With the salary cap increasing only minimally next season, several veterans have been handed their walking papers this week to allow teams to purge their salaries from the roster.
Players have been released in order for teams to get under the salary cap or to allow for greater flexibility to work with this off-season. However, Denver Broncos cornerback Champ Bailey is not going to be among those suddenly finding themselves on the street.
According to Mike Klis of the Denver Post, Bailey will be a member of the Broncos next season and will not be released.
Bailey is scheduled to make $10.5 million in 2013 with $9.5 million in base salary. Bailey started 15 games in 2012 and racked up 66 tackles with two interceptions on the year. Next season will be his 15th season in the NFL and 10th with the Broncos.