- Mike Florio of Pro Football Talk is also reporting that it’s “not likely” that the Broncos and Thomas will work out a new contract before the deadline.
Sources tell Cole that while there’s a remote chance that the two parties could work something out, it’s still considered unlikely at this point in time.
According to Cole, the Broncos aren’t aware close to offering Thomas the kind of money he’s seeking in a long-term agreement.
To make matters even more confusing, the NFLPA is looking into a collusion case involving the Broncos and Cowboys as it relates to their negotiations with Thomas and fellow franchise WR Dez Bryant.
The issue from the NFLPA’s perspective is that the offers being made to Thomas and Bryant haven’t come close to Calvin Johnson‘s record contract.
Thomas, 27, stands to make a base salary of $12.82 million guaranteed for the 2015 season under the franchise tag.
In 2014, Thomas caught 111 passes for 1,619 yards receiving and 11 touchdowns over the course of 16 games. Pro Football Focus has him rated as the No. 5 receiver in the league out of 110 qualifying players.