Greg Penner – The Denver Post Colorado breaking news, sports, business, weather, entertainment. Wed, 15 Apr 2026 13:20:14 +0000 en-US hourly 30 https://wordpress.org/?v=6.9.4 /wp-content/uploads/2016/05/cropped-DP_bug_denverpost.jpg?w=32 Greg Penner – The Denver Post 32 32 111738712 Keeler: Broncos owners made Russell Wilson go away. It’s time they make Kris Bryant go away, too. /2026/04/15/kris-bryant-contract-rockies-broncos-russell-wilson/ Wed, 15 Apr 2026 12:00:05 +0000 /?p=7483406 The Broncos made their Russell Wilson go away. Now the Penner Sports Group can help Dick Monfort lay his worst-ever signing to Russ.

Kris Bryant’s last at-bat in Rockies pinstripes happened a year ago this past Sunday. April 12, 2025. Haven’t seen him since.

“Hey, look, I get it — baseball is a business,” Bryant’s father Mike told me during a short conversation last spring. “They want (Kris) hitting 40 home runs and hitting .300 … you got your Todd Heltons for that, and you’ve got your other guys. Kris is happy. When it’s all said and done, (Denver fans are) going to look back on Kris favorably.”

As a person? Without a doubt.

As a contract? As an investment? No chance.

Which is where the Broncos enter the picture, riding to the rescue on The Penner Sports Group, fronted by Broncos owners Carrie Walton Penner and husband Greg Penner, now possesses a 40% stake in the Rockies. As reported by The Post’s Patrick Saunders last Friday, the Walton-Penners are the largest minority investors for Colorado’s Major League Baseball team, topped only by the Monfort family, who retain team control.

The Broncos needed leadership and money to get out of the darkness and back into the AFC Championship Game. The Rockies need … well, everything. But more money and better leadership would be two welcome steps in the right direction.

Because, lest we forget, the Broncos had to bottom out before starting their three-year climb. The Penners and Waltons went all-in on Russell Wilson. They got a 5-12 train wreck in 2022 to show for it, all while fans counted down the play clock. At home.

Sean Payton wanted to wash his hands of Russ, who was clearly toast. So the Broncos ate $85 million in dead cap money over the ’24 and ’25 seasons for cutting Wilson, the kind of hit that’s supposed to punish a franchise for its free-spending folly.

Only a funny thing happened: The Broncos got better. Much, much, much better. And fast. Bo Nix hit. Nik Bonitto hit. Jonathon Cooper hit. Quinn Meinerz hit. Brandon Jones hit. Talanoa Hufanga hit anything within six feet of him. A lot of shrewd drafting, a pinch of smart free-agent signings and good coaching hoisted the Broncos from outhouse to penthouse.

The road is longer for the Rockies, who’ve lost 100 or more games for three straight seasons and will flirt with a fourth. The NFL is designed for parity, competitive socialism at its finest. Major League Baseball is the last of the major North American sports leagues without a salary cap.

But the Broncos couldn’t move forward until they chucked Wilson’s contract overboard and let Payton build a roster in his image.

And any hope for a new dawn in LoDo, any tailwind that pushes the Rockies forward, starts with getting Bryant’s seven-year, $182-million contract off the stinkin’ books. And as quickly as possible.

Not his fault, mind you. Nice guy. Amazing dude. Bryant’s spirit, like his smile, was always willing. His body, alas, had other ideas.

Since signing with the Rockies in March 2022, KB23 has played in only 170 games over the first four years of his deal. In what’s amounted to basically a full season of stats over the last 48 months, KB’s Colorado line to date is 632 at-bats, 29 doubles, 17 home runs, 61 RBI, a .244 batting average and a .695 OPS.

Denver Broncos owners Greg Penner, Carrie Walton Penner and general manager George Paton before the game against the Tennessee Titans at Empower Field at Mile High on Sunday, Sept. 7, 2025. (Photo by AAron Ontiveroz/The Denver Post)
Denver Broncos owners Greg Penner, Carrie Walton Penner and general manager George Paton before the game against the Tennessee Titans at Empower Field at Mile High on Sunday, Sept. 7, 2025. (Photo by AAron Ontiveroz/The Denver Post)

In other words, for $26 million per season, the Rockies have gotten 42 games a year of (.244 career batting average, .695 career OPS) in the middle of the order.

The surface takeaway from the Walton-Penner family’s investment was that all that sweet Walmart dough would wipe away debt. Most MLB clubs lost some serious change with the collapse of regional sports networks — the Rox reportedly collected at least $57 million from AT&T SportsNet in 2023, the last season of their old TV contract.

Given inflation, the U.S. Bureau of Labor Statistics says that $57 million in March 2023 would’ve been worth $58.98 million in March 2024, $60.39 million in March 2025; and $62.4 million in March 2026.

That’s an estimated $181.7 million shortfall for the Monforts, even before factoring in returns from the direct-to-consumer/subscriber model. You need cash to patch the wound and stop the bleeding.

The other purple elephant in the Monforts’ room, of course, is Bryant, a deal that’s aging the way

A bad idea at the time looks even worse now. Counting this season’s salary, the Rox still owe Bryant, now 34, another $81 million through the end of the 2028 season.

Word leaked that Bryant was signing with Colorado the same day that Wilson was introduced as the new QB savior of the Broncos in Dove Valley — March 16, 2022, a date that will forever live in Front Range infamy.

The Waltons and Penners quickly saw the error of their ways, although it helped that NFL contracts aren’t guaranteed beyond the signing bonus. MLB deals are. Bryant is repped by Scott Boras, and baseball divorces aren’t cheap. An injury settlement feels like the most logical path at this point. Which is why it’s also not hard to picture the Monforts asking Walton-Penner and her husband if they’d like to chip in to help the Rockies get past their version of the Wilson deal.

“It’s just been very frustrating (here),” the elder Bryant told me. “We came in with high expectations for him to really enjoy himself and it was killing him (to not play). Then to listen to the B.S. that goes along, people running their mouths about how he wasn’t worth the contract …

“It’s not like he was trying to play at 80% (health). He was trying to play at 50%. You can’t do that in this game. There’s just too many good pitchers. It’s a brutal game.”

With brutal realities. If the Broncos can make two of the worst deals in Denver sports history go away, that would be almost as impressive as sticking a fork in the Chiefs’ AFC West dynasty.

 

 

 

 

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7483406 2026-04-15T06:00:05+00:00 2026-04-15T07:20:14+00:00
Will Broncos ownership group gain controlling interest of Rockies? | Journal /2026/04/12/broncos-ownership-controlling-interest-rockies-journal/ Sun, 12 Apr 2026 12:00:43 +0000 /?p=7481489 The shock waves from the Broncos-Rockies marriage are still reverberating around Colorado. So are numerous questions.

