The Denver Broncos and representatives for two-time Pro Bowl left tackle Ryan Clady have agreed to put off negotiations towards a long-term extension until after the 2012 season, Mike Klis of The Denver Post reports.
Scheduled to earn $3.5 million in base salary in the year of his rookie contract, Clady had reportedly rejected a five-year offer from the Broncos worth $50 million, including $28 million in guarantees.
"Although we want to reach an extension with Ryan, we are unable to do so at this time," Broncos Executive Vice President of Football Operations John Elway said. "Now, our complete focus as an organization must turn toward having a successful 2012 season. We're looking forward to Ryan playing a key role on our team this year and hope he will be a Bronco for many seasons to come."
A first-round pick out of Boise State, Clady has started all 64 games during his four-year career, including in 2010 despite suffering a knee injury during that offseason. While nothing prevents the two sides from reaching an agreement between now and the end of the season, the Broncos have the option of using the franchise tag on Clady next offseason. If the salary cap remains flat, as it's expected to do, the tender for offensive line is projected to be $9.278 million.