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Here are Brett Maher’s contract details with the Broncos

When the Denver Broncos released kicker Brandon McManus earlier this month, the team saved $3.75 million in salary cap space. Had he not been released, McManus would have had the sixth-highest cap hit among kickers in the NFL this season.

Denver now has a kicker on a bargain contract set to compete to replace McManus this summer.

Before training camp started last week, the Broncos signed kicker Brett Maher to a one-year contract. That one-year deal includes a $1.08 million salary, a $52,000 signing bonus and a $100,500 roster bonus, according to OverTheCap.com. That will rank 25th among kickers this year.

Despite being paid more than $1 million this season, Maher’s salary cap hit will only be $940,000, according to the Denver Gazette‘s Chris Tomasson. Maher will have a lower cap hit than his salary thanks to the NFL’s Veteran Salary Benefit rule.

Maher will be competing with Elliott Fry for Denver’s kicker job at training camp.

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Story originally appeared on Broncos Wire