Denver, CO
NFL sets 2024 salary cap: What it means for Broncos
According to NFL Network’s Tom Pelissero, the NFL will be raising the 2024 salary cap to $255.4 million. This news is well-received for the Denver Broncos who must navigate a difficult salary cap situation over the next couple of seasons.
The NFL announced today that the 2024 Salary Cap will be $255.4 million per club, with an additional $74 million per club payment for player benefits, which includes Performance Based Pay and benefits for retired players.
— Tom Pelissero (@TomPelissero) February 23, 2024
The $30 million increase was quite unprecedented, but the NFL explained via Adam Schefter saying the “unprecedented $30 million increase per club in this year’s Salary Cap is the result of the full repayment of all amounts advanced by the clubs and deferred by the players during the Covid pandemic as well as an extraordinary increase in media revenue for the 2024 season.”
This record increase really helps the Denver Broncos out. Just days ago the estimate salary cap was more than $21 million in the hole, but with this unexpected jump they are now only $10.7 million over, according to OverTheCap.com. Though Spotrac is reporting that Denver is $13 million over. Not sure which site has the right numbers here. I dug into each and found they have different cap hits for a few various back end players, so I could not verify which site had the correct data. So we’ll just say its somewhere between $10.7 and $13 million over the cap for Denver right now.
Ironically, this doesn’t impact the pending departure of Russell Wilson. The dead cap hit with a post-June 1st designation is the same either way. What it does do for Denver is it gives them options to keep some of their veteran guys. Add in a few contract sorcery and they’re just fine for 2024. If anything, they might be able to be a bit more active in the second wave of free agency than we initially thought.
Another thing of note is that cornerback Patrick Surtain II’s 2025 fifth-year option value is now locked in at $19.802 million. We should expect the Broncos to be picking that option up either way.
Running through OverTheCap’s calculator, my expected veteran releases will remain with D.J. Jones and Tim Patrick being the two main cap casualties this cycle. That would bring the Broncos to $8.7 million under the cap. Then they could do some contract work with their recent free agent signings to free up even more. Add in an extension for Garett Bolles or Justin Simmons and Denver would be sitting pretty for this season.
Overall, this unexpected salary cap increase is great news for Sean Payton and the Denver Broncos. The roster needs a lot of work and having that wiggle room to get out from under some bad contracts (cough, Wilson, cough) will be absolutely vital for this franchise to get back onto competitive footing.
Denver, CO
Denver Nuggets 7-Year NBA Veteran Gets Honest On Peyton Watson
Denver, CO
New ice cream shop with a ‘waffle theater’ bets big on downtown Denver
For most food manufacturers, it makes more financial sense to bake, brew, cook or create their product somewhere where the square footage is a little less expensive, like a business park, and to sell it where the rent – and the foot traffic – is higher.
Kent Beidel, who owns a string of mountain-town ice cream parlors called Sundae, did the opposite when he opened his newest and, by far, his biggest location in downtown Denver.
“We wanted to be right in front of people and hear them say, ‘Oh my god, they make the ice cream right here,’” he explained. “It’s backward … it’s hard. But it’s unique, and it’s really cool.”
Sundae opened in early June in a 5,100-square-foot space that includes a retail shop, a waffle cone-making “theater” where people can watch the staff turn out fresh cones, a pint-mixing classroom and a commercial kitchen – visible to customers on three sides through glass windows – that could one day supply multiple stores around Denver.
Beidel is betting those attributes will help the business stand apart from the competition in Denver, where there are already several big names making and selling scoops in multiple locations.
But that’s not the only gamble he took. Sundae is located on Sixteenth Street, the 44-year-old pedestrian mall that has become both a symbol of the city’s urban decay since the pandemic and a beacon of hope for its future after a $175 million renovation.
“Sixteenth Street is interesting,” said Beidel, who has watched it change over the past year since he first signed his lease at 1600 Glenarm Place. “It’s coming back. It still has a way to go, but we are seeing momentum start to build. Even in the last month, the foot traffic and the feeling downtown has perked up. … We are getting great feedback.”
To help, the Denver Downtown Development Authority — as part of a much larger business incentive plan — loaned Sundae $750,000. “It’s a loan,” he said. “We have to pay it back. … But we couldn’t have done this location without that support.”
