Demaryius Thomas, Broncos Beat Franchise Tag Deadline with $70M Deal

With only minutes to spare before the 4 p.m. ET franchise tag deadline, the Broncos have inked freakishly athletic wide receiver Demaryius Thomas to a 5-year, $70M contract. 

Thomas' deal is identical to Dez Bryant's agreement with the Cowboys, though Thomas' guaranteed money falls slightly lower at $43.5M compared to Bryant's $45M. 

The former Yellow Jacket will receive $35M in guarantees over the first two seasons of his new deal, while his $43.5M total guarantee is third-most among receivers behind Calvin Johnson and Bryant. 

The Broncos most formidable outside presence has 99 catches, 1,494 receiving yards and 11.7 touchdowns over the past three seasons, including three-consecutive Pro Bowl appearances.