Broncos circumvented cap from 1996-98

NEW YORK -- The Denver Broncos have been fined $950,000 and
will lose their third-round pick in next year's NFL draft for
circumventing the salary cap between 1996-98.

The penalties were levied Thursday following an agreement
involving the league, its union and the team.

The violations included agreements between the team and several
players to defer salary payments with interest and an agreement not
to waive a player before a certain date. Both raised issues with
accounting for the salary cap.

In addition to the penalties against the team, the NFL said an
agent for a former player agreed to donate $100,000 to charity.
Neither the agent nor the player was identified.