After reportedly requesting $70 million guaranteed per PFT from the Broncos, Denver has reportedly caved on Von Miller’s long-term contract demands.
According to ESPN, after agreeing to a six-year, $114.5 million, the team has gone up from its initial $39.5 million guaranteed to a whopping $70 million. Miller has reportedly agreed to a contract that will pay him the most guaranteed money paid out to a non quarterback and he’s immediately the highest-paid player in Broncos team history.
That’s after Miller made it clear he wouldn’t be willing to play on the franchise tag.
Over five years, Miller has 60 sacks, 210 tackles, 17 forced fumbles, five fumble recoveries and one interception in 72 games. Over four years, Fletcher Cox (who just took home $63 million guaranteed) has 22 sacks, 162 tackles, five forced fumbles and six fumble recoveries.
MMQB broke down the benefit of Miller sitting out, which he obviously won’t do now:
“If Miller is willing to sit out the season, per a union source, the Broncos can’t exclusive tag him again. They can put the non-exclusive tag on him, at the normal tag rate, but the comp for another team to sign him then drops from two first-round picks to a first and a third, which some team may well being willing to pay. Now, I’m not saying Miller would be willing to sit out the year. What I am saying is there is some motivation to do so tucked in the rules.”Advertisement
The deadline for a long-term extension was Friday at 4 p.m., but the team beat that by about two hours.