"We're going to continue to work with DT and his agent to hopefully get something done for a long-term solution for him," Elway told Broncos TV's Chris Hall at the league meetings in Phoenix on Monday.
"We'd like him to remain a Denver Bronco, and that's one of our goals, to be able to get that done. I'm trying to get together with his agent, and hopefully we can do that. We'll continue to work diligently on trying to get something done."
Thomas received the franchise tag from the team this offseason. The one-year deal is worth $12.823 million. The Broncos have until July 15th to attempt to extend him to a long-term contract.
The 27-year-old had career-highs in receptions (111) and receiving yards (1,619) in 2014.
The two sides were unable to come to terms on a long-term deal before Monday, which is the deadline for teams to use the franchise tag, but will presumably keep working towards a deal. The use of the tag on the wide receiver means that tight end Julius Thomas is headed for free agency if the Broncos do not re-sign him before March 10.
Speaking to the media at the Indianapolis combine on Thursday,
Thomas is scheduled to be a free agent, but, if the two sides can't agree on a contract, Elway confirmed that the team would use the franchise tag to hold onto Thomas for another season.
Thomas is coming off a career year. He had 111 catches for 1,619 yards and 11 touchdowns.
Thomas, coming off a career-high 1,619 receiving yards on 111 catches with 11 touchdowns, would make nearly $13 million if the team applied the tag to him.
Broncos wide receiver
Decker spent a few days in Arizona this week with Thomas filming a commercial.
“I’ve been pushing for the entire year now,” Decker said in a telephone interview with The New York Post. “It was just another opportunity to talk to him about it. It’s going to be interesting to see what happens. I think it would be tough for Denver to let him go. So whether they franchise-tag him here in the next month or give him a long-term deal, he’s just one of those premier players in this league.
"If he happens to make it to free agency, I would love to sign him because playing alongside him for four years and especially the last two years made it a lot of fun and made it a lot easier. He’s just one of the great players in this league.”
Thomas recorded a career-best 1,619 receiving yards in 2014. It was his third straight season of 1,000-plus receiving yards. He also had at least 10 touchdowns for a third straight season.
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