The Denver Broncos are releasing former All-Pro safety Justin Simmons after eight seasons with the team, opening up $14.5 million in cap space, according to Adam Schefter of ESPN.

The Broncos are going to be dealing with the massive dead cap hit of Russell Wilson this offseason, so it makes sense that the team is making this move with Justin Simmons to create more cap space.

So now Simmons will enter free agency and the Broncos will look to change the look of their team with the release of him and Russell Wilson this offseason.

The Broncos released a statement regarding the release of Simmons.

Now, Simmons joins a long list of safeties on the free agent market. Players like Jordan Poyer, Jamal Adams, Kevin Byard, Quandre Diggs, Rayshawn Jenkins and Eddie Jackson are all safeties who have recently been added to the market. Others like Xavier McKinney and Kamren Curl are scheduled to become free agents next week as well. It is a good time to need a safety, as there are plenty of options on the market this offseason.

It will be interesting to see what the Broncos do this offseason. They likely will have to replace Simmons, but the top priority remains finding a solution at quarterback after releasing Wilson.

Jarrett Stidham is the in-house option at the current moment. However, it would not be a surprise at all to see the Broncos make a move at the quarterback position in the first round of the NFL Draft if an opportunity presents itself, whether that be in a trade up or a player falling to their spot at 12.