The Denver Broncos could gain a real opportunity in free agency after NFL Network insider Adam Schefter reported that the Seattle Seahawks are unlikely to use the franchise tag on Kenneth Walker III this offseason. The decision, if confirmed, would shift the balance of power among running backs who could hit the market, particularly given Walker’s Super Bowl MVP postseason run.
Analysts suggest Seattle’s stance reflects the franchise’s broader approach to the running back position. Bucky Brooks noted the Seahawks’ belief in a Shanahan/Kubiak-style system that often treats RBs as disposable assets, making a Day 2 targeting strategy plausible to replace Walker with a younger, cheaper option. While declining the tag doesn’t guarantee Walker’s departure, it removes a key leverage point for Seattle in upcoming negotiations.
For Denver, Walker’s availability would directly address a major need at running back. His proven postseason production and ability to fit multiple schemes could complement the Broncos’ offense under head coach Sean Payton. Denver reportedly has significant cap flexibility—estimates place their available space in the mid to high $20s millions—making a potential bid for Walker feasible if he reaches the market.
Despite the potential, competition will be strong. Seattle retains leverage through extension talks, and other teams could also pursue Walker, driving up the market. Still, the absence of a franchise tag marks a notable development and creates a tangible opening for the Broncos to pursue one of the top playmakers in the 2026 free-agent class.
