Matt Prater, Broncos Getting Close To 5-Year Contract

Earlier in the offseason the Denver Broncos used the franchise tag on kicker Matt Prater, which would guarantee him a $2.6 million contract for the 2012 season. According to a report from the Denver Post, Prater and the Broncos are nearing an agreement on a contract.

Per the report, it's a five-year contract.

The two sides have been negotiating a deal and enough progress has been made for the Broncos to believe something will be finalized soon, the Post reports:

However, Prater and the Broncos have been working on a five-year contract extension that figures to average more than $3 million per. The two sides made enough progress last week for the Broncos to believe a settlement could be reached in time for the team's mandatory minicamp, which will be held next week.

For more on Matt Prater and the Denver Broncos, visit SB Nation's Broncos blog Mile High Report as well as SB Nation Denver.

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