INDIANAPOLIS - John Elway, the Denver Broncos executive vice president of football operations and general manager, said on Thursday at the NFL Scouting Combine that he would give wide receiver Demaryius Thomas the franchise tag should the two fail to come to a deal in the next few days.
"If we can't get something done, yeah, we'll tag Demaryius," Elway said. "Our goal is to get something done with Demaryius. . . That market is changing, that wide receiver market is changing, too, but the bottom line is we want Demaryius to be a Bronco."
Should Thomas receive the tag, the Broncos would save an estimated $12.8 million in cap space.
The free agency period begins on March 10 and teams can begin negotiations three days before, designating franchise players between February 16 and March 2.
Thomas, 27, was second in receiving yards last year (1.619), adding 11 touchdowns, and over the last three years snagged 35 touchdowns on 4,483 yards. In that time, Thomas was second in the NFL with twenty-eight 100-yard receiving games in regular- and postseason play combined, including ten 100-yard games last season.
Wide receiver Wes Welker and tight end Julius Thomas are also pending free agents in the next month.
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