Filed under: Broncos, AFC West
Champ Bailey has re-signed with the Denver Broncos and the 10-time Pro Bowl cornerback wasn't thinking twice about passing up the chance for more money by forgoing his pending free agency."One thing I've learned is that the grass is not always greener," Bailey told reporters in a conference call Tuesday.
Bailey, 32, agreed to a four-year contract worth about $43 million that is the richest deal ever for a cornerback above 30 years old, according to the Denver Post. It includes $11 million guaranteed in 2011.
Still, that's $2 million less than he made last season and well off the premium paid to other elite players at the position, including Jets cornerback Darrelle Revis' league-leading annual salary of $15 million.
Bailey said the NFL's labor uncertainty had an impact on his decision. If the sides fail to reach a new collective bargaining agreement by March 3, there is a strong likelihood the players could be locked out by owners who are seeking a more favorable split of the league revenues with the players. There are concerns the dispute could put the 2011 season in the jeopardy.
"A lot of players really don't get a chance to test the market when you know that people are going to want you somewhere," Bailey said. "But, there is no certainty once March 4 rolls around. That played a role in my decision -- to make sure something got done.
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Source: http://nfl.fanhouse.com/2011/02/23/champ-bailey-will-return-to-broncos-with-history-making-contract/
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