The franchise tag will run the Broncos $9.82 million for the 2013 season.
The Broncos made it known publicly that they were going to use the designation on Clady a few weeks ago, so this doesn’t come as much of a surprise.
Talks between the two sides have reportedly be non-existent in recent days, but that could obviously change in the next few months.
Clady is believed to be targeting similar contract to that of Joe Thomas, who received an eight year deal worth $92 million and included $44 million guaranteed.
We have Clady listed as the No. 2 best available player in our Top 50 Free Agents list.