Broncos still carry $1 million on the books for McGahee

The Broncos unwittingly picked up $2.5 million in cap space via an insurance-related rewriting of Peyton Manning’s contract.  The knowingly cleared another $2.5 million by cutting running back Willis McGahee. His base salary of that amount disappears immediately.  But he’ll still cost a total of $1 million over the next two years, based on his…