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The contract stalemate between the Denver Broncos and kicker Matt Prater has come to an end Monday with Broncos' VP John Elway tweeting that the Broncos and Prater came to terms on a 4-year contract.
Happy to announce we have signed kicker Matt Prater to a new four-year deal. ...
— John Elway (@johnelway) July 2, 2012
Elway went on to say that the Prater signing is the 'final piec' in setting up the Broncos roster for Training Camp that begins later this month.
Four of the eight Broncos victories in 2011 came on Prater field goals, and two of his overtime kicks(52 yds. at Miami and 51 yds. vs. Chicago) tie for the third and fifth-longest overtime field goals in NFL history. Prater also kicked a 59-yard field goal against the Bears to send the game to OT.
Prater converted 19-of-25 field goals and all 30 extra point attempts last season. He led the team with 87 total points and finished first in the NFL with his 70.1 touchback percentage on kickoffs.
"It's something I've been working for since I was a little kid," Prater said. "I'm super excited and very thankful to Mr. Bowlen, Mr. Elway, and the entire organization."
The Broncos had placed their Franchise Tag on Prater, but he had yet to sign it, effectively holding out.