

Bly will be 32 in May. The veteran was scheduled to make a $3.25 million salary plus $400,000 in workout bonuses this year after making a combined $18.8 million the previous two seasons.

With the release of Bly, look for the Broncos to pick up a big name corner in the draft. Potential players include Ohio State's Malcolm Jenkins, Illinois' Vontae Davis or Vanderbilt's D.J Moore.

His spot could also be filled by free agent Detroit's Leigh Bodden, St. Louis' Ronald Bartell, Indianapolis' Kelvin Hayden, or Houston's Daunte Robinson.

They will have to pick up another big name corner back or letting Dre Bly go would have been pointless.

After this release, the Broncos have saved themselves some major cash—roughly $29 million in cap space. They have some of the biggest money to spend this offseason. Look for them to make some of those big moves in the draft and in free agency.

Denver has a lot of spending to do., and a lot of players to go after.

Side note: D.J. Williams agreed to alter his contract for the benefit of the team. He was due a $4.5 million bonus, but he and the organization decided to change that to a more team-friendly amount of $900,000.

With all this money saved, the Broncos have to be planning on overhauling the team this offseason.