Emmanuel Sanders won’t be hitting the free-agent market after this season.
The 29-year-old receiver agreed to a three-year contract extension with the Denver Broncos on Wednesday. ESPN’s Adam Schefter reports the extension is for $33 million with $27 million fully guaranteed.
Broncos executive vice president of football operations and general manager John Elway announced the deal through his Twitter account.
Excited to announce we’ve agreed to a 3-year extension with WR Emmanuel Sanders. He plays with intensity & we love the way he competes!
— John Elway (@johnelway) September 7, 2016
“Emmanuel has proven himself as a great player and one of the most productive receivers in this league,” Elway said in a statement, via ESPN.com. “He plays with intensity, and we love the way he competes. We’re thrilled Emmanuel is going to be a Bronco for many more years to come.”
In an Instagram post, Sanders said he was “honored” to announce that he would be remaining a Bronco.
The contract extension ties Sanders to the Broncos through the 2019 season, same as No. 1 receiver Demaryius Thomas, who signed a five-year, $70 million extension in July 2015.
The Broncos have locked up the bulk of their receiving core for the next couple of years.