So let’s get to a few of them:

• Will Broncos owners Greg and Carrie Walton Penner, the husband and wife team that form the Penner Sports Group, eventually become the controlling owners of the Rockies?

Such a deal is not imminent, but it wouldn’t shock me if it eventually happens. I’ve had a source close to the situation tell me there is no timetable for that to occur, but the source also told me it could very well happen down the line.

• Did Paul DePodesta, the Rockies’ new president of baseball operations, know about the deal when he left the Cleveland Browns to join the Rockies in November? Was he aware that the Penners were planning on buying a 40% ownership stake in the Rockies?

I’m told that DePodesta did not know that a deal was coming, meaning that his oft-quoted statement, “I’m a sucker for a challenge,” still rings true.

• Will Dick Monfort’s role as the owner of the Rockies change?

Colorado Rockies President Walker Monfort welcomes media members to the York Space Systems Suite Level on Thursday, April 2, 2026, at Coors Field in Denver. (Photo by Timothy Hurst/The Denver Post)
Colorado Rockies President Walker Monfort welcomes media members to the York Space Systems Suite Level on Thursday, April 2, 2026, at Coors Field in Denver. (Photo by Timothy Hurst/The Denver Post)

The short answer is no. He already backed away from his day-to-day involvement in the team when Walker Monfort, his oldest son, became team president. As Walker Monfort told me shortly before the season opened, “I’m more responsible for day-to-day than I have ever been, but I would say my dad is still the ultimate shot-caller, so to speak.”

• Will the Penners reduce their involvement with the Broncos and become hands-on owners at 20th and Blake?

Nope. As Denver Post Broncos beat writer Parker Gabriel put it: “The Penners are not going anywhere with the Broncos and the NFL. They will not have day-to-day roles with the Rockies, sources told The Post, and they are plenty busy with football.”

• The infusion of an estimated $672 million from the Penner Sports Group allows the Rockies to retire all of their outstanding debt. That provides additional capital that, theoretically, could be spent to increase player payroll. So, will the Rockies go on a spending spree this season? Or in the 2026-27 offseason?

That’s highly doubtful, for a couple of reasons. First, the team is still on the bottom floor of its rebuild and still assessing its talent level.

Second, even though the Rockies are playing better baseball than they did last season (how could they not?), it wouldn’t surprise me if the Rockies flirt with another 100-loss season. Spending big bucks now doesn’t make sense.

Third, and most important, it’s highly likely that Major League Baseball owners will shut down business with a lockout when the current collective bargaining expires in December. That’s going to complicate things and cool down any hot stove action.

• Will Dick Monfort abandon his quest for a salary cap and a more equitable financial landscape across MLB?

That’s a tongue-in-cheek question. I raise it because the Twittersphere has been filled with smart-aleck fans tweeting that the “suddenly wealthy” Rockies can now compete with the big boys. That’s not the case.

Plus, Monfort has a close relationship with baseball commissioner Rob Manfred and plans to be heavily involved in labor negotiations between MLB and the MLBPA. Monfort believes that baseball’s economic system is broken, and he wants to help fix it.

• The Dodgers, Yankees and Cubs all have their own lucrative television networks. Could the Rockies, eventually, do something similar?

This is pure speculation on my part, but it wouldn’t surprise me if, somewhere down the line, that happens, especially if the Penner Sports Group ever gains controlling interest in the Rockies.

• How can Broncos ownership invest in the Rockies when they already have a stake in the Arizona Diamondbacks?

This was also out in the Twittersphere. Here’s the deal: Last month, part of the Walton-Penner Family Ownership Group that owns the Broncos, also has a 10% share of the D-backs. However, Greg and Carrie Walton Penner do not have a stake in the D-backs, thus allowing them to buy into the Rockies.

• Will the new ownership dynamic allow the Rockies to find a resolution to Kris Bryant’s contract situation?

It certainly appears that Bryant will never play baseball again because of lumbar degenerative disc disease. But, counting this season, he’s still owed $81 million through the 2028 season. One way or another, Bryant will get his guaranteed money. Can the Rockies work out a deal where Bryant would defer some of those millions of dollars? It’s possible, but I don’t think the infusion of the Penner’s money changes anything.

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7481489 2026-04-12T06:00:43+00:00 2026-04-11T15:44:36+00:00
Rockies deal won’t slow NFL rise of Broncos owners Greg Penner and Carrie Walton Penner | Journal /2026/04/11/broncos-ownership-greg-carrie-walton-penner-rockies-stake/ Sat, 11 Apr 2026 12:00:35 +0000 /?p=7480832 In a league driven by parity, NFL teams can convince themselves that they’re never far from being back in the conversation.

Every year, there are playoff teams that fall and bottom dwellers that make a surprising run to the postseason.

Sometimes the malaise lasts — it did in Denver for nearly a decade after winning Super Bowl 50. Sometimes it doesn’t — would it surprise anybody if Kansas City and three-time Super Bowl champion Patrick Mahomes were back in contention this fall?

Even in a sport where the wide-open on-field product is a feature rather than a bug, there are still power players and power centers.

As the NFL spring owners meetings in Phoenix wrapped up a couple of weeks ago with black SUVs idling to whisk multimillionaires and billionaires from the Arizona Biltmore to waiting jets, the Broncos had provided plenty of material to fill reporters’ notebooks.

On the field, Sean Payton and George Paton discussed the acquisition of Jaylen Waddle, the decision to move Jonah Elliss to inside linebacker, the upcoming draft and more.

Away from it, owner and apEO Greg Penner and president Damani Leech turned up the pressure on the club’s Burnham Yard stadium project, talked about their new, $175 million team headquarters nearing completion, the impact of hosting an AFC Championship Game and coming within four points of the Super Bowl and more.

Tangible stuff. Quite a bit of it.

Less obvious in some ways but just as palpable: The reality that, as they approach five years owning the Broncos, Greg Penner and Carrie Walton Penner are a growing power center in the NFL. Their stature is growing similarly in Denver and the state of Colorado, too.

Those points were driven home further on Friday when the couple, through their family entity Penner Sports Group, finalized the purchase of a 40% stake in the Colorado Rockies.

The Penners are not going anywhere with the Broncos and the NFL. They will not have day-to-day roles with the Rockies, sources told The Post, and they are plenty busy with football.

Not only are they waist-deep in the myriad, complex processes and business dealings that come with trying to build a new stadium and entertainment district — a project that, if everything progresses roughly along the team’s preferred timeline, will last another five-plus years — but they are set to move into their new HQ in June. They’ll be in the team’s draft room all three days, as they always are, later this month. They are overseeing projects like the team’s $8 million “All In. All Covered.” high school helmet program and other community initiatives. They’ll likely work out a contract extension with general manager George Paton in the coming months. On and on and on.

Thatap just the team. Between the pair, they also now serve on seven NFL ownership committees.

Carrie Walton-Penner: Health and safety, diversity and the NFL foundation.

