Tuesday July 14th, 2015

The agent for Denver Broncos wide receiver Demaryius Thomas and the team have exchanged proposals on a new contract, according to 9News’ Mike Klis.

Denver placed the franchise tag on the three-time Pro Bowler in March. The franchise tender is worth $12.82 million for next season and both sides have until Wednesday to agree to a long-term contract extension.

NFL.com reports that there is a "significant gap" between Thomas and the Broncos franchise as they try to work out a deal.

According to the report, the Broncos are willing to pay Thomas about $13 million per year in base salary, but Thomas is seeking a deal like what the Detroit Lions gave Calvin JohnsonJohnson signed a seven-year, $113.45 million contract extension (about $16.1 million a year) with Detroit in 2012, with $48 million guaranteed.

NFL
2015 NFL off-season report cards

Thomas skipped all of the team off-season workouts, upsetting of Broncos general manager/executive vice president of Football Operations John Elway, who said he wanted Thomas to be with the team to get acquainted with the offense installed by new head coach Gary Kubiak.

Broncos quarterback Peyton Manning said that he wanted Thomas in Denver for off-season workouts, but added he wants him to receive a new deal.

MORE NFLThomas’s mom jail sentence commuted | Training camp dates

Denver starts its training camp on July 31, with its first preseason game scheduled for Aug. 14 against the Seattle Seahawks.

Thomas, 27, set career highs with 111 receptions for 1,619 yards last season, to go along with 11 touchdowns.

The team's first-round draft pick in 2010, Thomas has 41 career touchdowns and 5,317 receiving yards in his five NFL seasons.

- Scooby Axson

SI Apps
We've Got Apps Too
Get expert analysis, unrivaled access, and the award-winning storytelling only SI can provide - from Peter King, Tom Verducci, Lee Jenkins, Seth Davis, and more - delivered straight to you, along with up-to-the-minute news and live scores.