ESPN’s Adam Schefter reports that the Broncos are trading OT Ryan Clady and a 2016 seventh-round pick to the Jets in return for a 2016 fifth-round selection.
- Albert Breer reports that Clady agreed to adjust his contract as part of this trade.
- Breer adds that the two teams have been working on a potential trade for over a week now.
This comes just a day after the news broke that Jets starting LT D’Brickashaw Ferguson decided to retire from the NFL.
Clady was obviously expendable after the Broncos signed Russell Okung to a contract a few weeks ago, and reports had said that Denver was fielding trade offers for him.
The Jets now have a left tackle and won’t be forced to address an immediate need in this year’s draft.
Clady, 29, has another two years remaining on his five-year, $52.5 million contract that included contains $33 million guaranteed. He stands to make base salaries of $9.5 million in 2016 and another $10 million in 2017.
Clady wound up missing the entire 2015 season, due to a torn ACL, so it will be interesting to see how he looks like this summer with the Jets.
According to OverTheCap.com, trading Clady will free up $8,900,000 in available cap space for the Broncos and create $1.2 million in dead money.
In 2014, Clady appeared in all 16 games for the Broncos and was rated by Pro Football Focus as the No. 41 offensive tackle out of 84 qualifying players.
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