Champ Bailey: What Does Bailey's Extension Mean for the Bills' Draft?

Lee NoeContributor IIFebruary 22, 2011

DENVER - SEPTEMBER 26:  Cornerback Champ Bailey #24 of the Denver Broncos walks back onto the field against the Indianapolis Colts during NFL action at INVESCO Field at Mile High on September 26, 2010 in Denver, Colorado.  (Photo by Justin Edmonds/Getty Images)
Justin Edmonds/Getty Images

Big news out of Denver, as it is being reported that Champ Bailey has been inked to a four-year contract extension with the Denver Broncos. While it was widely speculated that Bailey would test the free-agent waters, last week's news that the Broncos are leaning towards Da'Quan Bowers should have been the first indication of this deal.

Being touted as the best cornerback prospect in the past decade, Patrick Peterson would have made plenty of sense for the Broncos with the second overall selection in this April's NFL Draft. Yet head coach John Fox has stated that a switch back to the 4-3 defense will happen over the course of next season. This switch caused rumors that the Broncos would end up taking either Bowers or Nick Fairley with their first pick.

Now what does the mean for the Buffalo Bills? 

It means that Peterson will be available with the third overall selection, without a doubt. However, it appears that both Fairley and/or Bowers will be off the board. This would mean that both of the "no-brainer" defensive line prospects are off the board, leaving only a few seemingly level-headed options at their current slot. These players would include:

Patrick Peterson, CB, LSU

Von Miller, 3-4 OLB, Texas A&M

A.J. Green, WR, Georgia

Marcell Dareus, 3-4 DE, Alabama

Cam Newton, QB, Auburn

While these players may have been in the list all along, they seem to be solidified with the news of Bailey's deal. Now, whether or not these five prospects remain options for the Bills over the next two months is just something we'll have to keep on monitoring.