This has been a trade in the making, as Clady arrived at the Jets' camp on Friday, and agreed to a restructured contract with the team on Saturday. It is a one-year deal with a $6 million base salary. $3 million of that is guaranteed, and depending on his playing time, that number could jump up to $7.5 million.
The deal also includes an option for next season that could reach $13 million, but if the Jets do not pick up the option, Clady will become a free agent. The tackle had two years and $19.5 million left on his Denver deal, which was signed in 2013. The trade will not be made official for another day or two.
The Jets made the deal following the shocking retirement of tackle D'Brickashaw Ferguson earlier this week. They were left with $10 million in cap room, which helped lure Clady away from Denver.
The 29-year-old has dealt with a number of injuries in his career, including missing 30 of the past 48 games due to foot and knee injuries. He also tore his ACL in offseason workouts last May, which caused him to miss the entire Super Bowl season. He also missed the Broncos' Super Bowl run in 2013 after suffering a LisFranc injury in week 3.
He has been productive on the field when healthy, getting selected to four Pro Bowls, including one in 2014, as well as a two-time All-Pro selection. A new, fresh start with a new team may be what Clady needs to find the health that keeps him on the field.