Update: “Nothing Going On” Between The Broncos & Demaryius Thomas Regarding A New Contract

Update:

Mike Florio of Pro Football Talk reports that the Broncos have not extended WR Demaryius Thomas a five-year deal or other terms, despite the recent reports.

“Nothing going on,” said Florio’s source.

According to Florio, there is a possibility that the two sides have discussed the structure of a new contract, but he adds that “there’s still a very, very long way to go.”

Thomas, 26, is clearly one of the best receivers in the game and has earned a sizable raise from the Broncos. As things stand right now, he will make $3.275 million during the final year of his rookie contract.

Last year, Demaryius caught 92 passes for 1,430 yards receiving and a career-high 14 touchdowns over the course of 16 games.

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Troy Renck of the Denver Post, citing an NFL source, reports that the Broncos have offered WR Demaryius Thomas a five-year contract.

• Renck adds that Denver has also initiated talks with TE Julius Thomas as well, but they have yet to extend him a formal offer.

Broncos president/GM John Elway has said that they would like to get agreements in place, but aren’t interested in doing anything during training camp.

“We don’t want to do anything once training camp starts,” Elway said. “They’re both in their last years, and we’d like for them to stay and be Broncos for a long time.”