The 2023 NFL salary cap has not been set yet. It’s projected to be 220 million based upon how much it has been increasing year over year. So let’s use that number. According to both Spotrac.com and overthecap.com the Denver Broncos have 59 players under contract for 2023, but only the 53 on the roster count so let’s use the top 53.
Currently adding up the cap hit of the 53 gets you to a value of $222,234,819, so that means that the Broncos are a couple of million over the projected cap before the expected cuts.