John Elway says the Denver Broncos are trying to re-sign perennial Pro Bowl cornerback Champ Bailey four months after the team withdrew an extension offer he was about to sign. In a series of tweets Thursday, the Broncos chief of football operations said the team is engaged in constructive conversations with Bailey's representatives about keeping the 32-year-old star in orange and blue. The Broncos are not planning to use their franchise tag on Bailey because that would cost them about $15 million in guaranteed salary next season. If they don't sign him to a new deal, Bailey would become an unrestricted free agent when a new collective bargaining agreement is hashed out. Bailey just completed his seven-year, $63 million contract with a 10th Pro Bowl berth, a record for cornerbacks. Read more: http://sports.espn.go.com/nfl/news/story?id=6132897
