The present invention provides a mechanical broadhead in which the blades slide within longitudinal channels that are formed in the ferrule. The blade is formed having a transverse boss extending from the flanks which are received in a channel formed in the ferrule. A camming surface is formed on the inward edge of the blades cooperate with a compliant member to provide controlled radial movement of the blades as they slide rearwardly within the channel on the ferrule.