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Rypien will become an unrestricted free agent after the Broncos informed him that he will not be tendered, Mike Klis of 9News Denver reports.
What it means:
Instead of potentially having to pay Rypien a $2.627 million dollar tender to make him a restricted free agent, Denver will let the quarterback hit the open market. The 26-year-old has operated at the second or third option at QB for the past few seasons and regardless of where he ends up, he'll be in a reserve position heading into the 2023 campaign.