The Denver Broncos have agreed to trade four-time Pro Bowl offensive tackle Ryan Clady and a seventh-round pick in this year’s NFL draft to the New York Jets for a fifth-round selection, league sources told ESPN on Saturday.
Clady arrived at the Jets complex for a physical Friday and has since agreed to a restructured deal with the team, a source said.
The trade is expected to become official in the next day or two.
The Jets had targeted Clady last week after learning of Ferguson’s plans. Talks began to heat up in recent days, but the two sides had to work through contractual issues.
Clady had two years, $ 19.5 million remaining on his previous contract, which he signed in 2013. Terms of his reworked deal with New York weren’t immediately known.
The Jets have close to $ 10 million in cap room after Ferguson’s retirement, some of which will be used for Clady.
The Clady-for-Ferguson swap was swift and dramatic. For 10 years, Ferguson manned left tackle for the Jets and never missed a game. He was one of the few constants for a franchise often in flux, and now he has been replaced.
Clady, 29, is three years younger than Ferguson, but he is injury prone. He has missed 30 of the past 48 games because of foot and knee injuries. Clady tore his ACL on May 28 in offseason workouts, which forced him to watch the Broncos’ entire Super Bowl season from the sideline. He suffered a severe LisFranc injury in Week 3 of the 2013 season, was placed on season-ending injured reserve and missed the Broncos’ run to the Super Bowl.
When healthy, the ultra-athletic Clady (6-foot-6, 315 pounds) is one of the best pass protectors in the league. The most recent of his four Pro Bowl selections came in 2014, and he is a two-time All-Pro selection.
Clady became expendable when the Broncos acquired tackles Russell Okung and Donald Stephenson this offseason. They put Clady on the trading block in hopes of recouping a draft pick while clearing his huge salary from the cap.
The Broncos talked with Clady’s agent about restructuring his contract, but the discussions went nowhere, and the defending Super Bowl champions responded by signing Okung.
ESPN Jets reporter Rich Cimini contributed to this report.