Report: Broncos star Justin Simmons signs franchise tag tender

May 20, 2019; Englewood, CO, USA; Denver Broncos free safety Justin Simmons (31) during organized team activities at the Pat Bowlen Fieldhouse at UCHealth Training Center. Mandatory Credit: Ron Chenoy-USA TODAY Sports

The Denver Broncos will not have to deal with a holdout from star safety Justin Simmons, who signed his franchise tag tender Tuesday.

Justin Simmons franchise tag worth $11.44 million in 2020

ESPN’s Adam Schefter reported that Simmons has officially inked his tender, which is worth $11.44 million this year.

Denver has been trying to work out a long-term contract with the veteran this offseason. General manager John Elway has repeatedly stated that the goal was to use the franchise tag as a placeholder until the two sides could agree on a deal.

Unfortunately on Tuesday, Mike Klis of KUSA reported that it “doesn’t look good” for getting the contract done.

Now that Simmons has officially signed the franchise tag tender, it appears a long-term contract is out of the question.

Stats show Justin Simmons is a top NFL safety

There’s a big reason Denver wanted to lock Simmons up long term: He’s very, very good.

Since being selected in the third round out of Boston College in 2016, Simmons has developed into one of the league’s best overall safeties. He became a full-time starter in his second year (2017) and has put up tremendous stats ever since.

All told, in four NFL seasons Simmons has racked up 289 tackles, 11 interceptions, 28 passes defensed, two sacks and a touchdown.