cdumler7
Well-Known Member
its accurate:
Broncos Penalized Again for Salary Cap Violations (washingtonpost.com)
In December 2001, the Broncos were fined $968,000 and lost a third-round pick in the 2002 draft for violations reportedly relating to $29 million in deferred payments to quarterback John Elway and running back Terrell Davis.
On Thursday, the league announced that the Broncos have been fined $950,000 and will lose a third-round selection in next year's draft for circumventing the salary cap between 1996 and '98. The penalties were set in an agreement between the league, the Players Association and the Broncos and resolve a case against the team brought before the sport's special master by the NFL's Management Council in January 2003, the league announced.
I'm not saying they are innocent in the situation. What most people think actually happened is well just not true. They didn't actually try to get around the Cap. They still paid full cap money just like every other team in the league. The issue was they did not pay it on time. The owner was strapped for cash so some of the big bonus money was paid a few months later instead of at the time it was due.