Chargers paying a good chunk for the trade and then New Englamd picks up the remainder of it.
Gregory, 30, signed a five-year, $70 million contract in March 2022. His $14 million base salary this season and another $5 million next season are fully guaranteed, according to the Roster Management System.
The total hit of $22.4 million is the largest dead money cap hit for a defensive player in NFL history, according to Zach Segars of Let's Talk Broncos. Denver will have a net savings of $9.8 million worth of cap space in 2024, and Gregory won't be owed anything from the team in 2025.