The Denver Broncos and wide receiver Demaryius Thomas have a 'significant gap' between them and are not close to signing a new long-term deal.
The Broncos and Thomas have until the Wednesday deadline to sign a new deal, otherwise they'll have to wait till next season.
NFL Media's Rand Getlin reported that as of Monday night, there is still a "significant gap" between the wide receiver and the team as they work close to the 11th hour to complete the deal by July 15.
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Geltin said that Thomas is scheduled to make $12.823 million this year if he stays on the franchise tag and apparently, he is hoping for a deal in the same region as Calvin Johnson's. $16 million a year with $48 million guaranteed.
Broncos on the other hand, are willing to give the 27-year-old around $13 million per year in salary, but you would think with a prospect of Thomas' quality, they'll still be open for negotiation.
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Geltin also said it is unclear if the Broncos want to give that much money to the wide receiver but a deal may be completed around those figures.
Spotrac.com predicted that Thomas is due for a contract that is five year deal, seeing him through to the 2019 season where he would be 32. They also predicted him to have a value of around $80 million, with an average salary of $16.2 million with around $37 million guaranteed.
If a new deal isn't struck, Thomas may sit out the early parts of training camp in protest, similar to what wide receiver Dez Bryant is planning on doing with the Dallas Cowboys.
NECESSARY FOR A SUPER BOWL RUN?
As the Broncos probably enter their final season with quarterback Peyton Manning under center, they need to provide him with as many weapons as possible. That's if they want to go on one more Super Bowl run with the 39-year-old.
Thomas may not be necessary for that Super Bowl run though, as the recent Super Bowl winners have not had huge cap fees at the wide receiver position.
THOMAS' PRODUCTION VALUE
Many will state Thomas' production value may be inflated because of the fact Manning is under center. He is also yet to be given a first-team All Pro distinction. Another reason against signing him.
When you look at his numbers from the past three years however, they are very similar to Johnson's, and therefore he will use this to plead his case. The Lions wide receiver has missed five games through injury over the last three seasons.
Thomas has had 297 catches for 4,483 yards and 35 touchdowns. Some of these numbers are better than Johnson's of 277 catches for 4,533 yards and 25 touchdowns. So why wouldn't you want to sign him to a long-term deal?
Broncos fans need not worry about the lateness of this deal being struck, as tight end Jimmy Graham was in a similar situation with his former team, the New Orleans Saints last year. They managed to reach an agreement on the morning of the deadline.