The Broncos have signed two-time All-Pro left tackle Ryan Clady to a new five-year deal with a base value of $52.5M, including what is being reported as $33M in guarantees over the first three years of the deal.
Clady, who will turn 27 in September, can reportedly earn an additional $5M if he's named to the All-Pro team two times over the life of the deal.
In March, Denver had applied its franchise tag to their 2008 first-rounder, but Clady had not signed the one-year, $9.828M tender. The two sides had been facing a Monday afternoon deadline to get a long-term contract signed, or potentially play out the same negotiation again next offseason.
The contract and reported guarantee place Clady among the highest paid linemen in the league; the Boise State alum had said he'd wanted like a deal commensurate with those given Joe Thomas by Cleveland and Jason Peters by Philadelphia, and this appears to check off that goal.
As for the guaranteed amount, we'll hold judgment on Denver's outlay and risk until the full details emerge. It's unlikely that the reported $33M figure is fully guaranteed, as we discussed Sunday morning.
According to Over the Cap, Denver had a shade over $10M in 2013 cap room prior to the deal, but that included Clady's $9.828M tender figure, so this new contract doesn't figure to alter the Broncos' cap situation by much.
Clady has started all 80 regular-season and three postseason games the Broncos have played since they took him with the 12th-overall pick in 2008, despite a pair of serious injuries.
The 6-6, 315-pound tackle suffered a torn patellar tendon during the 2010 offseason but returned to play all 16 games, and he's currently rehabilitating a surgically repaired labrum in his right shoulder.
With Clady now locked up, the Broncos can turn their contractual attention to signing 2013 first-rounder Sylvester Williams, their only unsigned pick.
Key players scheduled to reach free agency are Eric Decker, Wesley Woodyard, Zane Beadles, Dominique Rodgers-Cromartie, Mike Adams, Britton Colquitt, and J.D. Walton.
Chris Harris, Tony Carter, and Mitch Unrein are scheduled to become restricted free agents.
Looking ahead to the 2015 offseason, Von Miller, Champ Bailey, Wes Welker, Orlando Franklin, and Rahim Moore are the biggest names whose contracts are set to expire. But Denver will have the option of triggering a 2015 option on Miller following the end of the 2013 regular season, and there's almost no chance they won't do just that.
But as for 2013, the Broncos' biggest remaining question mark has been answered, and all eyes will turn to the start of training camp, which is only 11 days from today.
Updated 10pm ET