"It comes as no surprise that Champ has been voted into the Broncos' Ring of Fame in his first year of eligibility," Broncos president & CEO Joe Ellis said in a statement released by the team. "Not only did he make so many incredible plays as a Bronco, but the consistency and leadership he brought to this organization for 10 seasons as a perennial All-Pro was second-to-none.
"To see the way Champ's career has been appreciated over the last four months -- first by the Pro Football Hall of Fame and now as our newest Ring of Famer -- is very special for us. We congratulate Champ on this well-deserved honor and look forward to celebrating everything he's meant to the Broncos in October."
Bailey becomes the 13th defensive player and second cornerback to be inducted to the Broncos' Ring of Fame.