9NEWS Broncos Insider Mike Klis broke down the contract that wide receiver Demaryius Thomas signed before the Franchise Tag deadline
Thomas signed a Five-year, $70 million dollar contract that guarantees $43.5 million but according to Klis, Thomas turned down the chance to become the highest-paid receiver in the league.
Klis says that on June 1st, the Broncos offered Thomas a seven-year deal that was worth $100 million dollars, with $42 million in total guarantees. This deal would have made Thomas the second highest-paid receiver($14.29 million) in the league annually.
Thomas's agent Todd France ended up declining that offer because the final two-years of that proposed deal were not guaranteed. So both sides decided to chop off the final two years that totaled $30 million dollars, and move forward with the five-year, $70 million dollar deal.
Breaking down Demaryius Thomas's deal:
|Year||Total amount of money|
|2015||$22 million. He will receive an $11 million signing bonus, $6.5 million in roster bonus and a $4.5 million salary. All $22 million is fully guaranteed.|
|2016||$13 million salary, fully guaranteed.|
|2017||$8.5 million salary, guaranteed against injury. The full salary becomes fully guaranteed early in the league year.|
|2018||$12.5 million. It includes a $4 million option, plus an $8.5 million salary. None of this money is guaranteed.|
|2019||$14 million salary, not guaranteed.|
Thomas's deal doesn't include any escalators or incentives, it's just a straight up five-year, $70 million dollar deal.
What do you think about the deal Thomas has received from the Broncos? Is it a fair deal, was he paid too much, or too little?