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Sources: Denver Broncos, WR Tim Patrick closing in on three-year, $30M extension

ENGLEWOOD, Colo. -- Denver Broncos general manager George Paton promised this past offseason he would give serious attention to signing the team's own impending free agents.

He has continued that trend in recent days during the team's bye week, as wide receiver Tim Patrick will become the latest to re-sign with the Broncos, according to multiple team sources.

Patrick and the Broncos will agree to a three-year, $30 million extension that could top out at $34.5 million if Patrick hits all of the incentives in the deal. The deal will also include just over $18 million in guarantees.