Matt Prater Signs 4-Year Contract With Denver Broncos

The Denver Broncos and kicker Matt Prater have agreed to a new four-year contract on Monday, just a few weeks away from the start of training camp on July 26. Team vice president John Elway made the announcement first on Twitter:

Happy to announce we have signed kicker Matt Prater to a new four-year deal. ...

— John Elway (@johnelway) July 2, 2012

Financial terms of the deal are not yet known, but it is likely that he will make around $3 million per year, which were the last reported financial terms from the team.

The Broncos had until a July 16 deadline to reach a long-term deal; otherwise, Prater would have played this coming season under the terms of his one-year franchise tender of $2.654 million.

Prater was 19-of-25 on field goals this season, and he came up clutch during the Tebow Time stretch in November and early December. With Peyton Manning under center this year, will we see Prater kick that many high-pressure field goals again?

For more on the Broncos, check out Mile High Report. For more news and notes around the league as we approach the start of training camps, head over to SB Nation NFL.