Broncos, Von Miller Closing In On Deal
FRIDAY, 12:34pm: We’re at least an hour away from a resolution, Jason Cole of Bleacher Report (on Twitter) hears.
10:54am: The two sides are “closing in” on a deal, Ian Rapoport of NFL.com tweets. In addition to the previously reported terms, Miller is set to receive $70MM fully guaranteed by March of 2018.
9:44am: Right now, it’s about a “98% certainty” that Miller will sign the six-year, $114.5MM offer with $70MM guaranteed today, Jason Cole of Bleacher Report tweets.
THURSDAY, 11:02pm: The Broncos and franchise player Von Miller appear to inching closer to an agreement, and the two sides are fully expected to finalize a deal on Friday, according to Mike Klis of 9NEWS, who adds that the club has likely extended its final proposal. Denver is now offering Miller $70MM in guaranteed money, and there is optimism emerging from both camps as talks head in the “right direction,” per Ian Rapoport of NFL.com (Twitter links).
[RELATED: Reviewing the 2016 Denver Broncos offseason]
Miller and Denver had already reportedly agreed to the overarching framework of an extension, and had informally worked out six-year, $114.5MM contract that would make Miller the league’s highest-paid defensive player on an annual basis. But the hangup in negotiations has always been guarantee structure and triggers (ie. when the guarantees would kick in), as Miller wants to eclipse the roughly ~$60MM guaranteed to defensive tackle Ndamukong Suh.
The $70MM guaranteed figure refers to “essential guarantees,” according to Klis, and there’s still some confusion as to what that term means. It could plausibly refer to fully guaranteed cash, and if so, Miller would have secured the largest full guarantee in NFL history. But more likely, given Klis’ wording, the $70MM total is in reference to either injury guarantees or “effective” guarantees, the latter being money that it would be nearly impossible for Miller not to earn. Either way, the majority of Miller’s guarantee will be paid out in the first two years of the contract, report Adam Schefter and Jeff Legwold of ESPN.com.
The Broncos and general manager John Elway submitted a new offer to Miller and his camp over the weekend, and the two sides have apparently been discussing the offer since. Per the ESPN scribes, Denver and Miller’s team did not have “substantive talks” on Thursday, but are expected to reconvene on Friday to further hammer out the deal.
Like all franchise-tagged players, Miller has until 3pm Friday to reach an extension with his club or else will be forced to play out the 2016 season under the franchise tender. However, Miller has been adamant that he will sit out the year instead of playing under the tag, which would fully guarantee him ~$14MM.
Photo courtesy of USA Today Sports Images.
NFL Franchise Tag Contract Deadline Primer
**Updated Friday morning, 10:12am CT**
This afternoon, we’ll know the fates of seven franchise-tagged players for the 2016 season and beyond. If their respective teams do not sign them to long-term contracts by 4pm ET/3pm CT, Broncos linebacker Von Miller, Redskins quarterback Kirk Cousins, Bears wide receiver Alshon Jeffery, Jets defensive end Muhammad Wilkerson, Chiefs safety Eric Berry, Rams cornerback Trumaine Johnson, and Ravens kicker Justin Tucker will all play out the 2016 season on their one-year franchise tenders.
Will some of these players will reach lucrative multi-year deals between now and Friday afternoon? Or could we see all seven players nudged towards free agency in 2017? Here’s a complete rundown of what’s happening with each of these seven players as the deadline approaches:
Von Miller, Broncos
This offseason, Von Miller went from Dancing With The Stars to wrestling with the Broncos. Naturally, there is strong mutual interest in a new multi-year deal between Denver and the reigning Super Bowl MVP and the two sides even seem to have agreed upon terms of about $114.5MM over six years. However, there remains a significant gulf between the two sides when it comes to guaranteed money and cashflow in the first couple of years. As we’ve seen before, NFL contract terms are often not what they appear to be on the surface. In this league, you can be promised a small fortune, but it doesn’t mean much unless a significant portion of it is guaranteed and comes early on in the deal when the team values you most. 
