Report: Denver Broncos' five-year, $50 million contract extension not enough for Ryan Clady

Ryan Clady will reportedly not accept the Broncos' five-year, $50 million contract extension. (Harry How/Getty Images)

The Denver Broncos have offered Ryan Clady a five-year contract extension worth $50 million, but the left tackle will reportedly seek a more lucrative offer on par with the extension Cleveland Browns left tackle Joe Thomas inked last summer, which pays him $11.5 million per year, according to a report Sunday evening from Mike Klis of The Denver Post:

[T]he league source said Clady and his agent, Pat Dye, are seeking a deal that would slightly exceed the contract of Cleveland Browns left tackle Joe Thomas...

A reported $28 million is guaranteed in the five-year extension for Clady. If he doesn't re-sign, he would become a free agent at the end of next season and the Broncos could place a franchise-tag on him for $9.3 million.

Thomas is currently the richest left tackle in the league. Clady, whose $3.5 million salary next season makes him the 31st richest offensive tackle in the league, would become one of the five highest paid offensive tackles in the NFL if he were to accept the current contract extension being offered to him by the Broncos.