Broncos’ Rise Highlights Bo Nix’s True Contract Value
Bo Nix is in his second year of a draft pick contract with the Denver Broncos. This contract structure allows the team to exercise cost control for the initial three years before he becomes eligible for an extension in the fourth year. This provides an opportunity for the Broncos to gain significant value from Nix, a recently drafted quarterback.
Assessment of Nix’s Performance and Contract Value
An essential part of understanding Nix’s value is comparing it to that of other quarterbacks across the league. To gauge his performance, the Over The Cap (OTC) valuation metric is utilized. This metric offers an estimate of a player’s worth relative to their contract, offering insights into whether a team is receiving value for their money.
As of now, the OTC valuation for Nix, after the first nine games of the season, stands at approximately $35.125 million. In contrast, his contract is valued at roughly $4.7 million per year.
Performance Comparison with Other Quarterbacks
To contextualize Nix’s performance, it’s beneficial to compare him with both veteran quarterbacks and those who were recently drafted. Below is a breakdown of some key players:
- Top Performers (APY salaries above $40M)
- Dak Prescott – $60M
- Josh Allen – $55M
- Jordan Love – $55M
- Trevor Lawrence – $55M
- Joe Burrow – $55M (missed most of the season due to injury)
- Good Performers (APY salaries around $53M)
- Jared Goff – $53M
- Brock Purdy – $53M
- Tua Tagovailoa – $53M
Nix currently appears to be providing substantial value but not yet reaching elite status. If his performance remains strong, he might command a salary close to $54M per year, slightly below the expected $55M for an elite quarterback.
Future Implications for Nix and the Broncos
Looking ahead, the Broncos will not need to consider an extension for Nix until 2027. However, the development of other quarterbacks, such as C.J. Stroud, Drake Maye, and J.J. McCarthy, may impact Nix’s potential contract negotiations. If these players demonstrate elite performance, they could set new benchmarks for quarterback extensions.
While the Broncos have shown a willingness to offer competitive contracts, they typically do not reset the market. Unless Nix showcases exceptional play—akin to an MVP-level season—his future contract may land him among the highest paid, yet not above the market peak.
The organization is gathering critical insights into what Nix’s future contract might entail. Ultimately, his on-field performance will dictate the scale of his future deal.
