The Broncos have officially placed a non-exclusive franchise tag on left tackle Ryan Clady.

The tag gives Clady a $9.828 million salary for the 2013 season — nearly triple the $3.5 million salary he earned in 2012. However, the tag also drastically restricts Clady from enjoying the bidding fruits of free agency. Teams can still bid on Clady's services, but the Broncos would have the right to match any offer. If the Broncos decline to match the offer, they would get two, first round draft picks in return from the team that would sign him.

These restrictions are so prohibitive teams almost never bother to pursue franchise-tagged free agents.