Tenders aren't tied to the players actual draft position
Broncos can offer basically one of three tenders: 1st round tender, 2nd round tender, or "original round" tender, which they obviously wouldn't do because he wasn't drafted. The guaranteed money for Phil on a first round tender would be like $5 million, and if someone else signs him and the Broncos don't match, the Broncos get that team's first round pick.
But you're right, they just need to lock him up long term before it even gets to that point.
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In response to this post by buffhooper)
Posted: 11/02/2020 at 5:38PM