3:20pm: Troy Renck of the Denver Post and Mike Klis of 9News (Twitter links) both dismiss the idea that the Broncos didn’t finalize a deal because they ran out of time or didn’t have the cap space, suggesting it was the Browns’ asking price that made Denver balk.

Russini adds (via Twitter) that the Broncos were offering a fifth-round pick and the Browns wanted a third-round pick, though it’s not clear how those selections fit into her previous report (noted below). According to Klis (via Twitter), the Browns wanted a first-rounder and at least one other early-round pick, which was too rich for the Broncos.

3:07pm: Moments before today’s 3:00pm CT trade deadline, the Broncos were “racing” to restructure contracts in order to create the necessary cap room to accommodate a trade-deadline addition, reports Adam Schefter of ESPN.com (via Twitter). However, it appears that deal fell through, or the team simply ran out of time.

According to Dianna Marie Russini of ESPN.com (Twitter links), the proposed trade would have sent Browns left tackle Joe Thomas and a fourth-round 2016 pick to Denver in exchange for the Broncos’ first- and second-round picks in 2016. Russini suggests that it’s not clear whether the two sides were in agreement on that proposal before the deadline — it sounds as if it was close, but couldn’t get finalized before the deadline.

Cleveland head coach Mike Pettine confirmed to reporters moments ago the Browns didn’t make any trades (Twitter link via Albert Breer of the NFL Network).

The Browns were reportedly considering deals for several of their veteran players in advance of today’s deadline, including Thomas, Alex Mack, Paul Kruger, and Barkevious Mingo. A report this afternoon indicated that the team wasn’t likely to complete a major trade, so perhaps the Broncos made an unexpected last-minute push to try to land Thomas.

This wasn’t the first time the two teams had discussed a potential Thomas trade, with at least one report this morning suggesting that Denver offered a first-round pick for the standout tackle earlier in the season. With both Ryan Clady and Ty Sambrailo out for the year, the Broncos could have used a stalwart lineman like Thomas to protect Peyton Manning‘s blind side the rest of the way, but the Browns’ asking price was steep.

Will we see any trades finalized around the NFL today? Teams have less than an hour before this afternoon’s 3:00pm CT deadline arrives, so they’ll have to act fast to get anything done. Here are a few of the latest rumors and rumblings:

• The Cowboys won’t be making any trades today, according to owner Jerry Jones (link via Todd Archer of ESPNDallas.com). Cowboys executive VP Stephen Jones said the team had some calls, but nothing serious developed.
• According to Ian Rapoport of NFL.com (via Twitter), the defensive end market has been the most active today, with names like Vinny Curry (Eagles), Willie Young (Bears), and Jeremy Mincey (Cowboys) generating interest. It’s not clear yet whether their respective teams will move them, however.
• Jason La Canfora of CBSSports.com (Twitter link) also mentions Young in his list of the players he’s heard mentioned the most today. La Canfora’s other names include 49ers tackle Joe Staley, Rams right end Jared Cook, Browns linebackers Paul Kruger and Barkevious Mingo, Raiders wideout Rod Streater, and Chiefs cornerback Marcus Cooper.
• Per La Canfora (via Twitter), the Jets are among the teams that have been “sniffing around” pass rushers.
• After reporting earlier that the Patriots had interest in Titans cornerback Jason McCourty, Rapoport says he’s now hearing that McCourty is no longer available (Twitter link).

1:47pm: The Browns continue to discuss possible trades involving Mingo and Kruger, according to Jason La Canfora of CBSSports.com (via Twitter).

1:35pm: Within the last few days, the Browns have emerged as one of the most fascinating teams to watch at the trade deadline, with names like Joe Thomas, Alex Mack, and Barkevious Mingo emerging as potential trade candidates. However, despite all the rumors and speculation, Cleveland isn’t expected to participate in any major deals at this afternoon’s deadline, says ESPN’s Adam Schefter (via Twitter).

As I noted earlier today, there was a chance of the Browns becoming the day’s biggest seller if their asking prices were met, but those prices sounded quite steep. Several reports indicated the team was seeking more than a single first-round pick for Thomas, while one report suggested Cleveland wanted a third-round pick for either Mack or Mingo.

General manager Ray Farmer still has nearly 90 minutes to make a trade, and it remains possible he’ll make a move or two. It doesn’t sound like a player as notable as Thomas will be involved in any deal, however.

Here are a couple more Browns-related notes, as the deadline nears:

• If the Browns do make a move, outside linebacker Paul Kruger is another player worth keeping an eye on. Ian Rapoport of NFL.com reports (via Twitter) that the team is willing to pay some of Kruger’s remaining salary to complete a deal.
• While Josh McCown hasn’t been ruled out yet, the Browns are preparing for Thursday’s game as if Johnny Manziel will start, tweets Rand Getlin of the NFL Network. The short week doesn’t allow for a banged-up McCown to get much in the way of recovery time.

12:55pm: Allen will be placed on injured reserve and will officially be sidelined for the season, reports Michael Gehlken of the San Diego Union-Tribune (Twitter links). Allen, who has a lacerated kidney, underwent a procedure on Monday to stop the bleeding, but is expected to eventually make a full recovery.

TUESDAY, 12:15pm: Allen has undergone a non-surgical kidney procedure and may be sidelined for the rest of the season, tweets Adam Schefter of ESPN.com. The wideout’s exact recovery timetable is still unknown, but if the club decides to place him on IR, Tyrell Williams or Javontee Herndon could get a promotion from the practice squad, tweets Eric Williams of ESPN.com.

MONDAY, 5:38pm: Chargers wide receiver Keenan Allen will be out for “some time” with a kidney issue, coach Mike McCoy told reporters (via Michael Gehlken of U-T San Diego). Allen suffered a kidney injury Sunday when he landed hard after a receiving touchdown against the Ravens.

Allen, 23, recorded 67 passes for 725 receiving yards and four touchdowns through the team’s first eight games. While Allen was inconsistent in 2014, he was well on his way to meeting and exceeding his level of play in 2013. In that breakout rookie campaign, Allen recorded 71 catches for 1,046 yards with eight scores.

It’s not clear exactly how long the Chargers will be without Allen, but they do have the option of going out-of-house for help if they want to make a trade before the deadline. If the Bolts stand pat, they can promote either Javontee Herndon or Tyrell Williams from the practice squad to help replenish their depth. Antonio Gates is also likely to see an uptick in targets while Allen is sidelined.