4:24pm: The Broncos have officially announced the signing.
4:17pm: Okung’s deal with Denver is essentially two contracts in one, Jason La Canfora of CBSSports.com tweets. For 2016, he’ll get $5MM guaranteed in 2016 with a chance to make up to $8MM in incentives. Then, after that (link), Denver has a window after the season in which they can pick up an option for a four-year deal worth $12MM per year with $20.5MM guaranteed.
Overall, the deal can be worth up to $10.6MM per year if he can stay healthy, La Canfora tweets. He adds that Okung also had a one-year offer on the table from the Lions.
The Seahawks did not have an offer out to Okung at the end of his negotiations, Bob Condotta of The Seattle Times tweets.
3:13pm: Teams are interested in a deal for Clady, Mike Garafolo of FOX Sports tweets.
3:03pm: The Broncos have reached agreement on a deal with Russell Okung, according to Josina Anderson of ESPN.com (on Twitter). The two sides are finalizing a five-year pact that will pay the standout tackle $10.6MM per year. The deal could pay up to $12MM/year, according to Ian Rapoport of NFL.com (on Twitter).
Recently, it was reported that Okung had offers in hand from the Steelers, Lions, and Giants. When the Steelers agreed to sign Ryan Harris, that trimmed down the veteran’s market somewhat. However, that signing left the Broncos with a little extra cash and a desire to reinforce their offensive line, leading them to the Okung deal today.
As Adam Schefter of ESPN.com (on Twitter) notes, the signing of Okung could allow the Broncos to trade fellow tackle Ryan Clady. The team has been attempting to negotiate a pay cut with Clady, who missed the entire 2015 campaign due to injury. Now, Denver can conceivably roll with Okung and rid themselves of Clady’s deal, while taking back something in the way of compensation.
The 28-year-old had two interesting wrinkles to his free agency situation. One is that Okung underwent surgery on his injured shoulder in January. The tackle was also representing himself, which is rather rare in the NFL. Okung’s decision to act as his own agent hampered him in at least one regard as he was barred from talking to every team except for the Seahawks during the legal tampering period. At the end of the day, however, he has scored himself a sizable deal.
The advanced metrics at Pro Football Focus (subscription required) rated Okung as the No. 31 tackle in the NFL last year with an overall grade of 72.1.
Photo courtesy of USA Today Sports Images.