Take that big brother. The Broncos have agreed to terms on a new four-year, $13 million contract with punter Britton Colquitt.

He can make another $1.2 million in incentives. The deal will be signed Monday morning when Colquitt reports to the Broncos’ training camp practice.

Colquitt was scheduled to draw a $1.323 million salary as a restricted free agent this year. The three-year, $11.7 million extension comes to an annual average of $3.9 million that makes him the NFL’s highest paid punter. The previous most-compensated punter was his older brother Dustin Colquitt, who in March received a five-year, $18.75 million extension — $3.75 million a year — from the Kansas City Chiefs.

“I don’t really understand how all that works, but Paul (Sheehy) my agent was saying something about that,” Colquitt said.

So Britton won’t be calling older brother to rub it in?

“No,” Colquitt said laughing. “I definitely feel like he’s deserving of all that he’s received for all that he’s done. I’m just humbled and thankful and blessed that the Broncos like me that much.”

There’s much to like. At 28, Colquitt is not only one of the league’s best young punters. He’s one of the best, period. He not only can boom with the best of them, he is exceptional in height and placement of his punts.

In 2012, Colquitt was third in the NFL with a 42.1 yard net average. He pinned 27 punts inside the 20 against just 4 touchbacks, and he had the second-stingiest return average of 6.2 yards.

He has been the Broncos’ punter since the start of the 2010 season and is already the franchise leader in gross average (46.2) and net (40.2).

Colquitt’s new deal will actually lower his 2013 salary from $1.323 million to $1.275 million but he will receive a $3 million upfront signing bonus, plus a $500,000 roster bonus in March.

The new deal brings security to Colquitt, who is married with a 1-year-old.

“The family is growing fast,” Colquitt said. “It is nice to put down roots down here. It’s a great city. Now we just want to focus on helping our team win a championship or more.”