Still A Chance Broncos & Demaryius Thomas Get A Deal Done?

Update:

Mike Klis mentions that if the Broncos are able to get a deal done with Demaryius Thomas before the deadline, it’s likely to be worth more than Dez Bryant‘s new five-year $70 million extension that includes $45 million guaranteed.

The Broncos and Thomas are at least talking about an extension as the deadline nears, according to Ian Rapoport.

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Following the news that the Cowboys are expected to finalize an agreement with WR Dez Bryant, Jason La Canfora mentions that he would not be surprised if the Broncos and WR Demaryius Thomas are also able to get a deal in place before the deadline.

According to La Canfora, it’s possible that Bryant and Thomas could get as much as $15 million per year from their respective teams. However, they could ultimately settle for $13.5 million right now and  eliminate the risk of injury.

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Pro Football Talk reports that the Broncos had been under impression that franchise WR Demaryius Thomas would accept the best deal on table ahead of today’s deadline. However, they’re now less optimistic a deal will get done.

• Albert Breer reports that there’s no progress between the Broncos and Thomas at this time.
• Denver reportedly adjusted their offer to Thomas four times with the most recent offer coming over a month ago.
• According to Breer, the Broncos most recent offer is “strong on guarantees” but is lacking in terms of annual salary.
• Breer adds that this offer is still on the table for Thomas if he wants to accept it.

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Mike Klis of 9News is now reporting that there’s been no communication between the Broncos and Demaryius Thomas‘ agent Todd France as of 9 am MDT.

• Klis adds that if the two parties were serious about having an agreement in place before the 4 am EST deadline, they would have begun the process of hammering out the details and specific language of the contract.

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Ian Rapoport of NFL Media reports that “barring a significant turn” the Broncos and franchise WR Demaryius Thomas will not reach an agreement on a long-term before Wednesday’s deadline.

Mike Klis of 9News.com reported last night that Thomas “is expected to skip training camp and the preseason” unless a deal is in place today.

The Broncos are reportedly offering Thomas over $12 million per year, but this is still short of Calvin Johnson‘s record salary.

To exceed Johnson’s record contract, Denver would have to beat the eight-year, $150.5 million contract that included $60 million guaranteed. However, many have said that this contract was agreed to in an abnormal circumstance, and shouldn’t be taken into account based on the new rookie wage scale.

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.

We’ll have more regarding contract talks between the Broncos and Thomas as the news is available.