The Broncos are releasing Prentice, but he's expected to return on the team's practice squad, Chris Tomasson of The Denver Gazette reports.
As a vested veteran, Prentice doesn't need to clear waivers to land elsewhere, but apparently that isn't a consideration in this case. Assuming the fullback ends up on Denver's practice squad, the team will be able to elevate him three times to the active roster before needing to make a decision to bring him back to the active roster for good.