The Denver Broncos have waived veteran cornerback Levi Wallace, coach Sean Payton announced Tuesday.

Wallace played in 13 games (two starts), allowing 15 catches for 223 yards, a touchdown and a passer rating of 111.3, according to NFL’s Next Gen Stats. The former Bills and Steelers defensive back last played in Week 13’s win over the Browns, when he gave up six catches for 151 yards and a touchdown while filling in for an injured Riley Moss.

The business side of the NFL can be ruthless and the Denver Broncos are no different. When it comes to putting the best 53-man roster together, sometimes one position has to pay for the needs of another.

Broncos cornerback Levi Wallace said he played the "worst" game of his NFL career on Dec. 2 against Cleveland. That resulted in him being benched for Sunday's game against Indianapolis.

Denver promoted running back Blake Watson from the practice squad to the active roster, the team announced Tuesday. The Broncos waived cornerback Levi Wallace in a corresponding move. Denver also designated running back Tyler Badie for return from injured reserve.

The Denver Broncos made a pair of roster moves on Christmas Eve. As the work week of preparation to face the Cincinnati Bengals began in earnest, the Broncos designated running back Tyler Badie to return off injured reserve and waived cornerback Levi Wallace,

The Denver Broncos made headlines this week by releasing veteran cornerback Levi Wallace after a tumultuous season. Wallace, a seasoned player with over $11 million in career earnings, joined the Broncos in the 2024 offseason on a one-year deal.

According to Mike Klis, the Broncos are cutting CB Levi Wallace today. The veteran had seen some playing time due to injuries this year but struggled on the field.