The option would have counted for $11.064 million. As part of the old Collective Bargaining Agreement, it would have been only guaranteed for injury.
The Broncos have declined Garett Bolles' fifth-year contract option, source confirmed (1st by @MikeKlis). The option was worth $11.064M and guaranteed for injury only.
Bolles is under contract for 2020, the last year on his rookie deal, and has a guaranteed salary of ~$1.97M.— Nicki Jhabvala (@NickiJhabvala) May 1, 2020The decision to decline the option isn’t surprising. John Elway and the Broncos’ spent a lot of time interviewing and showing interest in prospective left tackles from this past 2020 NFL Draft class.