NFL teams had until this week to sign franchised players to long-term deals or else they wouldn’t be able to do so until 2016. With certain players threatening to hold out, some teams were forced to hand over big sums of money to players. This was successful for Dez Bryant and he came to terms with Dallas on a long-term deal.
Denver’s Demaryius Thomas also benefited from this monetary deadline. He signed a 5-year deal with the Broncos.
The Denver Broncos have signed wide receiver Demaryius Thomas to a five-year contract, the team announced Wednesday.
The deal is for $70 million and includes $43.5 million guaranteed, a source said.
“We are thrilled to reach a long-term contract agreement with Demaryius Thomas,” Broncos executive vice president of football operations/general manager John Elway said in a prepared statement. “He has developed into one of the top wide receivers in the NFL, and making sure he remained a Denver Bronco was a significant priority for our team.