Greg Penner: The powerful labor committee, compensation, ownership policy and finance.

Those committee assignments put Penner in the middle of the league figuring out whether and now how to invite private equity money into team ownership groups, determining compensation for commissioner Roger Goodell and, in the coming months and years, negotiating first with the NFL Referees Association on a new collective bargaining agreement and then with the NFL Players Association on the same. The biggest story at this year’s league meetings was about whether replacement referees will be needed this fall. As soon as next year, conversations about extending the NFL season to 18 games, growing the international slate, negotiations about player revenue shares and more will likely dominate the conversation.

Essentially, the Penners are in some way, shape or form involved in virtually every core issue the league will tackle in the short and intermediate future and probably the longer-range future as well.

Friday’s announcement about the Rockies stake changes nothing. It remains to be seen just how much their investment in Dick Monfortap team will be felt or seen immediately, though it very clearly puts the club in a much better cash position than it previously was.

It remains to be seen, too, to what degree the Rockies become part of the Penners’ overall influence and impact on Denver and Colorado sports. Perhaps it will be in the background for years and decades to come. Perhaps not.

What is clear this spring, though, is that they’ve gone from the new owners on the NFL block to among the league’s foremost figures in less than a half-decade. Ownership groups around the NFL have most certainly taken notice.

Along the way, the club has returned to prominence on the field and has planned a major facelift for part of central Denver.

In Phoenix recently and in the aftermath of Friday’s announcement, though, this all feels like itap still closer to the beginning than the pinnacle of the Penners’ influence in football and on the Front Range.

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7480832 2026-04-11T06:00:35+00:00 2026-04-10T16:46:22+00:00
Nuggets, Avalanche playoff games blacked out again? Here’s how to work around it. /2026/04/10/nuggets-avs-playoff-games-blackout-nba-nhl-how-to-watch/ Fri, 10 Apr 2026 18:39:05 +0000 /?p=7480418 Nuggets fans could find themselves going batty again trying to watch the Joker.

Holy Blackout, Batman! Unless a Dark Knight swings in to save the day at the 11th hour, Denver sports faithful appear to once again be on the wrong side of a Comcast/Xfinity dispute that threatens their ability to watch championship-level teams in action.

ݴھԾٲdropped channels owned by E.W. Scripps earlier this month in a contract squabble. Denver’s KMGH-TV (Denver7) is one of those Scripps stations — and, as an ABC affiliate, will be carrying some of the NBA Playoffs and Stanley Cup Playoffs.

ESPN/ABC is slated to air roughly 18 NBA postseason games during the first two rounds, and likely one of the two conference finals series this spring. ESPN/ABC will air the NBA Finals and Stanley Cup Finals exclusively.

While specific games and network assignments have yet to be announced, it doesn’t take a VPN to see where this could be going.

And, frankly, it breaks the hearts — yes, we still have them — of the hoops nerds on the Grading The Week crew. Especially as it was only 15 months ago that Nuggets and Avs fans finally got Kroenke Sports & Entertainment’s Altitude channel back on Xfinity after nearly six years of darkness, public sniping and lawsuits.

Comcast/KMGH blackout — D

OK, we hear you. Enough sobbing. So, what are fans’ options for Nuggets and Avs playoff games that they can’t get on Xfinity? You’ve got a few, although none are perfect:

1. Buy a digital antenna. Easy to purchase, easy to install. Signal strength, however, may vary depending on your location.

2. Go full digital.

3. Pay for a streaming option such as Hulu, YouTube or Fubo, for example. (Full disclosure: The higher-ups in the GTW offices have been streaming for ages.)

4. Go full pirate, baby! Yarrrr!

The latter isn’t legal, mind you. But unfortunately, most Nuggets and Avs fans in the metro long ago learned — and frankly, had to learn, thanks to the blackout — how to find their games via more nefarious means.

Rockies making purple cool again? — B

We can’t believe we’re typing this any more than you can believe reading it,  but the Rockies — your Rockies, baseball punching bag, national punchline — had a heck of a week.

Friday morning’s news, as broken by The Post’s Patrick Saunders, brought smiles from FoCo to Castle Rock with the announcement that Broncos owners Carrie Walton-Penner and Greg Penner are purchasing a 40% ownership stake in Colorado’s Major League baseball club.

If nothing else, it probably means a nice cash boost for the Rox as the sport heads into potential labor uncertainty with the expiration of its agreement with the union looming in December. While the Monforts retain control of the team, everything Walton-Penner and Penner have touched with the Broncos so far has turned to gold — or pretty pristine silver, at any rate. It speaks well of the family’s investment in Front Range sports and the Rockies’ long-term prospects, financially and (hopefully) competitively.

Meanwhile, look who’s winning? The Rockies were 2-6 on April 4, you know, same as it ever was. The Phillies rocked Michael Lorenzen in a disastrous 10-1 laugher in the home opener on April 3.

The Rockies went 4-1 over their next five games, with a four-game win streak snapped at San Diego late Thursday night.

Fan fave Mickey Moniak from April 3-8 stirred the drink with three home runs, five RBI and a .714 slugging percentage to lift the middle of the order, while Willi Castro hit .412 and slugged .647 over that span.

Schedule the parades? Not yet. And small sample size, yes. But the last time the Fightin’ Monforts notched at least six wins from their opening 13 games was 2022 (8-5). Their record was 3-10 after a baker’s dozen contests a year ago. They opened 3-10 in ’24; 5-8 in ’23.

The ’22 Rox, by the way. wound up 68-94. If Warren Schaeffer coaxes a 25-win improvement from last year’s 43-119 nadir, give that man your Manager of the Year vote.

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7480418 2026-04-10T12:39:05+00:00 2026-04-10T15:22:08+00:00
Renck: Rockies hit a home run for Colorado fans by bringing in Broncos owners /2026/04/10/rockies-broncos-owners-sale-monfort-penner-walton/ Fri, 10 Apr 2026 16:36:38 +0000 /?p=7480282 Baseball doesn’t have a clock. But it was time.

After two decades of operating the Rockies as a mom-and-pop grocery store, it was time for owner Dick Monfort to bring in Walmart as a partner.

In what amounts to a home run for baseball fans in this state and region, Monfort has agreed to sell a 40 % minority stake in the Rockies to the Penner Sports Group, composed of Broncos’ co-owners Greg Penner and Carrie Walton Penner.

With a roughly $672 million investment based on Forbes’ most recent $1.68 billion valuation, the Penners will provide funds to pay down debt and financial resources that give Monfort runway to determine his future vision for the franchise as a labor stoppage looms following this season.

For Monfort, it was past time in the national pastime to treat the Rockies as a civic institution. By bringing on the Penners, he shifts the conversation about his ownership from selfish to selfless. At last.

It is wise, if not belated, recognition that family-run sports teams are becoming archaic and lack the wherewithal to consistently chase championships.

