Elway: Champ Bailey is an “important priority”

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On Wednesday, we passed along a report that cornerback Champ Bailey’s house is for sale in Denver.

On Thursday, Broncos executive John Elway responded.  In a series of tweets, Elway said Bailey was important to bring back.

“We’ve been working with Champ Bailey’s representative this week on a new contract, which is an important priority for us,” Elway wrote.  “Our conversations have been constructive, and we’ll continue those talks in the hopes that we can reach an agreement. Champ’s an elite player who means a great deal to our entire organization and our fans. We want Champ to finish his Hall of Fame career as a Denver Bronco.”

Bailey and the Broncos were close at one point to a four-year, $40 million extension, according to the Denver Post.   Bailey reportedly felt the team’s latest offer didn’t offer him “security” beyond the first year of the deal.

Elway’s tenure in Denver is based around transparency, so we take him at his word here.   At this point, the team has positioned things in such a way it will be viewed as a failure if Bailey leaves.

It sure sounds like Bailey is going to get a huge offer from the Broncos before a possible work stoppage, which would be very popular with Broncos ticket buyers.