Broncos assigned the franchise tag to WR Demaryius Thomas.
The Denver Post reports the Broncos will apply the franchise tag to free agent Demaryius Thomas on Monday.
With Tuesday's deadline for the franchise tag approaching, the Broncos and free agent Demaryius Thomas are no closer to signing a long-term deal.
The Broncos will use the franchise tag on free agent Demaryius Thomas if they cannot come to a long-term agreement.
The 2015 franchise tag for wide receivers is expected to cost around $12.7 million.
Demaryius Thomas secured 5-of-12 targets for 59 yards and a touchdown in the Broncos' Divisional Round loss to the Colts.
Demaryius Thomas caught eight passes for 115 yards in Sunday's Week 17 win over the Raiders.
Demaryius Thomas (ankle, hip) is practicing in full for Week 17.
Demaryius Thomas caught seven passes for 115 yards in the Broncos' Week 16 loss to the Bengals.
Demaryius Thomas (ankle) is practicing in full for Week 16.
Demaryius Thomas caught six passes for 123 yards with a touchdown in Sunday's Week 15 win at San Diego.
Demaryius Thomas (ankle) is listed as probable for Week 15.
Demaryius Thomas (ankle) returned to Broncos practice Thursday.
Demaryius Thomas (ankle) did not practice Wednesday.