Monfort has groused in recent years, including in an interview with The Post before the 2024 season, about Major League Baseball’s lack of a salary cap. The concern about competing became amplified with regional sports networks dissolving, siphoning a source of revenue for a Rockies team that is already heavily dependent on attendance.

In the most recent homestand, the Rockies posted their smallest crowds in Coors Field history.

But lost in that nadir is that Monfort finally realized in October that significant changes were needed.

His decision to promote son Walker Monfort to vice president and give him freedom to hire baseball president Paul DePodesta, general manager Josh Byrnes and a battery of new business people was the clearest signal that he understood how dormant the team had become after seven consecutive losing seasons.

Until Friday.

This is a seismic event. A grand slam for Rockies fans.

By bringing the Penners on board, it creates a pathway for the Rockies to become relevant.

In 34 seasons, the Rockies have managed only five playoff berths, never won a National League West title and appeared in one World Series in 2007, swept by the Boston Red Sox in a buzzkill end to the most magical run in baseball history.

The obvious question: Why wouldn’t Dick Monfort simply sell the team?

This is something understandably frustrated fans have been chirping about for years.

It was not time for that. On multiple levels. Could that change down the road? Perhaps.

But starting with conversations a year ago, the Penners were motivated to get involved rather than take over. This is not a palace coup. It is a partnership. But it is also one (heck) of a safety net.

The new partnership continues momentum for Monfort, which has been evident on the field with the team’s 6-7 record after starting last season 7-33 en route to losing 100 games for a third consecutive season.

And it gives the Penners an opportunity to become financially tethered without dealing with the minutiae of running another team.

Can we pause for a second and acknowledge the commitment to sports and this community the Penners have shown since the summer of 2022?

As they enter their fifth year owning the Broncos, they have built a $175 million team headquarters, moved forward on a privately-financed new stadium for billions of dollars, created a $12 million initiative to donate over 15,000 helmets to high school football teams and and turned the franchise from a laughingstock to a Super Bowl contender by hiring Sean Payton and signing players to in-house contract extensions for more than $400 million over the last 18 months.

To Colorado sports fans, it’s worth even more.

Outfielder Troy Johnston (20) of the Colorado Rockies is introduced before the Rockies' season home opener against the Philadelphia Phillies on Friday, April 3, 2026, at Coors Field in Denver. (Photo by Timothy Hurst/The Denver Post)
Outfielder Troy Johnston (20) of the Colorado Rockies is introduced before the Rockies’ season home opener against the Philadelphia Phillies on Friday, April 3, 2026, at Coors Field in Denver. (Photo by Timothy Hurst/The Denver Post)

The Penners have shown at every turn that they are amazing stewards, setting a standard for excellence in everything from how their players travel and eat to how they increase alumni involvement.

Before you ask, their roles with the Broncos will not change. Owning the team has exceeded their expectations in how fulfilling, challenging and rewarding it has been. They will still attend practice a few days a week and mingle at the facility.

The Rockies, make no mistake, piqued their interest as a business investment.

Like many who have lived here, they recognize that baseball is a sleeping giant, a potential No. 2 sport in Colorado if Rocktober returns semi-annually. Coors Field, despite being the third-oldest ballpark in the National League, remains a destination spot with its timeless appeal and charm.

Fans have shown they will come if the team is good. It just takes several flips back in the calendar to remember when that was.

Overall, baseball is on the right track, benefiting from the pitch clock, eliminating shifts and creating the Automated Ball-Strike Challenge System.

The Penners obviously saw this.

For the Rockies, for Monfort, this move makes sense.

Just look at all the Penners have done, how deep their pockets are, and how much they commit to ventures. They are unbelievably curious people who look for answers, never satisfied with the status quo or mediocrity.

They will learn baseball just as they did the NFL. There is no reason to think they cannot help make the Rockies better.

Everyone will wonder if they will eventually buy the team. That is for a later day and could hinge on the outcome of the labor talks, in which Monfort serves as a hawk in the negotiations for commissioner Rob Manfred.

Since back-to-back playoff berths in 2017 and 2018, the Rockies have nosedived, bottoming out with 119 losses last season.

By bringing in the Penners, Monfort is letting the respected neighbors down the street spruce up the place. Their money matters. But more than that, it provides hope for the future.

And for this city, this state and the fans, that is priceless.

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7480282 2026-04-10T10:36:38+00:00 2026-04-10T13:22:20+00:00
Broncos owners buy 40% ownership stake in the Colorado Rockies /2026/04/10/broncos-owners-buy-rockies-stake-penner-sports-group/ Fri, 10 Apr 2026 15:56:31 +0000 /?p=7480162 Greg and Carrie Walton Penner, who lead the Denver Broncos ownership group, are now the largest minority owners of the Colorado Rockies, giving the team a needed financial boost and raising hopes among fans that the Rockies will invest more in future success.

Rockies chairman and CEO Dick Monfort and owner/general partner Charlie Monfort announced the move on Friday.

The addition of the Penner Sports Group, which owns a controlling interest in the Denver Broncos, will have a major impact on Colorado’s Major League Baseball franchise. Sources told The Denver Post that the Penners are purchasing a 40% share of the Rockies.

Greg Penner will remain CEO of the Broncos, and fellow primary owner Carrie Penner, his wife, will continue in her various roles with the team. The Penners will have no day-to-day involvement running the Rockies, a source said.

“We are excited to expand our commitment to the Denver sports community through a minority partnership with the Colorado Rockies,” the Penners said in a prepared statement. “This investment from Penner Sports Group reflects our deep appreciation for what the Rockies mean to this region, the passion of their fans and our confidence in the future of the franchise.”

Owner Greg Penner of the Denver Broncos speaks at the Hanbury Manor in Ware, England on Friday, Oct. 10, 2025. (Photo by AAron Ontiveroz/The Denver Post)
Owner Greg Penner of the Denver Broncos speaks at the Hanbury Manor in Ware, England on Friday, Oct. 10, 2025. (Photo by AAron Ontiveroz/The Denver Post)

According to Forbes, the Rockies are valued at $1.68 billion, ranking 25th among Major League Baseball’s 30 teams. The Penners’ investment equals about $672 million, and MLB has formally approved the deal.

According to the Rockies, the Penners’ investment allows the franchise to retire all outstanding debt and provides additional capital for the team.

The financial changes could help the Rockies become a bigger player in baseball’s current, uneven financial landscape, in which big-market teams like the Los Angeles Dodgers, New York Mets, and New York Yankees greatly outspend mid-market teams like the Rockies.

The Mets currently have a 40-man roster payroll of $357.2 million, the largest in MLB, The Dodgers ($322.6 million) and Yankees ($298.3 million), rank second and third. The Rockies ($120.5 million) are ranked 21st.

