Pelissero mentions that only $11.5 million of Talib’s contract includes is fully guaranteed. While the agreement also includes guaranteed base salaries of $5.5 million (2015) and $8.5 million (2016), they are only guaranteed for injury.
With this in mind, the Broncos could essentially walk away from this contract after the first year and take a $4 million cap hit in 2015. This, of course, is assuming that Talib does not suffer a career-ending injury, which would activate the future guarantees in years 2015 and 2016.
Mike Florio of Pro Football Talk reported earlier in the day that the Broncos offered Dominique Rodgers-Cromartie a similar contract, but he turned it down. This could be the reason why Rodgers-Cromartie elected to pass on the contract.
It’s still unlikely that the Broncos would cut Talib loose after one year in Denver, but it’s interesting to see how these deals are structured, rather than basing opinions off of the general figures.