Denver Broncos re-sign Champ Bailey

The Denver Broncos weren't going to let Champ Bailey test the free agent market and today they signed the Pro Bowl cornerback to a four-year deal.

John Elway, the Broncos' new chief of football operations, announced the move on Twitter.

Bailey, who turns 33 in June, will reportedly make between $43 million and $47 million over the next four years. The deal makes Bailey the second highest paid cornerback behind New York Jets Darrelle Revis.

Last season, the Broncos ranked near the bottom of the league in most defensive categories.