The restructured deal comes in place just one day before the final week of organized team activities.
It wasn't the longer-term deal Harris wanted, but it keeps him in the fold for another year, and he could parlay it into the big payday he is looking for when he becomes a free agent after this season.
Mike Klis is reporting that the deal is worth $12.05 million, which is a significant increase from the $8.9 million he was due this year. If the Broncos don't plan to re-sign Harris next spring, this season will mark the CB's final season in Denver.
"We have a lot of respect for Chris as a player and for everything he's meant to our organization", Elway said. He is a four-time Pro Bowl selection and was named first-team All-Pro in 2016. While the future with Chris Harris Jr.is still in question after this upcoming season, it is promising that at least the team will have their shutdown corner on the roster for the 2019 season.
The team says Harris is the only National Football League player with multiple interceptions in each season since 2012. He posted 49 tackles with three interceptions and 10 passes defensed last season, which was only 12 games for him.
"Sometimes when you first get here they tell you that you play and you play well, they'll take care of you if you do all of the rights".
The Broncos will finish OTAs this week before wrapping up the offseason program with next week's mandatory veteran minicamp. His new salary will likely top $11 million, which is what new defensive back Kareem Jackson averages on his three-year deal with the Broncos.