According to the Denver Post, the Broncos have improved their five-year, $50 million offer from last year.
The proposal would make Clady either the NFL’s second-highest paid offensive lineman to Cleveland Browns left tackle Joe Thomas or third-highest depending on how one views Jason Peters’ contract with the Philadelphia Eagles.
The players union says Peters’ extension is worth $12.5 million a year. But because that was tacked on to two years of an existing contract, management considers his deal worth about $10 million a year.
Clady rejected the Broncos’ $10 million a year offer prior to the 2012 training camp and played last season on a $3.5 million salary.
The Broncos and Clady are working hard to get a deal done this week. If they can’t come to an agreement by July 15th, he’ll be forced to play out this season under the franchise tag.