The Broncos had until March 9 to pick up Okung’s $1 million team option. Had they exercised his option, they would have added four years at $48 million with $21 million guaranteed to his contract.
Okung elected to not hire an agent last year and negotiated his own contract that came under a lot of criticism from people around the league.
The left tackle market is very limited, which is obviously great news for Okung and could help his chances of securing a decent contract.
Okung, 28, is a former first-round pick of the Seahawks back in 2010. After six years in Seattle, Okung signed a one-year, $5 million contract that included a team option with the Broncos in March of last year.
In 2016, Okung appeared in all 16 games for the Broncos and was rated by Pro Football Focus as the No. 38 offensive tackle out of 78 qualifying players.
We have him featured in our Top 100 – 2017 Free Agents list.