The Denver Broncos have reached out to Pro Bowl cornerback Champ Bailey to resume contract talks, but with those discussions leading to original terms, the 32-year-old NFL veteran appears to be sending signs that he’s not intending to stay in Denver at this time.
"I am putting my Littleton, (CO) house up for sale. It will be officially listed within the next few days,” said Bailey to in a phone conversation Wednesday morning.
While Bailey didn’t say his move to place his home on the market in the near future is a reactionary to the status of talks with the team, he made it clear that his place, “is already up for sale in my mind.”
However, sources emphasized that if more palatable terms come to pass amounting to more than an aggregate of several one-year options, Bailey could possibly be persuaded to change his current plans.
Initial contract talks between Bailey, a 10-time Pro Bowler, and the Broncos came to an abrupt halt in October as the two sides were discussing a four-year extension worth in excess of $40 million.
As of two weeks before the Super Bowl Bailey’s agent, Jack Reale, directly relayed that he hadn’t talked to the organization’s brass by that time, saying, “there has been no contact from the Broncos since before the season started.”
Although discussions between both parties recently resumed since then, the indication now is that the Broncos haven’t budged from their initial financial position.
“The Broncos' negotiating posture has not changed in any respect from the offer that was made back in October which provided only limited guarantees,” said a source close to talks between the Broncos and Bailey’s representatives.
“The money represents nothing more than a commitment to the player for just the upcoming season only, which Bailey would be highly unlikely to accept in its current form on the brink of free agency (and) given the lack of security provided beyond the first year of the contract."
Bailey is at the end of his seven-year, $63 million contract and he is eligible for unrestricted free agency once the NFL and the players union agree on a new collective bargaining agreement.