Report: Elway Working On Thomas Extension

In a recent sit-down with the mothership, John Elway talked about the future of star wide-out Demaryius Thomas' contract extension.

In an interview with Broncos TV’s Chris Hall, held at the NFL winter meetings in Arizona this week, Bronco General Manager John Elway said that the team is continuing to work “diligently” towards a long-term contract with wide receiver Demaryius Thomas. T

his comes just weeks after the team failed to come to terms on a long-term deal with their three-time Pro Bowler, and rather than risk losing Thomas in free agency, opted to employ their non-exclusive franchise tag to retain his services for the upcoming 2015 season. The tag keeps Thomas in orange and blue for one year at a hefty $12.8M price tag.

However, Elway remains dedicated to seeing “DT” remain a Bronco long after this season, “We’d like him to remain a Denver Bronco. That’s one of our goals” Elway said, “It’s just a matter of trying to get together with his agent. Hopefully, we can do that. We’ll continue to work diligently towards that.”

Drafted in 2010, Thomas has developed into an elite NFL receiver over the last four seasons. In his career, he’s amassed 351 receptions for 5,317 yards, and an eye-popping 41 touchdowns. He led the AFC in touchdowns in 2013, is a two-time second team All-Pro, and was selected to the Pro Bowl in 2012, 2013, and 2014.

Pro Football Focus ranked Thomas as the fifth-best receiver in the league in 2014. For Elway, retaining Thomas has always been a priority. However, working out the terms of a deal that will keep the star wide-out in Denver long term has been a tumultuous process.

Despite opening talks with Thomas’ representatives last June, the two sides remain far apart on a dollar figure that can satisfy both sides. According to Elway, that hasn’t changed. In their recent sit-down, Elway told Denver Broncos.com there are “no updates” on Thomas’ contract situation.

And, while it’s not uncommon for teams to work out long contract extensions with players working off of franchise tags, if the two sides can’t come to an agreement by the end of next season, it could be the end for DT in Denver.

Jake Marsing is an Analyst for MileHighHuddle. You can find him on Twitter @JakeDMarsing. And be sure to like MileHighHuddle on Facebook.

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