Back in June, the Broncos offered up a six-year, $114.5MM deal with nearly $40MM guaranteed in the first two years. However, Miller wanted more in the way of guaranteed cash and wanted a higher payout in the first three years. Soon after, Miller doubled down on his threat to hold out in 2016 if he does not get the multi-year deal that he is after and his teammates say that he’s not bluffing. Would one of the league’s best defensive players and fiercest competitors really stay home all year long rather than chase another ring and earn more than $14MM? It’s hard to imagine, but there’s also considerable incentive for Miller to stick to his guns in this situation.
If Miller opts to sit out the 2016 season, the Broncos will only be able to use the non-exclusive franchise tag on him and will not have the exclusive franchise tag at their disposal. Typically, a team that is able to pry a player away on the non-exclusive tag would have to forfeit two first-round picks to the former team. However, per the terms of the CBA, the compensation price would drop from two first-round picks to a first and a third if Miller were to sit out. Some teams would consider forfeiting two first-round choices to land Miller and even more teams would mull it over if that price drops to a first- and third-round choice.
Reportedly, Miller still harbors resentment towards the Broncos for the way that talks have gone this offseason. However, things could be changing now that Denver has updated their offer to give Miller $70MM in “solid guarantees.”
Because of Miller’s holdout threat, there’s arguably more at stake for the Broncos than the other six teams negotiating with their franchise-tagged stars.
Kirk Cousins, Redskins
After a breakout 2015 season, Kirk Cousins wants to be paid like a top NFL quarterback. The Redskins, meanwhile, want to see him do it all over again in 2016 before committing major dollars to him across a five or six-year period.
After watching Brock Osweiler go from backup to baller this offseason, Cousins’ camp is salivating at his potential payday on the open market. For Cousins to forego a shot at free agency down the line, his agents are demanding $43.89MM in guarantees over the first two years of the pact, for starters. Wonder where that number comes from? That’s the combined value of the 2016 franchise tag ($19.95MM) and the franchise tag in 2017 ($23.94MM), if the Redskins were to use it again. If Washington wanted to go for an unprecedented three-peat of franchise tags, it would cost them $34.47MM (!) in 2018.
Cousins earned just $660K in 2015, making him one of the league’s very best values last year. Now, he’s looking to cash in on his next deal and he’s made it clear that he’s willing to bet on himself in 2016. As of this writing, the two sides are not expected to come to an accord by Friday afternoon.
Alshon Jeffery, Bears
Alshon Jeffery is regarded as one of the league’s top wide receivers – when he’s healthy. That’s likely the sticking point for the Bears, who want to see the 26-year-old give them a complete season before they give him enough money to buy his own private island. The 6’3″, 216-pound receiver missed six games during his rookie season because of hand and knee injuries. Last year, he sat out seven contests due to calf, hamstring, groin, and shoulder ailments. 
However, despite missing a good chunk of the 2016 season, Jeffery still racked up 54 catches for 807 yards and four touchdowns. Since his breakout campaign in 2013, the former second-round pick has averaged 89 receptions, 1,312 yards, and eight touchdowns per 16 games. Jeffery might not have a perfect attendance record, but he is a true game-changer when he is on the field.
Right now, it doesn’t sound like the Bears are going to get a deal done with Jeffery. GM Ryan Pace doesn’t have any qualms about moving on from players of the past regime and he could theoretically allow Jeffery to walk thanks to the presence of Kevin White.
Continue reading about the rest of this year’s franchise-tagged stars:
Latest On Von Miller
As we learned earlier this evening, the Broncos and linebacker Von Miller appear to be on the precipice of reaching a six-year deal that will contain $70MM in “solid” guarantees, and while it’s unclear exactly what “solid” refers to in this case, it’s fair to assume that Miller will receive $70MM either fully guaranteed or effectively guaranteed. But Miller was apparently seeking a higher total not too long ago — $75MM to be exact, according to Jason Cole of Bleacher Report (Twitter link), who adds that Miller set that financial goal after Andrew Luck agreed to a mega-deal with the Colts last month. However the specifics of Miler’s pact turn out, he’s set to become the highest paid defensive player in NFL history on an annual basis, and depending on the nature of the guarantees, could secure the largest amount of guaranteed money the league has ever seen.
