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John Elway: 'Fair deal' for team, came together on deadline day

ENGLEWOOD, Colo. -- Deadlines usually spur action, and the one that hit at 2 p.m. Wednesday was no different.

With the hours dwindling and the window to sign a long-term contract closing, the stasis in the negotiations between the Broncos and Demaryius Thomas evaporated early Wednesday, and by 1:55 p.m. MDT, a five-year deal between the parties was announced.

"It really started this morning," said Executive Vice President/General Manager John Elway late Thursday afternoon. "We met with (agent) Todd France back on the first of June, end of May. We both got offers on the table.