The Broncos have indeed traded tackle Ryan Clady to the Jets. And Clady has traded in his Denver contract for a new deal in New York.
Per a source with knowledge of the contract, Clady will make $6 million in 2016. Of that amount, $3 million is guaranteed. Another $1.5 million is available in incentives based on playing time and postseason honors.
The Jets hold an option for 2017 at $10 million. The amount of the 2017 salary can increase to $13 million based on 2016 playing time. There’s also a bonus of $2.5 million due in February 2017, forcing the Jets to make a quick decision on whether they’ll keep Clady for the second year.
Clady was due to make $19.5 million over the next two years in Denver, with no guaranteed money. He now has a maximum value of $20.5 million, $3 million of which is guaranteed.
In contrast, new Broncos left tackle Russell Okung, who was viewed as the top left tackle in free agency this year, has no guarantees on a deal that pays out at most $5 million for one year with a team-held option for the next four.