Clady (6'6", 315 pounds) saw his five-year, $17.5 million deal that he signed with the team as a rookie in 2008 expire after last season. After five consecutive seasons of 16 starts in which he allowed just 5.2 sacks per season and earned three Pro Bowl selections, Clady is seeking his first big payday.
But the Broncos have been hesitant to give it to Clady, choosing instead to slap their one-year, $9.8 million franchise tag on him. Clady has until the July 15 franchise tag deadline to either agree to a long-term deal with the Broncos or he will be locked in with a one-year deal (alternatively, he could hold out the entire season).
But the Broncos have the cap room to come to terms with Clady on a multi-year deal and John Fox has hinted that "something good" will eventually get done. Clady seemingly echoed those words on Tuesday.
"Can't wait to get back to work," Clady posted on his Facebook page earlier today. "Patience is (a) virtue!"
Clady's teammates will return to Dove Valley on Wednesday, July 24. Training camp will begin the next day, on the 25th.
It remains to be seen if Clady will be there. It sounds like both sides want to get a deal done; only the details have to be worked out now.