Darlington: Mile High expectations
NFL.com's Albert Breer reported Sunday evening that Clady has agreed to a five-year contract worth $52.5 million in base salary and $33 million guaranteed, according to a source with knowledge of the situation. The contract can max out at $57.5 million.
The Broncos later confirmed the agreement, which first was reported by ESPN's Adam Schefter. Monday represents the league deadline for getting a long-term deal done with a player under the franchise tag, as Clady was.
As previously reported by Breer, Clady will receive $33 million in guaranteed money in the first three years of the deal. The guaranteed money in that time frame easily bests the contracts of Jake Long ($12 million) and Duane Brown ($22 million). Only Joe Thomas, who got $40 million in his first three years with the Cleveland Browns, bests Clady.
Clady told ESPN's Josina Anderson that "it was pretty hard to pass up $33 million guaranteed. That is pretty solid. The structure is a lot better from last summer."
Per Breer, Clady's deal will jump to $57.5 million in total if he is named to the All-Pro team twice during the life of the contract. He already is a three-time All-Pro. If he maxes out the contract, it will make him the third-highest paid lineman in the game behind Thomas and Jason Peters.
The escalator works in two tiers -- the first for making All-Pro once, the second for earning the honor again. Clady gets $500,000 for each remaining year after he makes All-Pro once and $1.5 million for each remaining year if he makes it twice. The escalator maxes out at $5 million.
Negotiations moved quickly after picking up last week. Ultimately, both sides compromised, with the Broncos offering more guaranteed money, while Clady reduced his annual and total value requests.