With less than five hours for Demaryius Thomas and the Broncos to finalize a long-term extension, the odds of the two sides reaching an agreement don’t look great. We’ll round up Wednesday’s updates on Thomas in this space, with any additional news and rumors added to the top of the page throughout the day. Here’s the latest:
- If the Broncos and Thomas are able to make a last-minute deal, expect it to be bigger than the five-year, $70MM deal Dez Bryant got from the Cowboys, tweets Mike Klis of 9News. Ian Rapoport of NFL.com tweets that Thomas and the Broncos are talking, though they don’t have much time left.
- According to Albert Breer of the NFL Network (Twitter links), the Broncos have adjusted their offer to Thomas four times, but the last adjustment came over a month ago. That proposal, which is still on the table, was strong on guarantees but fell short of the per-year salary Thomas is seeking.
- A source tells Pro Football Talk (Twitter link) that the Broncos had been under the impression that Thomas would take the best deal on the table today. Now, the team isn’t so sure about that.
- As of 9:00am MDT, there had been no communication today between the Broncos and Thomas’ agent, Todd France, tweets Mike Klis of 9News. As Klis adds in a second tweet, if the two sides were intent on making a deal, they’d probably have to start hammering out specific details and language by now.
- Earlier today, Jason Cole of Bleacher Report indicated that the Broncos are unlikely to budge from their current offer, which is in the neighborhood of $13MM per year.
- We also heard that the standout receiver is expected to skip training camp and the preseason if he doesn’t land a new deal today. Because he has yet to sign his franchise tender, Thomas wouldn’t be subject to fines for his absence. Within that same story, we passed along word from Troy Renck of the Denver Post that multiple agents believe Denver has offered Thomas more than $40MM guaranteed, though it’s not clear if that amount is fully guaranteed.