According to ESPN's Adam Schefter, the Denver Broncos and wide receiver Demaryius Thomas to a 5-year, $70 million dollar deal that includes $43.5 in guaranteed money.
Denver and Demaryius Thomas reach agreement on matching 5-year, $70 million deal that includes $43.5M GTD, per source.— Adam Schefter (@AdamSchefter) July 15, 2015
The exact terms of the deal look like this. Thomas gets $43 million guaranteed but gets $35 million fully guaranteed over the next two years.
This deal came down to the wire for the Broncos and Thomas, but they got it done. The Broncos and DT were waiting for the Dallas Cowboys' deal to get finished to get talking. According to NFL Network's Ian Rapoport, the Broncos and Thomas had a face-to-face meeting a month ago to discuss his value. With Dez's deal being finalized, the Broncos upped their offer to Thomas one last time.
This means that Demaryius will not miss any Training Camp or preseason games, and can finally take the field for the Broncos in 2015.
Thomas, who is entering the sixth year of his career, has put up some great numbers for the Broncos. During his five seasons in a Denver Broncos uniform, he has totaled 351 receptions, 5,317 yards, and 41 touchdowns. He will now look to add to those numbers and become the greatest wide receiver in Denver Broncos history.
Also, with Thomas being signed long-term, the Broncos can now turn their sights to pass rusher Von Miller who is a free agent at year's end. The Broncos can now place the Franchise Tag on Miller if they're unable to reach a deal before Free Agency begins next offseason.
OFFICIAL: #Broncos sign @DemaryiusT to 5-year deal: http://t.co/mh6PkvTVf1 pic.twitter.com/M5WsaZgRG8— Denver Broncos (@Broncos) July 15, 2015
Thomas will now be able to join Gary Kubiak and Rick Dennison and work on installing the Broncos offense for this year. The No.1 receiver in Kubiak's offense normally sees a bunch of targets, so expect another great year from Thomas.
Look for Emmanuel Sanders to be the No.2 receiver in this offense and second-year wide receiver Cody Latimer to be the No.3.
Time to move forward and get ready for Training Camp.
I'm glad for Demaryius and happy for the Broncos.