The Broncos and wide receiver Emmanuel Sanders have agreed to a three-year contract extension that will keep him in Denver through 2019, the team announced Wednesday afternoon.
The deal is worth $33 million, $27 million of which is guaranteed, according to ESPN’s Adam Schefter.
In two seasons with Denver, he’s racked up 177 catches for 2,539 yards and 15 touchdowns. He ranks sixth in the NFL in receiving yards and eighth in catches in that time span.
Sanders was going into the final year of his deal. The Broncos now have one of the best one-two wide receiver punches in the NFL for the foreseeable future. Sanders’ teammate Demaryius Thomas signed a five-year deal last summer worth $43.5 million in guaranteed money.
The Broncos made the deal happen by cutting quarterback Mark Sanchez and long-time punter Britton Colquitt. The team saved roughly $6.75 million by parting ways with the two veterans. Now we know where some of that money went.
Sanders’ extension comes the day before the team’s season opener against Carolina.