Champ Bailey probably took less than market value to stay with the Broncos. The team and its star left cornerback reached an agreement today on a four-year, $43 million contract.
Bailey, who turns 33 in June, took a pay cut to stay. He will make a guaranteed $11 million this season, or $2 million less than the $13 million he made in 2010.
"The commitment and loyalty that Champ has shown to the Broncos, the city of Denver and this region is exemplary," stated John Elway, the Broncos' vice president of football operations, on Twitter.
Bailey also has $4 million of his 2012 money guaranteed for a total guarantee of $15 million.