Denver Broncos wide receiver Demaryius Thomas has secured a five-year contract with the team before the July 15 deadline for long-term contracts set by the league.

The announcement came from Broncos General Manager John Elway through a Twitter post.

The player sporting the number "88" team jersey is set to receive a deal worth $70 million, with $43.5 million guaranteed, a source told ESPN.

The 27-year-old football player was franchise tagged by the Broncos this season for an already high amount of $12.823 million. But the Georgia-born NFL athlete did not care much about the one-time but short lucrative deal and decided to miss Denver's off season program.

Denver's plans for Thomas

Now, the team is committed to closely monitor Thomas as he enters the teams' training camp since he was absent in the previous organized team activities.

"We'll just have to be careful with DT when he comes in to training camp and really manage him and get him up to speed with what we're doing mentally but also physically because he didn't have the OTAs or the minicamps with us," Elway said, as quoted by ESPN.

It is good that Thomas stood his ground and that Denver finally decided to lock him up in their franchise for the next half decade. The new arrangement with both camps is a win-win situation. Thomas' performance in the last five years, has been very consistent, Marc Sessler of NFL.com commented.

The 6-foot-3 athlete, who tallied 1,619 receiving yards last year, has reportedly set the franchise record for a single-season.

Thomas' contract affected Dez Bryant's?

Bryant, who has also skipped minicamp with the Cowboys and even stated that he will miss the regular season if a long-term deal is not finalized, also got a five-year deal worth $70 million from the Cowboys, NFL.com reported in another article.

Though the deal bears similarities with what Denver offered Thomas, Cowboys team owner Jerry Jones was quick to squash any issues that would link the two agreements.

"We did not, under any type of interpretation, we did not in any way have collusion. I didn't know until just a second ago watching on television the player that Denver had signed. And so there was none between the Cowboys and Denver at all," Jones said in a conference call after Bryant signed.

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