Here’s more on Miller, the Broncos, and a few other clubs from the NFL’s West divisions:
- While Miller is worth the nearly $20MM per year salary that he’s about to earn, Mark Kiszla of the Denver Post opines that Miller might not be the wisest investment for the Broncos. The negotiations between general manager John Elway and Miller’s camp have been sticky at times, and could make a lasting impression as other free agents talk with Denver management. The Broncos, meanwhile, have paused talks with wide receiver Emmanuel Sanders while hammering out details with Miller, and Kiszla argues that no non-quarterback — no matter how talented — can provide surplus value when earning $20MM per annum.
- Speaking of troublesome negotiations, Mike Florio of Pro Football Talk harkens back to 2013, when the Broncos failed to complete the necessary paperwork on a contract restructure for Elvis Dumervil — after a deadline came and went, Dumervil hit free agency and ultimately signed with the Ravens. So although reports indicate that Miller and Denver are close to working something out, the two sides may want to submit the agreement ahead of time in order to prevent another fiasco.
Von Miller Still Angry At Broncos?
There have been no contract talks between the Broncos and Von Miller since this weekend, according to Jason Cole of Bleacher Report (video link). Cole also hears that Miller still feels disrespected by the Broncos for the way that negotiations have gone this offseason. 
[RELATED: Latest On Franchise-Tagged Players]
In June, the Broncos offered Miller a larger contract than the deal given to Ndamukong Suh, but the proposal was viewed by Miller’s camp as being largely fugazi due to its structure and lack of true guarantees. Over the weekend, Denver gave Miller a new proposal, but it sounds like they have not upped the cashflow and true money enough to satisfy Miller. Since that revamped offer, there hasn’t been much leaked on the talks between the two sides. Some see the lack of rumors over the last 48 hours as a positive sign, but Cole’s report indicates that things have stagnated and Miller may be taking Denver’s frugality to heart.
The latest offer from Denver would give Miller roughly $61MM in fully guaranteed money, according to Cole, that’s the kind of contract that Miller could be inclined to accept, even if he’s feeling slighted by Denver.
Photo courtesy of USA Today Sports Images.
Latest On Franchise-Tagged Players
Barring an unlikely change in momentum, extensions are not expected to be reached for franchise-tagged players Kirk Cousins, Eric Berry, Alshon Jeffery, Muhammad Wilkerson, and Trumaine Johnson, according to Adam Schefter of ESPN.com (on Twitter). Schefter’s latest word echoes other reports on these five players, but two names are conspicuously absent from this list: Von Miller and Justin Tucker. It’s not clear if the Broncos and Ravens are on the cusp of deals with their respective franchise-tagged stars, but their odds of reaching deals could be looking better than the rest of the pack at this time.
[RELATED: Download The Must-Have Trade Rumors App Today!]
As Mike Florio of PFT notes, things have been eerily quiet when it comes to Miller and the Broncos, which could be an indication that talks are moving along behind the scenes. In recent weeks, the acrimony between the two sides has been leaking out to the press, so this recent lack of news could be taken as good news when it comes to these contract talks.
The Broncos could theoretically trade Miller if they are unable to reach a long-term deal with him in the next day or so, but the team is focused only on retaining him. Meanwhile, Miller’s threat to sit out the 2016 season reportedly remains “very real” and several teammates believe that he will spend the year at home if he does not get his way. Late last week, the Broncos improved their offer to Miller, giving him more in the way of guarantees and better cashflow in the early part of the deal. Those are the key issues left to resolve as the two sides have largely agreed on the framework of a six-year, $114.5MM deal.
As the Ravens’ franchise player, Tucker will make $4.572MM this year if he and the team don’t agree to a new contract by tomorrow’s deadline. Some believe that the two sides haven’t struck a deal yet because Tucker is likely looking to eclipse the Patriots’ Stephen Gostkowski as the NFL’s highest-paid kicker.
