Broncos P Britton Colquitt signs RFA tender
Since being given the tender in early May by the Denver Broncos, Britton Colquitt failed to draw interest from other teams on the open market. With the deadline for other teams to make offer sheet to restricted free agents come and gone, Britton Colquitt had only two options here on – either sign the tender or hold out to all offseason team activities in hopes of landing a long-term contract. Offensive tackle Ryan Clady, who earlier received the franchise tag from the Denver Broncos, has yet to sign his tender and remained absent from team offseason programs in hopes of elevating his position for a multi-year deal.
However, Britton Colquitt opted to sign his $1.323 million one-year tender to return for his fifth season with the Denver Broncos.
The Denver Broncos were initially expected to give Britton Colquitt a second-round tender worth $2.023 million, but they made a slight gamble by slapping a low, right-of-first-refusal tender him. This meant while the Denver Broncos maintained the right to match any potential offer sheet made by other teams, they would not have received a compensatory draft pick if Britton Colquitt was whisked away by one of the teams. However, the gamble paid off for the Denver Broncos as they not only retained the standout punter, but also saved themselves $700,000 that would have added up to the deal in case of a second-round tender.
Britton Colquitt is the fifth Denver Broncos restricted free agent to sign his tender, following offensive tackle Chris Clark, running back Lance Ball, defensive tackle Mitch Unrein and cornerback Tony Carter who made similar moves earlier this month.
The Denver Broncos still hope to sign Britton Colquitt to a long-term contract before the 2013 training camp in July. If a long-term contract is still not reached, the current deal still gives Britton Colquitt something to aim for as he becomes an unrestricted free agent at the end of next season.
The 28-year-old Britton Colquitt leads the Denver Broncos in career gross (46.1) and net (39.5) punting averages. Last season, Britton Colquitt ranked third in the league and broke his own franchise record in net punting with a 42.1-yard average, and also finished second in the NFL holding opponents to an average of 6.0 yards per return.
Signed as an undrafted free agent in 2009 by the Denver Broncos, the former UT product Britton Colquitt spent one week on the Miami Dolphins’ practice squad as a rookie before returning to the Broncos’ active roster for the regular-season finale. The 6-3, 205-pound Britton Colquitt appeared in 48 career games for the Denver Broncos.