DENVER -- The Denver Broncos touted Brian Griese as the replacement for future Hall of Famer John Elway.

Instead, he's about to become another victim of the salary cap.

The Broncos are expected to release Griese on Monday, a move that will save the team $6.3 million in salary cap space over the next two years.

"He comes from a business-minded family who understands how professional football works as well or better than anyone,'' said Ralph Cindrich, Griese's agent. "The decision was made and he accepted it. I think he felt like, in all circumstances, he was treated very well there.''

Griese might not be on the market long.

Despite his struggles the past two seasons -- 38 touchdowns and 34 interceptions -- several teams seem to be willing to take a chance on a quarterback who was a Pro Bowler just three years ago.

Cindrich said at least three teams have expressed interest and he hopes to have a deal worked out quickly once the league's 4 p.m. deadline for signing passes.

Griese could end up in Dallas, where new coach Bill Parcells might want to add a veteran quarterback, but Miami appears to be the best fit.

The Dolphins want a backup for Jay Fiedler after releasing Ray Lucas in April, and Griese grew up in Miami, where his father, Bob, was a Hall of Fame quarterback for the Dolphins in the 1970s.

"Miami is the front-runner,'' Cindrich said. "But I haven't talked with them for a long period of time and there are some hurdles that have to be jumped before the thing could come through.''

Cindrich didn't rule out Griese signing in time to take part in Miami's three-day quarterback school on Tuesday.

"I don't know if that all can happen that quickly,'' Cindrich said. "I would be mildly surprised, but yes, it would be nice if it could happen.''

Griese went to the Pro Bowl in 2000 after throwing 23 touchdown passes with just four interceptions, the second-best ratio in league history, but the Broncos soured on him after two mediocre seasons.

Griese was just 27-24 as a starter and the Broncos reached the playoffs just once in his four years as a starter.

Griese had 15 touchdowns and 15 interceptions last season and it became apparent he was on his way out of Denver when coach Mike Shanahan benched him in favor of Steve Beuerlein for the final game.

The Broncos then signed Jake Plummer to a seven-year, $40 million contract in March, and told Griese and Cindrich they were free to negotiate with other teams for a trade. No deal was reached because the league ruled the Broncos didn't have enough room under the salary cap.

By releasing Griese after June 1, the Broncos will save $4.9 million on the salary cap next season and $1.4 million the following year.

"I am pretty relaxed,'' Griese said last week. "As it comes down to the end, I'm just reflecting on things that went on and, most importantly, reflecting on experiences here in Denver. I'm grateful.''

Griese had surgery on Jan. 29 to repair a torn labrum and tighten the capsule on his non-throwing shoulder. He has spent the past several weeks rehabilitating the injury at the Broncos' practice facility.

"He's ready to go,'' Cindrich said. "If he had to go out and play right now, he could do it.''