"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.