The Denver Broncos made it to the Super Bowl this past year without All-Pro cornerback Champ Bailey most of the year. Even when he returned to the field after a multitude of injuries, it was clear he was just a shell of himself, and Denver could no longer afford to pay him like an elite CB.
Bailey did finally get a visit setup with the Saints this week, and now they've reportedly signed him to a 2-year contract:
Future Hall of Fame DB Champ Bailey will be signing with a team today. Met with the Saints earlier this week— Jason La Canfora (@JasonLaCanfora) April 4, 2014
Bailey was able to play just 333 snaps last year, mostly due to a foot injury suffered in the preseason. At age 35 with 15 NFL seasons behind him, he's probably not worth a contract worth more than a few million and no guaranteed money beyond this season.