Reynolds signed a two-year, $9 million deal this spring that came with a $2 million signing bonus and $4.25 million in total guarantees. Waiving him will clear $4.5 million in space on the Broncos’ 2025 salary cap and leave a $1 million dead cap charge for 2025.

The Denver Broncos waived veteran wide receiver Josh Reynolds on Tuesday. Reynolds hadn't played since Oct. 6, landing on injured reserve following Week 5. He had practiced over the past three weeks but was coming to the end of his 21-day practice window.

Several of the Broncos receivers other than Reynolds on the roster have been showing major improvement, and Reynolds became the odd man out. It was a disappointing end for a playe