The Denver Broncos offered wide receiver Demaryius Thomas a five-year contract extension, according to reports.

Financial terms of the offer are not known, but Thomas is scheduled to make $3.27 million in the final year of his rookie contract this season.

Thomas, 26, is expected to become one of the highest-paid wide receivers in the NFL. Detroit Lions' Calvin Johnson, Arizona Cardinals' Larry Fitzgerald, Seattle Seahawks' Percy Harvin and Miami Dolphins' Mike Wallace each have deals that pay them at least $12 million per year.

Thomas, a two-time Pro Bowler, led the Broncos with 92 receptions for 1,430 yards and 14 touchdowns last season. He also put up similar numbers in 2012.

Team president and general manager John Elway has said that he would like to sign Thomas and Pro Bowl tight end Julius Thomas to contract extensions before training camp starts in July.

The team has been in negotiations with Julius Thomas but no official offer has been made, according to reports. He is set to earn $645,000 this season. In 2013, he had 788 receiving yards with 12 touchdowns and made the Pro Bowl.