Beidel has been in the food business for 22 years. Before ice cream, he was the founder of Loaded Joe’s, a restaurant and coffee shop staple in Vail. But in 2016, he sold Loaded Joe’s and took over two former Marble Slab Creamery locations in Vail and Edwards, rebranding them as Sundae. In 2020, he opened a third shop in Glenwood Springs.
“That was our first chance to build from scratch and decide what it should look like,” he explained, adding that Glenwood, which includes a kitchen, eventually began making ice cream for Sundae’s next two locations in Basalt and Snowmass.
To make the ice cream, Beidel said he employs five pastry chefs to create recipes. So, rather than using cheesecake flavoring, for instance, for cheesecake ice cream, Sundae uses all the same ingredients you would use to make real cheesecake.
The cheesecake, by the way, is among Beidel’s favorite flavors, but Salted Cookies & Cream and Caramelized Banana are two of the most popular with customers. Classic chocolate, vanilla, and strawberry are also top sellers – “and always will be,” he added.
Next month, Beidel hopes to open the classroom, where people can learn how to make ice cream and then whip up some of their own flavors to take home. And down the road, he plans to open more locations.
But in the meantime, he’s focused on downtown. “Let’s say Denver does really become vibrant again. We have a great product and a great following in the mountains. So, it’s just a matter of time down here.”
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Denver, CO
Denver Country Club caddie earns full-ride Evans Scholarship, becomes first in family to attend college
DENVER — What started as a summer job has turned into a life-changing opportunity for Denver-area student Vanessa Olivar.
The 18-year-old Denver Country Club caddie has earned the prestigious Evans Scholarship, a full tuition and housing scholarship awarded by the Western Golf Association to caddies who demonstrate strong character, academic achievement, financial need and a strong caddie record.
Watch Bradey King’s story on how Olivar persevered to nab this scholarship in the video below.
Denver Country Club caddie earns full-ride Evans Scholarship
Olivar is one of 15 students from Colorado to receive the scholarship this year and will attend the University of Colorado Boulder this fall.
When she first heard about caddying through her high school’s assistant principal, Olivar said she wasn’t sure it was the right fit.
“I didn’t know anything about the game of golf,” she said. “At first, I was a little doubtful and nervous, but I thought it would be a great summer job. I quickly found out that it was more than just carrying a golfer’s bag.”
Over the past three years, Olivar learned the responsibilities that come with the job, from carrying clubs and providing yardages to building relationships with members and fellow caddies.
“I learned a strong work ethic, and the relationships that I built through caddying have really shaped who I am today,” she said.
Her dedication paid off when she received the news that she had earned the Evans Scholarship.
“I got that flag saying, ‘Congratulations,’ and I was so excited,” Olivar said. “Words couldn’t express how excited my family and I were for this great opportunity that I worked so hard for over three years.”
The scholarship carries even greater significance because Olivar will become the first person in her family to attend college.
“I’m a first-generation college student,” she said. “Coming from immigrant parents, I kind of had to navigate this world by myself.”
Her parents immigrated to the United States when they were 18, and Olivar said their sacrifices inspired her to pursue higher education.
“Being able to tell my parents they don’t have to pay for my college takes that weight off their shoulders, but also mine,” she said.
Western Golf Association officials say Olivar exemplifies the qualities the Evans Scholarship is designed to recognize.
“The scholarship is based upon four principles: Their caddie record, their academic record, their financial need, but really what’s most important is their character,” said Brian Wilkinson, the Western Golf Association Director at Denver Country Club. “Vanessa expresses the great character and leadership that we’re looking for in young women and men.”
At CU Boulder, Olivar plans to major in public health with a minor in business before pursuing dental school.
She said the opportunity has changed the trajectory of her future.
“I knew I wanted to go to college, and I wanted to have a further education,” Olivar said. “I just didn’t know how I was going to do that. I didn’t know caddying was eventually going to change that for me. It’s a scholarship that has changed my life forever.
Denver7
Denver7 | Your Voice: Get in touch with Bradey King
Denver7’s Bradey King reports on the entire sports landscape in Colorado, including Denver’s pro teams, but is always looking for stories off the field and in the non-professional ranks. If you’d like to get in touch with Bradey, fill out the form below to send her an email.
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