WEDNESDAY, 12:15pm: The Broncos proposed a six-year, $114.5MM deal to Miller that includes $39.8MM guaranteed in the first two years, sources close to Denver tell ESPN.com’s Adam Schefter (on Twitter). That’s apparently not to Miller’s liking, however, and there is no deal in sight at this time. Never say never, but Schefter (Twitter link) says it will be very difficult for Denver and Von Miller to reach long-term agreement by the July 15 deadline.
TUESDAY, 10:10am: During his visit to the White House this week, Von Miller told reporters that the Broncos and his representation have made real progress over the last couple of days regarding a new contract, Mike Klis of 9NEWS tweets. The two sides have been discussing a new deal for quite some time and it seems like an accord could finally be within reach.
In March, the Broncos slapped Miller with the seldom-used exclusive franchise tag, a measure which kept him from negotiating with other teams. Under the usual non-exclusive franchise tag, other teams can negotiate with players but they have to surrender two first-round picks in order to sign the tagged player to an unmatched offer sheet. It’s rare that a team will surrender big bucks and two first-round choices for a player, but Miller is one of the league’s most feared linebackers and it’s conceivable that a team desperate for pass rush help could have gone to those lengths.
The Broncos have until July 15 to sign Miller to a long-term extension that will likely approach or perhaps surpass the deal Ndamukong Suh signed with the Dolphins last March. Suh earns $19.06MM on average and signed for six years and $114.38MM. Miller will also likely point to Olivier Vernon as a comp after he netted a $17MM-AAV deal with the Giants this offseason. Miller has posted 25 sacks over the past two seasons compared to Vernon’s 14 and has four double-figure sack seasons on his resume compared to Vernon’s one. As of this writing, Miller is slated to earn $14.129MM in 2016 before hitting free agency.
Recently, Broncos GM John Elway expressed hope that he could get deals done for Miller, wide receiver Emmanuel Sanders, and linebacker Brandon Marshall by mid-July.
Photo courtesy of USA Today Sports Images.