Broncos, Bailey Resume Contract Talks

Contract negotiations have resumed between the Denver Broncos and All-Pro cornerback Champ Bailey.  Bailey, who recently completed his seven-year, $63 million contract with the Broncos, finished the 2010 season with his tenth Pro Bowl selection, a record among cornerbacks in the NFL.

Talks of a four-year extension worth more the $40 million was taken off the table earlier in the season.  Bailey, 32, made 45 tackles and had two interceptions for the Broncos in 2010.  If a new deal is not completed, Bailey will be eligible for unrestricted free agency once the NFL and the players union reach a new collective bargaining agreement.  In addition, it is unlikely the Broncos will use their franchise tag on Bailey, because it would cost them $15 million next year to do so.

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