ESPN.com's +Adam Schefter first reported the story, with the 2 -year deal being worth an estimated $6 million dollars. The Broncos hinted that Phillips may have become expendable after they signed former Cowboys DE DeMarcus Ware to a 3-year, $30 million dollar deal.
Phillips recorded 35 tackles, 10 sacks, and 2 forced fumbles over the course of the regular season. Prior to his only season with Denver, Phillips spent nine seasons with the San Diego Chargers, recording 69.5 sacks and 473 combined tackles during his time in Southern California.
|Photo Courtesy: Denver Broncos (AP)|