Broncos

Full Breakdown Of Demaryius Thomas’ New Five-Year, $70M Deal

July 17, 2015

Mike Florio of Pro Football Talk has the full breakdown of Demaryius Thomas‘ brand new five-year, $70 million contract extension.

Thomas wound up receiving an $11 million signing bonus. Although, $3.5 million of this figure will be deferred until March 2016, according to Florio.

Beyond that, Thomas will be paid a 6.5 million roster bonus due on July 20, which guaranteed for skill and injury and includes no offset language. However, just like his signing bonus, $3.5 million of this roster bonus will be deferred to March 2016.

2015: $4.5 million fully guaranteed base salary (no offset language)
2016: $13 million fully guaranteed base salary (no offset language)
2017: $8.5 million base salary for 2017, which is guaranteed for injury and becomes fully guaranteed if Thomas’ is on Denver’s roster as of the fifth day after Super Bowl LI (no offset language)
2018: $8.5 million non-guaranteed base salary, a $4 million options bonus due between five days after Super Bowl LII and one day before the start of the 2018 league year.
2019: $14 million non-guaranteed base salary

Previous reports mentioned that the Broncos actually offered Thomas a seven-year contract, but he ultimately decided that it was best to remove the final two years and focus on a five-year agreement.

This new contract leaves Thomas tied with Cowboys WR Dez Bryant for the second highest annual salary, but is just shy of Bryant’s $45 million guaranteed.

Florio mentions that the full guarantees includes in Thomas’ deal amount to $35 million, which will paid over the first two years. While it’s highly unlikely, the Broncos can void Thomas’ contract without paying him the $8.5 million in full guarantees after the 2016 Super Bowl.

This means that Thomas will make: $35 million (year two), $43.5 million (year three), $56 million (year four), $70 million (year five).

Meanwhile, he’ll carry cap figures of: $13.2 million (2015), $15.2 million (2016), $12.033 million (2017), $12.033 million (2018), and $17.53 million (2019).