Denver Broncos sign WR Michael Bandy

Michael Bandy's extension with Denver earns a B Contract Value Index (CVI), reflecting a smart, low-risk depth move that balances organizational flexibility with receiver retention during the Broncos' playoff window. At $1.085M AAV, this is replacement-level salary that keeps a developmental wideout on the roster without meaningful cap strain—ideal for a team sitting atop the AFC West at 14-3. Bandy occupies the classic backup-to-eventual-starter tier, where the Broncos can afford to be patient with his development while maintaining optionality if production doesn't materialize. The extension's modest total commitment means Denver retains full control over his future without the dead-cap risk that plagues oversized depth deals, allowing the front office to cut ties or renegotiate if circumstances change. For a preseason-phase transaction, this represents exactly the kind of prudent housekeeping a championship-contender should execute—locking in an affordable reserve before the regular season with zero structural burden. The CVI grade reflects the alignment between compensation, role, and organizational need rather than any projection of stardom.