Aug. 30, 2012; Glendale, AZ, USA; Denver Broncos quarterback Caleb Hanie (16) throws during the first half against the Arizona Cardinals at University of Phoenix Stadium. Mandatory Credit: Matt Kartozian-US PRESSWIRE
The Broncos avoided having to pay Hanie what he was owed but may still try to find a way to keep him around.
Hanie was released so his $1 million base salary would not be guaranteed and the Broncos avoided paying him a $250,000 bonus for making the active game day roster, according to Mike Klis of The Denver Post. Klis also says that Hanie could be re-signed by the Broncos on Tuesday.
Hanie has only played in 10 games over the course of his five-year career with a career-high six games coming last season with the Chicago Bears. He threw three touchdowns to nine interceptions while only completing 50 percent of his passes in those six games.
Defensive tackle Sealver Siliga was promoted from the practice squad to take Hanie's spot.
For more on Hanie and the Broncos, visit Mile High Report and the SB Nation NFL hub.