The Denver Broncos and left tackle Ryan Clady have agreed to a five-year, $52.5 million contract with $33 million guaranteed, ESPN.com's Adam Schefter reported Sunday night.
The extension marks a $1.5 million annual increase from the Broncos' previous offers to Clady, who is the team's designated franchise player. He had rejected Denver's previous long-term contract offers.
In February, the Broncos placed the franchise tag on their star 26-year-old left tackle. Now, it looks like a possible Broncos-Clady agreement could be the only long-term deal for a franchise-tagged player that gets done.
If the two sides did not agree on a long-term deal by Monday’s deadline, Clady would have played out the season on a one-year deal and then become a free agent next offseason. He is coming off a right shoulder injury in 2012 that required offseason surgery. Clady has blossomed into a star during his five seasons with the Broncos and serves as the important blindside protector to quarterback Peyton Manning. He has started all 16 games in each of those seasons, and he has been named to the NFL’s All-Pro team in both 2009 and 2012.