Photo courtesy of USA Today Sports Images.
Teammates Believe Von Miller Would Sit Out Season
- Von Miller‘s threat to sit out the season remains “very real,” Rand Getlin of NFL.com hears (video link). Getlin describes some of Miller’s Broncos teammates as believing he will go through with this if he and the team cannot agree to a long-term contract by 3 p.m. on Friday. The NFL.com reporter still characterizes this deal as one that will be done by Friday, however.
- Miller, though, has not enjoyed the Broncos’ negotiating methods this offseason, and Mike Klis of 9News now isn’t so sure the sides will agree in time. “They have championship tactics,’’ Miller said, via Klis. “I don’t agree with some of the stuff they do, but obviously it works.” The Broncos have sweetened their offer to Miller. Although it remains a six-year, $114.5MM proposal, a $19MM base salary for 2019 has been moved up to be guaranteed before the start of the 2017 league year. Klis notes that Miller voicing this disapproval after the Broncos enhanced the offer doesn’t bode well, and mentions that the team’s tactics — while having resulted in many extensions during John Elway‘s GM tenure — may have played a role in driving Brock Osweiler, Julius Thomas and Elvis Dumervil out of town.
- Using 13 past examples of players who’ve chosen to hold out, Jason Cole of Bleacher Report believes the 27-year-old Miller’s value won’t depreciate if he sits out the season. Cole uses Sean Gilbert sitting out the 1997 season as his primary example of a player benefiting because of a holdout. The Redskins defensive lineman turned down a four-year, $13MM offer from Washington and did not sign the then-$3.5MM franchise tag. Both the Dolphins and Panthers put in enticing bids for Gilbert the following year, with Carolina sending two first-round picks to Washington in 1998 and then signing him to a seven-year, $46.5MM deal. It would cost a team a first- and third-round pick — and likely a record-breaking contract — to acquire Miller in 2017 should he sit out what would be his sixth NFL campaign and be tagged again. The Broncos could still match that offer as well.
- Chris Harris became one of those aforementioned Broncos to sign a team-friendly extension during the past few years, and he argues that Denver’s cornerback wealth helps prevent him from being universally recognized as a top-tier corner. The sixth-year player told NFL.com’s Bucky Brooks that “if [Harris and Aqib Talib] were on other teams, say if I go play for the — just name a team — Jags or something like that, it’d be easy [to be the] No. 1 corner.” The two-time Pro Bowler declined to test free agency in 2015, instead signing a five-year, $42.5MM extension with the Broncos in December of 2014.
Von Miller Rumors: Tuesday
Broncos defensive lineman Derek Wolfe was diplomatic in his interview with SiriusXM on Tuesday, but one might infer that he’s not thrilled with Von Miller and his standoff with the team.
“Business is business, and that’s his business. And he has to do what he’s gotta do,” Wolfe said regarding Miller’s contract situation (transcription via PFT). “Obviously, I took a different route and decided that this is where I want to be so I’m going to take a significant haircut to stay here, and that’s fine with me. But some people don’t feel that way.”
Back in January, Wolfe and the Broncos agreed to a four-year, $36.75MM extension with $12MM fully guaranteed. Had Wolfe tested the open market, he likely could have bested those numbers. While Wolfe was comfortable signing a team-friendly pact to stay in Denver, Miller is determined to get what he perceives as fair value. From my perspective, it’s hard to fault the Super Bowl 50 MVP for standing his ground.
Here’s the latest on the Broncos and Miller:
- Even though it may be an attractive Plan B, the Broncos are not thinking about the possibility of trading Von Miller this week, Mike Klis of KUSA writes. In theory, the Broncos could trade Miller before the Friday deadline, allowing the team acquiring Miller to sign him to a multi-year deal. After the Friday deadline, Miller’s trade value takes a significant nosedive as he would be ticketed for the open market. Even though a Miller trade sounds like a reasonable fallback option, it doesn’t sound likely at this time.
