What happened: Powers will take a lower base salary in exchange for increased guaranteed money. He signed his four-year contract with Denver in 2023 after four seasons with Baltimore.
Why it matters: The savings give Denver more flexibility to carry cap room into 2027 and plan around a potential Bo Nix extension. Alex Palczewski is expected to challenge Powers at left guard after signing a two-year extension.
By the numbers: Powers previously carried an $18.155 million 2026 cap charge. He has started 40 of 42 games for Denver, allowing nine sacks with three penalties, and returned in December after a torn biceps against Philadelphia sidelined him following Week 5.
What to watch: Veterans report for training camp next, with Powers and Palczewski set to compete at left guard.