Earlier this week, reports surfaced that Denver Broncos defensive end Malik Jackson is seeking a contract worth around $15 million per season, which is more than Denver seems willing to pay.

A new report indicates that Jackson’s price tag is actually reasonable.

On Wednesday, Brad Biggs of the Chicago Tribune wrote that Jackson is “believed to be seeking $12 million per year.” Of note, that’s the same figure that KUSA-TV’s Mike Klis suggested Denver may offer Jackson:

“I’m not sure Jackson takes a $12 million a year deal from the Broncos when he has $14 million a year offers from Jacksonville, Jack Del Rio’s Oakland Raiders or John Fox’s Chicago Bears,” Klis wrote in his mailbag Tuesday.

That’s not a report that Denver offered $12 million per season, but it seems to indicate that Klis believes the Broncos may be willing to pay in that ballpark.

So if Jackson is seeking $12 million a year—according to Biggs—and Denver may be willing to pay around $12 million a year, what’s the hold up?

Guaranteed money may be a factor. In January, fellow defensive end Derek Wolfe signed a four-year extension worth $36.7 million with $17.5 million in guarantees, according to reports. Jackson will seek a deal richer than that.

It may be a coincidence, but Biggs also reported that Jackson’s agent, Jack Scharf, Broncos general manager John Elway and contract guru Mike Sullivan checked into the same hotel at the same time on Wednesday evening.

The two sides may be preparing to work out a contract, or at least negotiate. If recent reports are accurate, the two sides may not be that far apart.