Sometimes players spend their entire careers with one team. Sometimes they are lucky enough that they win a championship and ride off into the sunset as a legend. (John Elway, anyone?)
After having 10 INTs in 2006, Bailey has only managed seven in the last three seasons, including a career low one pick in 2008. Yes, part of his decline is that he's limited in the number of passes thrown his way, however, if you look at his performance the past two seasons it's obvious he's lost a step.
He's still worth a first round selection to a team in the hunt for a championship, however, a rebuilding franchise wouldn't be interested in an aging corner with a steep cap number.
I think it would make sense for a team like the Colts or Patriots to trade their first round selection for Bailey. Both need help in the secondary and both are legitimate contenders for a ring which is what Champ wants.
Either that or a trade for a young corner and first or second round pick wouldn't be out of the question. The Broncos should, however, in my opinion, try to see what kind of market there is for Bailey this offseason.
Side Note: A Blockbuster Trade I'd Be Happy With
The Broncos trade (Champ Bailey/Brandon Marshall/third round pick) to the Seattle Seahawks for (Max Unger/Lofa Tatupu/Josh Wilson/second round pick).
It would essentially be trading Marshall for Unger/Tatupu and Bailey for Wilson/second round pick; the Broncos' third round pick is thrown in to make the Seahawks bite.
This trade would let Seattle keep both their first round selections and free up the Broncos to draft a player such as G Mike Iupati or NT Dan Williams in the first round. Acquiring both Unger and Iupati in one offseason would provide a huge talent boost to our offensive line for years to come.