Demaryius Thomas designated with franchise tag by Denver Broncos

Demaryius Thomas has been designated with the franchise tag by the Denver Broncos for the 2015 season.

The All-Pro was set to become one of the most coveted free agents on the market next week after he and the Broncos had yet to come to terms on a long-term contract.

However, the club have taken the measure to keep him at Sports Authority Field for the 2015 season on a deal worth $12.8m (£8.1m).

General manager John Elway told the club's official website: "This is another step in our efforts to extend Demaryius's contract and ensure he remains a Denver Bronco.

"We will continue working toward a long-term agreement with Demaryius, who is a very important part of our team."

Thomas has recorded 351 receptions for 5,317 yards along with 41 touchdowns in his five seasons with the Broncos.