According to Mike Klis, the Broncos have increased their offer to left tackle Ryan Clady beyond the five-year, $50M figure they were said to have presented him last July, when talks between the two sides broke down.
Denver used its franchise tag on Clady, and the two sides have until 4pm ET on Monday, July 15, to reach agreement on a long-term deal. If they again reach a stalemate, Clady would play out the one-year, $9.828M tender, which he has not yet signed.
If that should happen, the three-time Pro Bowler would become an unrestricted free agent, unless the Broncos were to again tag him, but at a 20% premium (to $11.7936M).
Klis's article suggests the Broncos have raised the average annual value with their newest offer, but there's no mention of the all-important guaranteed portion.
Clady has said in the past that he'd like to be paid somewhere in the same neighborhood as fellow left tackles Joe Thomas, of Cleveland, and Jason Peters, of Philly. According to the latest updates from Spotrac, Thomas received $28.5M in guarantees, while Peters got $25M; it has long been reported that Thomas's deal included $44M guaranteed.
For most of the past year, we've been under the impression that Denver's final 2012 offer included $28M in guarantees, but Klis recently updated his own report (without updating it, of course) to say only $16M was guaranteed.
If their latest offer doesn't include more guaranteed money, then don't expect Clady to sign - and this report is more for PR purposes, than an indication of real progress.
And as we suggested on Sunday morning, it would be a surprise to see the All-Pro sign off on a deal which contains less than $30M or so in full guarantees.