After six seasons with the Denver Broncos, Britton Colquitt has been released, according to 9News’ Mike Klis.

Colquitt, the third highest paid punter in the NFL, was expected to count as $4 million against the cap this season, and the Broncos weren’t willing to cut the check. After asking him to take a pay cut, shopping him in trade talks, and getting nowhere, John Elway decided to go with the younger, cheaper option, Riley Dixon.

With the Broncos offense a major question mark, an experienced punter would seem to be a major positive. Apparently, though, saving a few million dollars was more important to the Broncos.

We’ll see how they spend it.