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Matt Prater Contract: Broncos Kicker Signs For $13 Million With $3 Million Bonus

Denver Broncos kicker Matt Prater has a brand-new contract on Monday afternoon, and it appears that he got everything he wanted out of a long-term extension. His new contract was originally reported as being four years long. The monetary value of the deal is now known to be at $13 million with a $3 million signing bonus, according to Jeff Legwold of the Denver Post.

Prater will now make over $3 million a year and play half of his games in Sports Authority Field, certainly a good place for any kicker. In 2011, Prater was 10-of-12 at Mile High, missing on an attempt in the 20-29 range and at 50-plus. All four of his 40-49 range misses came on the road, finishing 3-of-7 there. He could certainly stand to improve there, but with Peyton Manning, the Broncos should be able to move ball down the field more effectively than when Tim Tebow was under center.

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.

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