Russell Okung drops agent to represent himself in free agency
JUL 21, 1:51p ET | Jesse Reed/Sportsnaut
Rotowire: Jul 15 / 12:44p ET
News: Thomas agreed to a five-year, $70 million contract with the Broncos on Wednesday, Adam Schefter of ESPN reports.
Impact: Dez Bryant got most of the headlines, but Thomas and the Broncos took things even closer to Wednesday's 4 PM ET deadline before reaching an agreement. The two wideouts both signed 5-year, $70 million deals, though Bryant's reportedly contains $45 million guaranteed, whereas Thomas' contains $43.5 million. Coming off three straight seasons with 92-plus receptions, 1,430-plus yards and 10-plus touchdowns, Thomas shouldn't suffer too much from a Broncos offense that became more run oriented late last season, as there's also less competition for targets than in past years.
StatsLLC: Jul 15 / 12:00a ET
News: Thomas has signed a five-year $70 million contract with the Denver Broncos just before the deadline for NFL players who had franchise tags to sign long-term deals.
Impact: The contract is the biggest in franchise history, and includes $43.5 million guaranteed. Of that, $35 million is guaranteed over the first two seasons. Had the sides not hammered out a deal Wednesday, Thomas would have played this season on the $12.823 million franchise tag, which still would have been about as much as he'd made in his first five seasons combined.
Rotowire: Jun 9 / 8:54a ET
News: Thomas, who has yet to sign his franchise tender, is not expected to show up for a mandatory minicamp that starts Wednesday, the Denver Post reports.
Impact: Thomas cannot be fined for missing the minicamp because he hasn't signed the one-year, $12.82 million tender. He and the Broncos have until July 15 to reach a long-term extension or else Thomas will have to play under the one-year franchise tag. The most-likely outcome has the two sides reaching an agreement by that date, but either way, Thomas figures to suit up for the Broncos in Week 1. Although the team is expected to run the ball more often this season, Thomas should still see plenty of targets, as Julius Thomas and Wes Welker are no longer with the Broncos.