In 2004, the Denver Broncos traded running back Clinton Portis to the Washington Redskins in exchange for All-Pro cornerback Champ Bailey. On March 5, 2014, 10 years and one day after making the trade, the Broncos informed Bailey that he would not be resigned with the team. He is widely considered as a future Hall of Famer and will become a free agent for the first time in his NFL career.
Bailey played eight games in the regular and post season suffering from multiple injuries in this year’s run to the Super Bowl. The veteran corner was not offered a pay cut or change his position to safety in order to remain with the team.
By releasing Bailey, the Denver Broncos will save $10 million to spend on free agents or resign players. The Broncos secondary could be in for a major overhaul as Chris Harris Jr. is a restricted free agent while Dominique Rodgers-Cromartie and Mike Adams are unrestricted. The record-setting offense could potentially lose Eric Decker, Knowshon Moreno and Zane Beadles when the free agent market opens on March 11.
Champ Bailey has become a household name in the Mile High City. Number 24 was a favorite amongst Broncos Country and will be remembered as one of the best Broncos defensive backs in the history of the franchise. The 36-year-old insisted after the Super Bowl that no matter what happened, his career is not over.