It’s a “safe bet” the Broncos will be applying the franchise tag to receiver Demaryius Thomas, per a source with knowledge of the situation. While the two sides are talking, a deal currently isn’t expected in the next two days.
While the magnitude of the parties’ positions isn’t known, Thomas stands to earn $13 million fully guaranteed in 2015, if the tag is applied and if he signs the franchise tender. After the tag is applied, the Broncos and Thomas will have until July 15 to strike a long-term deal.
With three straight top 5 finishes in both PPR and standard formats, and Peyton Manning likely back under center, the 27-year-old Thomas is one of the “sure things” at the receiver position. He got off to a slow start in 2014, averaging just 4.3-47-.33 (11.0 PPR FP) in the first three games, but caught fire after his team’s bye, posting 7.5-114-.77 (23.5 PPR FP) over the final 13 weeks.