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OT Ryan Clady Signs Five-Year Extension with Broncos

Harry How/Getty Images(DENVER) --  The Denver Broncos have signed left tackle Ryan Clady to a five-year contract with a base salary of $52.5 million with $33 million guaranteed.

Clady was facing a Monday deadline for franchise players to accept long-term deals. Had he not signed by Monday, he would have played under a one-year, $9.823 million deal because of the franchise tag.

"It was pretty hard to pass up $33 million guaranteed," Clady said on Sunday. "That is pretty solid. The structure is a lot better from last summer."

"Overall, I'm happy to be a Bronco long term. This is a big year for myself and the team. I'm excited to see the outcome. There are a lot of expectations."

The 26-year-old Clady is recovering from offseason surgery and is expected to miss the start of training camp.  If all goes well, he will be ready to protect Peyton Manning's blindside by the season opener.

Clady is a three-time Pro Bowler and was named a First-Team All-Pro in 2012.

Copyright 2013 ABC News Radio

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