Renck: Rockies hit a home run for Colorado fans by bringing in Broncos owners

A source familiar with the deal told The Post that the Penners' 40% stake comes from a combination of existing partners and new equity. The Denver Post, a longtime minority owner with the Rockies, was the only shareholder to sell its entire stake.

Dick Monfort will continue in his role as chairman and CEO, Charlie Monfort will remain in his role, and Walker Monfort (Dick's son) will remain as the club’s president, running day-to-day operations.

Colorado Rockies vice president of corporate sponsorships Walker Monfort, front, joins his father, the team's owner and chief executive officer, Dick, before a baseball game Saturday, Aug. 17, 2024, in Denver. (AP Photo/David Zalubowski)
Colorado Rockies vice president of corporate sponsorships Walker Monfort, front, joins his father, the team's owner and chief executive officer, Dick, before a baseball game Saturday, Aug. 17, 2024, in Denver. (AP Photo/David Zalubowski)

“Speaking personally, on behalf of Charlie and our family, our other partners and the organization, we’re excited to welcome Greg and Carrie Penner into the Colorado Rockies ownership group," Dick Monfort said in a statement. "I’ve had the pleasure to build a strong relationship with Greg and Carrie over the past few years. For many reasons, including their recent success with the Broncos, we know we are gaining much more than just financial support in this partnership with Penner Sports Group.

"Greg and Carrie have proven that they share the same passion for our region and a strong commitment to compete at the highest level. We are thrilled to add them to the Colorado Rockies’ ownership group as we best position this franchise for long-term sustained success."

Negotiations between the Monforts and Penner have been ongoing for months, sources told The Post.

For long-suffering fans, relief

Rockies fans were excited by the news.

Phillip B. Foster II, whose family has held Rockies season tickets since the club's inception in 1993 and still attends about 30 Rockies games a season, said it was past time for changes.

"I think the best way to say it is that I feel a sigh of relief," said the 45-year-old Foster, a Denver resident who was a former bat boy for the minor league Denver Zephyrs. "I think this gives me, and other fans, a reason to want to keep going to games at Coors Field."

Loveland's Rece Lampe, 27, attended the Rockies' home opener this year and usually attends between seven and 10 games a season. He said it was time for a change.

"My initial response as a fan is very positive," he said. "This team needs some new direction and new blood, because of their lack of success over the past years.

"Getting a 40% stake from an ownership group that clearly wants to win, like the Broncos do, shows me that the Rockies are trying to change the vibe."

Colorado Rockies Mickey Moniak (22) scored in the 4th inning of game against Philadelphia Phillies at Coors Field in Denver on Friday, April 3, 2026. Philadelphia won 10-1. (Photo by Hyoung Chang/The Denver Post)
Colorado Rockies Mickey Moniak (22) scored in the 4th inning of game against Philadelphia Phillies at Coors Field in Denver on Friday, April 3, 2026. Philadelphia won 10-1. (Photo by Hyoung Chang/The Denver Post)

A major investment in Mile High baseball

The Rockies have endured seven consecutive losing seasons and have lost 100 or more games in each of the last three seasons. Last year, the club lost 119 games, tied with the 2003 Detroit Tigers for the third-most in a single season since 1901, ahead of the 2024 Chicago White Sox (41-121) and the 1962 New York Mets (40-120).

On Wednesday, the Rockies beat Houston for their fourth consecutive victory. However, the announced crowd at Coors Field was 15,189, marking the lowest home attendance in franchise history, excluding pandemic-affected seasons. The previous low crowd came on Monday night, with an announced crowd of 16,301.

The Walton-Penner Family Ownership Group, led by Greg Penner, Carrie Walton Penner, and Rob Walton, purchased the Broncos for $4.65 billion in August 2022. The Broncos are in the early in the process, but knee deep on the way to building a new stadium and entertainment complex at Burnham Yard.

"Our family’s had such a positive experience with the Broncos, reinforcing our interest in partnering with another team in this dynamic sports market," the Penners said. "We’ve enjoyed getting to know the Monforts and are grateful to join Dick and Charlie in the Rockies’ ownership group along with the other partners.

“While our focus remains firmly on the Broncos, we look forward to being supportive, long-term partners of the Rockies and Major League Baseball."

Dick and Charlie Monfort became the Rockies' majority owners in 2005. Forbes first valued the Rockies in 1998, just five years after their inception, at $303 million. Since then, the club has appreciated by more than 450%.

Denver Post Broncos beat writer Parker Gabriel contributed to this story.

 

 

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7480162 2026-04-10T09:56:31+00:00 2026-04-10T17:10:43+00:00
Bo Nix’s ankle is fine, and his stature inside Broncos franchise is growing | Renck & File /2026/04/04/broncos-bo-nix-power-leadership-sean-payton/ Sat, 04 Apr 2026 12:30:48 +0000 /?p=7473922 PHOENIX — A throwaway line revealed how Bo Nix’s offseason has been nothing but tight spirals.

When general manager George Paton met the media on Monday at the NFL owners meetings, he provided an interesting nugget about Nix and the acquisition of receiver Jaylen Waddle.

“I wasn’t with him when he found out, but he was pretty excited when I walked down to the training room. He obviously went to dinner with all of us. I think Bo thinks he is a quasi-GM sometimes,” Paton said. “Sometimes he is right, and sometimes he is wrong, but I think he’s right on this guy. This guy is pretty special.”

So, too, is Nix. The Broncos know this. A transition is happening right before our eyes. Nix’s stature in the organization is growing, a testament to his maturity and remarkable first two seasons.

Reticent to question anything from coach Sean Payton as a rookie, Nix began voicing his opinion about preferring uptempo last season. He also has no issue screaming at Payton over slow substitutions, something that played out on a weekly basis.

And the offseason has only amplified his gravitas.

He cemented every belief about his character by the way he tackled his ankle rehab, and showed his growth by speaking up about Waddle. Write it off as him having a strong opinion because he played against the receiver at Alabama in the Iron Bowl if you must.

In my belief, there is more to it than that.

Folks in charge want to know what Nix thinks. And we would be foolish to believe that Nix did not welcome Davis Webb’s promotion to offensive coordinator with anything but open arms. He became close to Webb over his first two seasons, his development progressing rapidly under the quarterback coach.

Webb had leverage this offseason as a hot head coaching candidate. There was no reason for him to stay without being given some play-calling duties. Payton reluctantly relinquished the role — don’t blame him, since he remains good at dialing up gems. And in case you didn’t hear, it was — all together now — his decision.

But there is no way this change happens without Payton, Paton or owner Greg Penner — or some combination thereof — having a conversation with Nix.

This is how the NFL works. As a rookie, it was Nix’s time. Last season, it was his team. In his third season, he will become the face of the Broncos, a role filled by Payton since 2023, as he navigated a hairpin U-turn.

