Contract details have officially been announced for the recent agreement between the Denver Broncos and free agent cornerback Champ Bailey.
According to Mike Klis of the Denver Post, the contract is a four-year deal valued at $43 million.
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.
Bailey will now be a member of the Denver Broncos and will help new head coach John Fox revamp a defense that has proved extremely porous the last few seasons. He should receive help from All-Star defensive end Elvis Dumervil, who should return at full strength after missing last season with a torn pectoral.
Bailey is a 10-time Pro Bowl selection, has 48 career interceptions, and is on track to be a first ballot Hall of Fame selection once his career is over, a career that should now continue in Denver.