Broncos Sign Demaryius Thomas to Five-Year Deal

The Broncos and Demaryius Thomas agreed on a new five-year contract worth $70 million with $43.5 guaranteed. The Broncos have now locked up one of their top players. If the deal was not made by 4:00pm EST, then Thomas would have played this year under the Franchise tag at just over $12 million, but the Broncos and Thomas would not have been able to negotiate a new deal under next March. It was a win-win for both sides. The Broncos structured it to be guarantee heavy in the first few years of the deal, and they have some relief after a couple of years, and Thomas gets the long-term deal that he was hoping for. The Broncos had to be able to lock Thomas up long term and they were able to do that. Now, Denver doesn't have to worry about DT holding out and missing the preseason and training camp. He will be there, with a fresh new contract, and the Broncos can focus on turning him loose with Peyton Manning for another season and another shot at the Lombardi Trophy.