Nix should be coming off a third straight playoff berth and in line for a $50 to $60-million a year contract. That kind of deal comes with perks, spoken or not.

We have seen this evolution with Patrick Mahomes, Josh Allen and Lamar Jackson. They were all rookies once. Now, you can’t mention their team without thinking of them.

Nix is quickly ascending into this role. The good news? He gets it. He knows the Spider-Man principle — with great power comes great responsibility.

The star franchise quarterback is the answer to every question. And he is both the excuse and the target of criticism when expectations are not met. It all comes with it, especially when the salary matches a gross national product.

Since being drafted, Nix has passed every test. If he reaches his potential next year with a Super Bowl berth, it will be obvious that he is the fulcrum on which the organization pivots.

Avs sweaters: The Avs are in position to clinch the NHL’s best record. It is not because of a certain sweater. Best line seen on this: The Avs are the favorites to win the Stanley Cup. The Quebec Nordiques are the favorites for the top draft pick. Time to stop wearing the blue jerseys.

Go-Go Rox: Adding Jake McCarthy and Willi Castro has given the Rockies a throttle. They had 10 stolen bases through six games. They posted 87 last season. The Rockies have no plans to stop running. “It’s how we are going to play,” outfielder Mickey Moniak said. Coors Field awards more than power. Nice to see a front office recognize this.

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7473922 2026-04-04T06:30:48+00:00 2026-04-04T07:33:56+00:00
Aaron Rodgers to the Broncos? April Fools. Denver thrilled with Bo Nix’s ankle rehab | Mailbag /2026/04/02/broncos-aaron-rodgers-bo-nix-april-fools/ Thu, 02 Apr 2026 11:45:16 +0000 /?p=7471565 Denver Post Broncos writer Parker Gabriel posts his Broncos Mailbag weekly during the season and periodically during the offseason. Click here to submit a question.

Can you guys give an update on Bo Nix’s current status as it relates to his broken ankle and subsequent surgery? Like, a photo of him doing stuff or even in a boot or whatever?

— David Southall, North Charleston, S.C.

I don’t have a photo or video of Nix working out, but he’s well past the boot phase in his recovery.

Fortunately, what I do have are words from the Broncos’ brass earlier this week at the NFL’s spring ownership meetings in Phoenix. One of many updates from the happenings in the desert: Nix is champing at the bit and his recovery from ankle surgery in January has been, by all accounts, smooth and quicker than expected.

Owner and CEO Greg Penner said of Nix’s recovery, “Itap really, really good. He’s attacked his recovery in the same way that he attacks preparing for games. He’s done a terrific job. He’s ahead of schedule. No concerns at all for OTAs and going forward from there. We’re really pleased with his progress and the support from (VP of player health and performance) Beau Lowery and everyone.”

Head coach Sean Payton echoed that Nix was “ahead of schedule with his rehab,” and when asked if Nix would be fully cleared for Denver’s offseason program, he simply said, “Yes.”

Nix has already ramped up his activity level this offseason as he recovers and now he’s to the point where he’s doing running and jumping work. He’s not only on track to be fully cleared for OTAs in June, but sources say he’ll be at full go when Denver begins its offseason program on May 4.

OTAs and minicamp always feature more rep-splitting than the regular season does, especially at quarterback. Once September rolls around, Nix gets nearly all the practice work as the starter. So June is the time, along with training camp, to get plenty of work for Jarrett Stidham and Sam Ehlinger. Perhaps Payton and the Broncos will be ever so slightly cautious with Nix during OTAs and minicamp, but the way they talked this week, they don’t think they’ll have to be.

All of that makes a Wednesday report about all the more far-fetched. It suggested some level of doubt about Nix’s status for the early part of the regular season and, really, looks like an April Fool’s Day gag, though it was not originally intended to be so. Regardless, a source told The Post that there’s a “less than zero percent” chance Rodgers visits Denver and that the mere thought of him being an option was “preposterous.”

So, Nix’s Year 3 begins in earnest with the offseason program a month from now, followed by OTAs and minicamp in June. Payton was asked about what he expects from his quarterback in Year 3 and said, “I think look, his job — and we say this all the time — is lead your team into the end zone. Lead your team to wins. We see him every day at the facility. He’s ahead of schedule with his rehab.

“He likes being around football.”

Hi Parker, I heard that Jonah Elliss may be taking snaps on the inside of the line. Does that hurt our rotation of edge rushers or will we just be seeing him more on the field?

— Mike, Denver

Hey Mike, yes indeed. Payton mentioned this on Tuesday morning at the owners’ meetings. He didn’t exactly say that Elliss is switching permanently, but said he’s going to get work there going forward. Typically, these types of changes aren’t partial or just a dip of the toe. Itap hard enough to play one position, let alone learn two. Still, we’ll wait and see exactly if there’s any OLB in Elliss’ workload this offseason or if itap all inside.

Wrote about this some the other day, so won’t go super long on it here, but just briefly, this move is as much about Denver’s depth at outside linebacker as it is about believing Elliss can play in the middle of the field. The Broncos are looking for ways to get Que Robinson on the field after a tantalizing rookie season and this would be one. If Elliss can play in the middle, he’d be nice depth along with Jordan Turner behind starters Alex Singleton and Justin Strnad.

Whatap left for the Broncos to address with the roster?

— Ed Helinski, Auburn, N.Y.

Obviously, with the draft coming up, Denver will add to its roster at several positions over the final two days of the draft, plus through undrafted free-agent signings.

Taking that out of the picture for a moment, Payton and general manager George Paton combined to leave the door open for veteran free agent additions on both lines and at running back, among other spots.

Just me, but I think the interior defensive line has perhaps the most interesting set of veteran players still available on the market. There are still players out there like Calais Campbell, a Denver native, along with DJ Reader, Denico Autry, DaQuan Jones, Shelby Harris, Khalen Saunders and others.

Paton on Monday noted the depth Denver has on the defensive line, but added, “you’re always looking for big guys on the offensive and defensive lines.”

You can’t rule out an addition at another spot or two as well, whether thatap in the secondary, at running back, another special teams guy to go with the addition of Tycen Anderson or wherever else.

Hey Parker, I’ve noticed that Christian Wilkins is still a free agent. I’m not sure if he would fit in Denver or not, but I’m more curious about why his tenure in Las Vegas ended so suddenly and mysteriously. It feels like some part of that story isn’t being shared. Do you have any insights, or have you heard any plausible explanations?

— George P., Seattle (not a “12”)

I don’t know anything about the end of Wilkins’ tenure in Las Vegas other than whatap been reported regarding the in his foot, the grievance over his guaranteed money and the reports about behavior in the locker room that some teammates perhaps weren’t comfortable with.

According to ESPN’s Adam Schefter, Wilkins was still recovering from that foot injury. Schefter said March 20 that most teams in the NFL had checked on him and that he’s planning on playing this fall.

