1. CB Damarri Mathis: He's talented enough to serve as a No. 5 cornerback, but the Broncos are packed at cornerback and the team would save $3.4 million if Mathis is cut. Trading him for a late-round pick could be a best-case scenario.

The Broncos have a very complete roster and will hope to get many of the players they cut through the waiver process so they can bring them back onto the practice squad. Players are available to be claimed by any one of the other 31 teams after being waived for 24 hours.