Report: Russell Okung signs a five-year deal with the Broncos

According to ESPN's Josina Anderson, free agent left tackle Russell Okung is close to signing a five-year deal worth $10,6 million dollars per year.

Sources tell me that OT Russell Okung is close to finalizing a 5-year deal with the Denver #Broncos worth $10.6M per year.

— Josina Anderson (@JosinaAnderson) March 17, 2016

Heading into the offseason General Manager John Elway said he planned on upgrading the Broncos offensive line this offseason, and after a week of free agency he has done so.

"Obviously that’s an area where we need to get better. That’s going to be a focal point for us this year as we go into free agency as well as the draft. Ty Sambrailo] will come back and we think he’s going to come back and be healthy and he’ll be fine

First, he signed former Kansas City Chiefs offensive tackle Donald Stephenson who is expected to be the Broncos right tackle next season. Today the Broncos signed left tackle Russell Okung to a five-year deal to protect the starting quarterback's blindside next season.

Okung entered free agency without an agent representing him, so Okung himself negotiated with teams and with John Elway and the Denver Broncos. He obviously did a good job to come away with a five-year, $10.6 million dollars.

Okung met with the Giants, Steelers, 49ers and Lions before meeting and signing with the Denver Broncos today.

With Okung signing, the Broncos are looking to trade former starting left tackle Ryan Clady. If they cannot find a deal they like, they will likely just part ways with the veteran left tackle.

The Broncos offensive line looks much better than the one that took the field during Super Bowl 50.

Update:

Some contract details from CBS's Jason La Canfora.

Russell Okung's deal with Denver is essentially 2 contracts in one. He gets $5M guaranteed for 2016 w/chance to make up to $8M in incentives

— Jason La Canfora (@JasonLaCanfora) March 17, 2016

Then Denver has a window after the season to opt to pick up an option for a 4yr deal (2017-2020) worth $12M/year w/$20.5M guaranteed...

— Jason La Canfora (@JasonLaCanfora) March 17, 2016