He’s a talented player, obviously, but missing most of two seasons with a foot injury is no joke for a guy his size.

What do you see the Broncos doing in the draft?

— Ben, Grand Junction

Great question, but virtually impossible to say with Denver now set to wait all the way until pick No. 62 before making its first selection.

The natural inclination would be to say that they’re likely to trade back from either No. 62 or one of their early fourth-round picks in order to generate more selections after losing two in the trade for Jaylen Waddle, but you can never count Payton out from moving up from one of those spots either.

The board always has to line up, but to me, tight end, running back, offensive line, and linebacker are on the shortlist. If you told me their first two or three picks would come in some order from that set of positions, I’d believe it. At the same time, given where their roster is generally speaking, they’re in a position where they can truly take the best player available if there’s somebody at a different position that they have graded substantially higher than the rest of the field.

The Broncos were set to start their stretch run of in-depth draft meetings bright and early on Wednesday morning. Paton and Payton will spend much of the next four weeks together watching tape, sorting through players and positions and identifying targets. They’ll dish out clumped players by position or projected draft range to assistant coaches and scouts to dig deep into in order to try to find separation. They’ll work through mock drafts, projections, background information and all the rest.


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7471565 2026-04-02T05:45:16+00:00 2026-04-01T14:25:46+00:00
Broncos focused on re-signing J.K. Dobbins and Adam Trautman, but could still target RB or TE in NFL Draft /2026/04/01/broncos-sean-payton-denounces-nfl-free-agency/ Wed, 01 Apr 2026 11:45:15 +0000 /?p=7470292 PHOENIX — Eventually, as Sean Payton recounted, the angst spread to his own family. By the second day of the NFL’s legal-tampering period on Tuesday, March 11, the Broncos still hadn’t signed anyone. And so Payton’s phone buzzed — not an inquisitive ring from owner Greg Penner, or an agent, or a reporter.

It was his 71-year-old brother Tom, wanting the scoop. There was no scoop. A different plan was brewing behind closed doors, one that finally brought star receiver Jaylen Waddle from Miami to Denver after months of expressed interest.

“I do think patience is important,” Payton told a table of reporters on Tuesday morning at the NFL’s annual spring meetings.

At that moment, NFL Network insider Tom Pelissero strolled past. Payton pointed and guffawed.

“Free-agent frenzy!” Payton cracked, . “Right here. You’re the ‘frenzy’ guy.

“And if it’s ‘frenzy,'” Payton continued, turning back to reporters at the table, “that’s not good. But it sells.”

After a month of local and national chatter around the Broncos’ lack of free-agency activity — giving way to local and national praise around the Broncos’ eventual splash deal for Waddle — an animated Payton sold his own version of events on Tuesday morning. Speaking to media members at the AFC coaches’ breakfast, Payton said Denver’s retention-heavy approach was the plan all along. He repeatedly chastised the NFL’s marketing of the “frenzy” of free agency. And ran a verbal victory lap on the Waddle trade, which he called a “real fair deal.”

Payton dug his heels in, too, on the cornerstones the Broncos re-signed.

“(J.K.) Dobbins was a priority,” Payton said on the return of Denver’s lead running back, carefully enunciating his words to follow. “Ahead of all others. Now, that’ll anger people. We know he’s been injured. We understand. And the issues haven’t been soft-tissue driven. But he’s someone thatap one of those, compound multipliers. Like, he brings 10 others along with him, in a positive light.”

Tight end Adam Trautman (82) of the Denver Broncos stiff arms cornerback Noah Igbinoghene (6) of the Washington Commanders while gaining extra yards after the catch on Sunday, Nov. 30, 2025, at Northwest Stadium in Landover, MD. (Photo by Timothy Hurst/The Denver Post)
Tight end Adam Trautman (82) of the Denver Broncos stiff arms cornerback Noah Igbinoghene (6) of the Washington Commanders while gaining extra yards after the catch on Sunday, Nov. 30, 2025, at Northwest Stadium in Landover, MD. (Photo by Timothy Hurst/The Denver Post)

Broncos coach hints at RB, TE options in NFL draft

For all Payton’s conviction on Tuesday, though, there was a contradiction to his messaging. Denver is betting on the locker-room chutzpah that was established in a dream 2025 season, when late-game execution and the power of friendship led to 12 wins in one-score games. The Waddle trade was made with the Broncos’ emphatic belief that the star former Dolphins receiver will be a culture fit. Beyond that, Payton made clear the Broncos valued bringing back what they knew as opposed to searching in the free-agent market for a relative unknown.

On the flip side, Payton still continues to directly acknowledge that the Broncos played the margins too thin for comfort last season.

“Just go do the analytics — lopsided, in your favor, one-score games,” Payton said. “Which, certainly, 11 of 13 would be. And then track the next season, and there’s nothing that correlates (to improving). And so thatap why I said to you, I never feel good. You always understand the next challenge. We have a tough schedule.”

The Broncos’ current antidote to expected regression in close games, then, is Waddle, a speedy and precise receiver who should raise the ceiling. But at present, the same weaknesses that existed on last year’s roster still exist, by virtue of widespread retention at other positions. The Broncos have the exact same four-man rotation at running back under contract for 2026, which largely underwhelmed in the run game after Dobbins’ season-ending injury in Week 10.

When reminded he’d emphasized the need for run-game improvement back in late January, Payton acknowledged Denver could likely look at running backs in the NFL draft.

“That could be a position that gets addressed, if the opportunity presents itself,” Payton said.

Payton, too, lauded the Broncos’ re-signing of veteran tight end Adam Trautman when prompted, calling the 29-year-old Trautman “one of the better blocking tight ends in the NFL.” Denver was “leery” in free-agent evaluation, as Payton said, of any tight end that could simply pop on a few frames of tape. The staff knew exactly who Trautman is as a player, Payton said. And didn’t take him for granted.

But on the flip side, again, Payton said point-blank that the Broncos could take a tight end in April.

“Hopefully we can get to know ‘em,” Payton said of this draft class, “and possibly have a target in there.”

Overall, across a 30-minute sit-down, Payton straddled the fence between bullishness on his current roster and an eye towards April’s draft. The head coach said the Broncos’ offseason process is to first conduct an initial evaluation of the draft class, then look at free agency, then return to the draft to “address this must,” as Payton put it.

And Payton hinted that Denver preferred to address those musts with a new crop of rookies, rather than this year’s free-agent market.

“Look, we never get to live in a perfect world,” Payton said. “But you’d love to always be drafting the best player. And sometimes, there’s a lot of times that can happen. So, George and I, we’re all sitting there going through the puzzle.”

Waddle fit Payton’s puzzle. The Broncos will attempt to find draftees that fit that puzzle. For better or worse, the majority of free-agent prospects didn’t.

“If you can train and are like-minded like us, come on in,” Payton said, referring to Waddle. “Now, if you can’t?”

