The Broncos, one day after making a deal for QB Brady Quinn, have released Chris Simms, a player that at one point seemed to have the inside spot at being the teams starting QB:

With Brady Quinn now under contract at a base salary of only $700,000, the Broncos were able to part ways with last year’s primary backup quarterback, Chris Simms. According to Mike Klis of the Denver Post, Simms has been released.

Simms was due to earn a base salary of $2.54 million in 2010. Last year, he earned $1.96 million. $1.96 million, in exchange for three appearances, one start, one benching, 17 passes thrown, five completed, one interception, five sacks, and a passer rating of 15.1. The move leaves the Broncos with three quarterbacks under contract: Kyle Orton, Quinn, and Tom Brandstater.