Broncos president John Elway tells Cole that he’s hoping to get an agreement in place with Sanders before the start of the 2016 season. However, one issue in negotiations, according to Cole, is that there’s still a big gap in terms of guaranteed money to be bridged.
Even so, Denver is reportedly hoping to sell Sanders on the fact that he’ll be 30 years old when he test the open market. Beyond that, there is expected to be a number of available receivers, which could impact the kind of contract he ultimately gets.
Previous reports have said that the Broncos have been reluctant to offer Sanders $10 million a year in a new deal because he has been operating as their No. 2 receiver.
Sanders has said previously that his “heart is in Denver” and he’s hoping to retire as a Bronco.
“Obviously, my heart is in Denver, this city has been so good to me beyond what I can explain,” Sanders said. “From the Broncos Huddle, being with you, to going out and seeing in my first year having so many jerseys, and having so many fans out here in this market. It’s just great to me.
“Who knows what’s going to happen with the contract situation. I want to retire a Bronco. I think everyone wants to know, but it’s all about being able to say, ‘I’m getting paid what I put out.’’
Sanders, 29, is a former third-round pick of the Steelers back in 2010. After playing out his rookie contract, Sanders signed a three-year, $15 million contract that included $6 million guaranteed.
He’s currently in the final year of the agreement and stands to make a base salary of $5 million for the 2016 season.
In 2015, Sanders appeared in 15 games for the Broncos and recorded 76 receptions for, 1,135 yards receiving and six touchdowns. Pro Football Focus has him rated as the No. 10 receiver out of 121 qualifying players.
We’ll have more regarding a new contract for Sanders as the news is available.