The Denver Broncos and Ryan Clady have until next Monday to finalize a long-term deal, before Clady will be forced to play the season under his one-year franchise tender. With the deadline quickly approaching, Clady and the Broncos appear to be working very hard at finalizing a deal that will make Clady one of the three highest offensive lineman in the NFL. Only Cleveland Browns left tackle Joe Thomas would be making more.
Last summer, the Broncos offered Clady a five-year deal worth $50 million. According to the Denver Post, the Broncos have improved their previous offer to Clady in an attempt to get a deal done.
The two sides re-opened contract talks today as they make a push to get the deal done.
If a long-term deal is not reached by July 15, the Broncos run a real risk of losing Clady in free agency next year, unless they slap him with a second straight franchise tag in 2014, which would require a mandatory 20 percent raise to $11.79 million.
We will keep you updated on the contract talks as we approach next week’s deadline.