Broncos CB Bailey is still waiting for contract extension

The Denver Broncos cornerback Champ Bailey is now in his final year of his current contract with the team. The seven-year, $63 million contract is to expire following the 2010 season, so it’s reasonable for the 32-year-old cornerback to worry about the contract extension.

"Are we disappointed the Broncos have not approached us about a contract extension? Obviously, we are," Bailey's agent Jack Reale told the Post. "A player of Champ's caliber deserves to have the option of an extended contract. This is a guy who essentially was a six-time Pro Bowler [if not for an injury in 2008] in his six years there."

However, the Broncos do not seem likely to give the extension in near future. After all, Bailey is turning 32 years old and the team is still unsure whether he can perform well in the 2010 season, let alone the following seasons. Even if Bailey threatened that he was going to put on New Orleans Saints jersey, the team will not mind much. If they do have to trade Bailey to the Saints, I guess they would be glad to ask for a younger cornerback in return.