Report: Broncos trade offensive tackle Ryan Clady to the New York Jets

According to ESPN's Adam Schefter, the Denver Broncos traded tackle Ryan Clady and a 7th round pick to the New York Jets for a 5th round pick.

Denver has agreed to trade four-time Pro-Bowl OT Ryan Clady and a 7th-round pick to the Jets for a 5th-round pick, league sources told ESPN.

— Adam Schefter (@AdamSchefter) April 9, 2016

The Broncos were looking to trade Ryan Clady after they signed offensive tackle Russell Okung to a free agent deal earlier this offseason.

The Jets entered the market for a left tackle on Friday when their longtime starting left tackle D’Brickashaw Ferguson announced his retirement from the league. Many connected the dots on this potential trade, and it took about 24 hours for Clady to land with the Jets.

The Broncos will receive the Jets 5th round pick(#157) in return for Clady and the Broncos 7th round pick(#235)

Here is the updated draft order for the Broncos:

• Round 1: Pick 31
• Round 2: Pick 63
• Round 3: Pick 94
• Round 3: Pick 98 (compensatory)
• Round 4: Pick 136 (compensatory)
• Round 5: Pick 144 (from Baltimore in Gino Gradkowski trade)
• Round 5: Pick 157 (from Jets in Ryan Clady trade)
• Round 6: Pick 219 (compensatory)
• Round 7: Pick 228 (from San Francisco in Vernon Davis trade)
• Round 7: Pick 253

This trade clears about $8.9 million dollars according to Over The Cap and gives the Broncos around $10 million of actual cap space now.

Broncos, who were up against the cap, deal Ryan Clady to the Jets, who needed a tackle, and Denver frees up some much needed money

— James Palmer (@JamesPalmerTV) April 9, 2016

The Broncos needed to clear cap space for their upcoming draft class, and possibly for that certain 49ers quarterback we have writing and talking about for the past month.

This also gives the Broncos some extra ammo to possibly trade to the 49ers for quarterback Colin Kaepernick, or possibly to trade up for a quarterback Paxton Lynch in the 2016 NFL Draft.