The Denver Broncos hammered out a three-year contract extension with punter Britton Colquitt today, the team announced.
Colquitt signed a $13 million maximum value contract that includes a $3.9 million average annually, according to the Denver Post.
Colquitt was entering a $1.323 million restricted free agent tender year.
Colquitt's contract exceeds the annual average of his older brother, Kansas City Chiefs punter Dustin Colquitt, who's signed to a five-year, $18.75 million contract that averages $3.75 million.
Colquitt (6-3, 205 pounds) is a fifth-year player and the franchise leader in career gross (46.1) and net (39.5) punting average. In 48 regular-season games, he has punted 254 times for 11,717 yards (46.1 avg.) with 79 placed inside the 20-yard line and just 18 touchbacks. He has played in three postseason contests, punting 16 times for 680 yards (42.5 gross / 39.4 net) with five kicks placed inside the 20 and zero touchbacks.
He broke his own franchise record with a 42.1 net punting average in 2012 that ranked third in the NFL, while placing second in the league holding opponents to a 6.0-yard return average. In 2011, Colquitt established single-season Broncos records in both gross (47.4) and net (40.2) punting average.
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Aaron Wilson covers the Ravens for The Baltimore Sun.