The New Orleans Saints announced Friday that they have agreed to terms with former Broncos cornerback Champ Bailey on a two-year contract.
The deal is worth as much as $7 million, and he will compete with Keenan Lewis for the starting cornerback job, according to ESPN.
The announcement was made by Saints' Executive Vice President/General Manager Mickey Loomis.
"We are excited to be able to add a future Hall of Fame player with the addition of Champ Bailey," said Loomis. "His career accomplishments mirror that of his high character and he’s a very prideful and competitive player who we believe will add to our defense. Having spent time with him recently and in our discussions with him, I know that he’s thrilled to be joining the New Orleans Saints and starting a new chapter in his professional life."
The Broncos released Bailey earlier this offseason because of a high price tag and declining production. But the 12-time Pro Bowler is said to be healthy after being plagued by a foot injury last season, ESPN NFL Insider Adam Schefter reported.
Bailey, 35, is a 15-year NFL veteran and member of the 2000’s NFL All-Decade Team. He was originally selected by the Washington Redskins with the seventh overall pick in the 1999 NFL Draft out of the University of Georgia. After spending his first five seasons in Washington, Bailey was traded to the Denver Broncos in 2004 where he played the last 10 seasons.
In 2013, the 6-foot 192-pounder appeared in five regular season games with three starts for the Broncos as he missed 11 games with a foot injury. He posted 14 tackles (12 solo) and three passes defensed. He appeared in all three postseason games for Denver with two starts, including Super Bowl XLVII and recorded 11 solo tackles.
It was his first Super Bowl in his career.
Overall, Bailey has appeared in 215 career regular season games with 212 starts, totaling 983 tackles (837 solo), 52 interceptions, 235 passes defensed, three sacks, nine forced fumbles and five fumble recoveries.
His 52 interceptions represent the most among active NFL cornerbacks and his 204 passes defensed lead all active players. He has also started 10-of-11 career postseason games, recording 34 tackles (30 solo), two interception returns for 105 yards and 10 passes defensed.
Bailey’s 12 career Pro Bowl selections trail only Pro Football Hall of Fame defensive end Reggie White (13) among defensive players in NFL history and tie for the sixth most overall.
A presence off the field throughout his career, Bailey was a two-time recipient of Denver’s Walter Payton NFL Man of the Year Award (2008-09).