Per a source with knowledge of the situation, it’s currently “not likely” that the Broncos and WR Demaryius Thomas will work out a new contract before the close of business on Wednesday. It means that Thomas and the Broncos thereafter would be able to do only a one-year contract. The terms could be changed; the Broncos could, in theory, offer more than the $12.8 million tender to get him to show up for training camp, or they could promise not to use the franchise tag on him in 2016. If he plays for $12.8 million in 2015, the Broncos would have to give him a 20-percent raise in order to tag him again next year. That’s more than $15.3 million for a receiver they may not be able to fully utilize if quarterback Peyton Manning retires after the coming season.
The story makes the point that given Manning’s uncertain status beyond 2015, a multi-year investment in Thomas may not make much sense for the Broncos. The story goes on to say the Broncos may be smarting from a late deal with T Ryan Clady back in 2013. Clady suffered a season-ending injury in Week 2 of the 2013 season and is already done for 2015 with a torn ACL.