The Broncos announced today they have signed rookie punter Karl Schmitz. The #Broncos have signed rookie punter Karl Schmitz to a contract. He handled punts and kickoffs for Jacksonville University in 2008. — Denver Broncos (@Broncos) March 12, 2015 If the Broncos cut Britton Colquitt, they will save $2.2 million dollars against the salary cap. Since earning his contract extension,…