He trailed off and pivoted subjects, the message lingering long enough.

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7470292 2026-04-01T05:45:15+00:00 2026-04-01T07:55:38+00:00
Broncos owner Greg Penner turns up pressure on new stadium talks, calls Burnham Yard timeline ‘ambitious’ /2026/03/30/broncos-owner-greg-penner-stadium-timeline-ambitious-burnham-yard/ Mon, 30 Mar 2026 23:11:28 +0000 /?p=7469474 PHOENIX — Inside a humid meeting room in Arizona, Greg Penner turned up the heat back in Denver on the Broncos’ plans for a new stadium.

On Monday, speaking to reporters at the NFL owners’ meetings, Penner repeatedly described the Broncos’ planned timeline for a new stadium at Burnham Yard — tentatively scheduled for a 2031 opening — as “ambitious.” It’s the first time the Walton-Penner ownership group has applied pressure to public and private constituents since announcing Burnham as its preferred stadium site in September.

“Itap an ambitious timeline that we have,” Penner said. “And we won’t be able to accomplish our goals in terms of timing and getting in there just by ourselves. So itap not just something the Broncos are driving. We’ve got to have a lot of support from partners and others that are involved with the site.”

Asked about that level of support, Penner doubled down.

“The support has been good, and everybody, I think, wants to do the right thing,” Penner said. “But again, there’s a lot of different parties with different interests. As of now, we’re on track. But again, itap ambitious to get to the 2031 goal that we have.”

A large crowd gathers in a gymnasium for a community meeting hosted by the Denver Broncos at the La Alma Recreation Center to share preliminary concepts for the proposed new stadium and mixed-use community at Burnham Yard in Denver on Feb. 12, 2026. (Photo by RJ Sangosti/The Denver Post)
A large crowd gathers in a gymnasium for a community meeting hosted by the Denver Broncos at the La Alma Recreation Center to share preliminary concepts for the proposed new stadium and mixed-use community at Burnham Yard in Denver on Feb. 12, 2026. (Photo by RJ Sangosti/The Denver Post)

Sticking points in new stadium negotiations

Penner isn’t pulling the fire alarm on the Broncos’ entire timetable, but Monday’s remarks were a clear warning shot. The Broncos have a variety of processes to finalize — some of which have yet to even begin — before putting shovels in the ground in 2027 at the 58-acre Burnham railyard site.

The organization’s public messaging around Burnham Yard continues to state that the area is a “preferred site,” a clear hold on leverage, even as the Colorado Department of Transportation is set to finalize the $45.8 million sale of Burnham to the Broncos on May 15. And Penner confirmed to reporters Monday that the Broncos are “closer” to shedding the preferred-site label, but a lengthy road still remains ahead.

“Some important steps have been taken,” Penner said. “But when we change that from ‘preferred site’ to ‘this is the site’ — we’ll have all of our ducks lined up, and be prepared to say, ‘We’re formally moving forward with that site.’ ”

At the moment, there are three primary sticking points in the Broncos’ negotiations. The first — and arguably most important — is a community-benefits agreement with various constituents around the La Alma Lincoln Park neighborhood. The community has yet to officially begin CBA negotiations with the Broncos, team president Damani Leech confirmed Monday. That could present a problematic timeline for the organization.

In October 2024, Kroenke Sports and Entertainment signed an official CBA to approve mixed-use development around Ball Arena after 18 months of negotiations, CBA member Carrie Makarewicz told The Post last year. That process required the community to raise around $70,000 for associated negotiating costs, Councilwoman Jamie Torres previously told The Post. For the Broncos to begin construction in 2027, a timeline they presented at a community meeting at the La Alma Recreation Center in mid-February, the organization would need to complete CBA negotiations with any La Alma Lincoln Park coalition considerably more quickly than KSE’s timeline for the Ball Arena redevelopment.

When presented with the Ball Arena CBA timeline, Leech said point-blank that the Broncos expect these negotiations to move more quickly.

“We’ve had conversations with city council representatives and neighborhood representatives, as well,” Leech said Monday. “And so, while we don’t have a specific timeline, we certainly expect it to be shorter than that.”

The Broncos also still have to finalize negotiations with Denver Water around the displacement of their facilities from the Burnham Yard area. After agreeing to supply the Broncos with the 25 acres near Burnham that currently house its operations campus, the public utility is still planning to build a new headquarters in the Elyria-Swansea neighborhood. Denver Water is also still working on a potential plan to relocate another facility to Lot M at the Broncos’ current Empower Field site, which could pose its own complications.

“Denver Water is going to be an important part of the process, obviously,” Penner said Monday. “Itap a utility that provides a tremendous asset to the community, and we need to make sure that, as we move forward, their service isn’t interrupted in any way. And we’re cognizant of that.

“But also,” Penner added, “coming up with a plan that allows us to get in there, on the timeline that we have in mind.”

Leech added that the Broncos have had a “great relationship” with Denver Water CEO Alan Salazar, and that “they want this to happen.”

“We continue to work with them,” Leech said, “and I feel like we’ll be able to solve it.”

A smaller piece of the puzzle is also an SRM Concrete plant that sits smack in the middle of the Broncos’ proposed stadium site, which city property records list at a total value of about $15.6 million. Penner said the organization is still working on a “number of private transactions,” including buying the concrete yard, and is going to “try and get that done.”

SRM Concrete CEO Jeff Hollingshead, however, told The Post in an email on Monday that the company hasn’t had any further conversations about a potential sale with the Broncos over the past month. Hollingshead, though, added that he’s sure the two parties “can come to an agreement that works for both of us.”

“We’re not going to be the reason why the stadium’s not getting built,” Hollingshead said.

Burnham Yard is the Broncos preferred site to build a new retractable roof stadium in Denver, Colorado on January 29, 2026. (Photo by RJ Sangosti/The Denver Post)
Burnham Yard is the Broncos preferred site to build a new retractable roof stadium in Denver, Colorado on January 29, 2026. (Photo by RJ Sangosti/The Denver Post)

Possibility of extending the current stadium lease

Penner reiterated that if the Broncos’ timeline is pushed back beyond 2031, team officials would simply extend their lease at the current stadium. Any such decision, however, wouldn’t need to come until the end of the Broncos’ current lease through the 2030-31 season, Metropolitan Football Stadium District representative Matt Sugar previously told The Post.

That’d be a long-shot development, and Penner said there’s currently “nothing in place” to extend the Broncos’ current lease beyond 2031. But the owner’s stance in Arizona was clear: the organization needs a little help from the community and city alike to grease the wheels.

“Not sure when exactly thatap going to be,” Penner said Monday, on when the Broncos will announce Burnham Yard as the formal site of a new stadium. “But hopefully sometime in the coming months.”

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7469474 2026-03-30T17:11:28+00:00 2026-03-30T18:04:35+00:00