Report: Broncos cut veteran CB Drayton Florence

Mike Klis of the Denver Post reports that the Denver Broncos have surprisingly cut veteran cornerback Drayton Florence, whom they signed to a two-year, $4.5 million deal in May.

Klis surmises that second-year player Chris Harris beat out Florence, 31, for the team's nickelback position (behind starters Champ Bailey and Tracy Porter), and perhaps the Broncos felt that that kind of money was too pricey for a fourth CB.