- At this point, the Broncos are confident that they’ll get a deal done by Friday, according to Jason Cole of Bleacher Report (video link). Echoing Klis’ report, Cole says that the idea of a trade has only come up “in passing” between the Broncos and Miller’s camp.
- Multiple teammates have expressed confidence this week that Miller will sign a long-term deal, Troy Renck of The Denver Post writes. Wide receiver Emmanuel Sanders, who is also working on a new contract with Denver, said he understood why his contract talks were on pause because “all of the focus should be on Von right now.”
Broncos Notes: Miller, Lynch, Sanchez
- As the Broncos and Von Miller battle it out in contract talks, CBSSports.com’s Joel Corry offered up a potential compromise between the two sides. The former agent believes that a six-year, $114.5MM deal with $45MM guaranteed at signing and $61.5MM guaranteed throughout should satisfy both parties. That proposed deal would give Miller an AAV just over $19MM and, more importantly, significant cash flow in the first two years. Over the weekend, the Broncos presented Miller with a brand new proposal.
- Could 2015 seventh-rounder Trevor Siemian actually beat out Mark Sanchez and first-round rookie Paxton Lynch for the Broncos‘ starting quarterback job? Andrew Mason of Broncos.com believes so, citing the strong support he has gotten from coaches so far this offseason. Siemian entered the league out of Northwestern with minimal buzz, but he does offer arm strength and an extra year of familiarity with Gary Kubiak‘s offense.
Offseason In Review: Denver Broncos
Arguably the least talented of the Broncos’ four Peyton Manning-era teams, the 2015 iteration allowed the franchise to collect its third Super Bowl title, and the 2016 version will prepare to defend it in interesting fashion. Denver not only lost its starting quarterback of the past four years but allowed his backup to exit as well, creating a strange scenario for a defending Super Bowl champion.
The Broncos’ quarterback quagmire notwithstanding, they still will probably return nine starters from their No. 1 defense and remain one of the AFC’s favorites. Whereas many once thought Manning’s retirement would double as the end of Denver’s championship window, the team’s dominant defense looks to keep it pried open. But has Denver gambled too much at the game’s most important position to make a realistic title defense?
Notable signings:
- Von Miller, LB: One year, $14.26MM. Fully guaranteed. Assigned exclusive franchise tag.
- C.J. Anderson, RB: Four years, $18MM. $7.6M guaranteed. Broncos matched Dolphins’ RFA offer sheet.
- Donald Stephenson, T: Three years, $14MM. $6MM guaranteed.
- Jared Crick, DE: Two years, $4MM. $1MM guaranteed.
- Ronnie Hillman, RB: One year, $2MM. $500K guaranteed.
- Garrett Graham, TE: One year, minimum salary benefit. $80K guaranteed.
- Jordan Norwood, WR: One year, $880K. $50K guaranteed.
- Russell Okung, T: One year, $5MM. $3MM available via incentives. Club can exercise $1MM option bonus after 2016 that will lock in remaining four years, $48MM, and $19.5MM guaranteed.
- Brandian Ross, CB: One year, $675K.
- Shiloh Keo, S: One year, minimum salary benefit.
- Dekoda Watson, LB: One year, minimum salary benefit.
The latest in the Broncos’ steady line of franchise tag impasses has predictably been the team’s most complex battle, with Miller having turned down a six-year, $114.5MM deal that would make him the league’s highest-paid defender. His negotiation takes on a much more seminal essence than John Elway‘s previous midsummer value debates. Miller’s team does not feel the full guarantees included in Denver’s initial proposal were sufficient given what Ndamukong Suh and now Fletcher Cox received. Cox’s Eagles deal doesn’t contain more guaranteed cash at signing but includes nearly $60MM in full guarantees within nine months, essentially tethering the defensive tackle to Philadelphia’s payroll for the next three seasons
.
However, the Broncos have increased their efforts to retain Miller by Friday’s deadline, pushing more guaranteed money toward the former No. 2 overall pick within the first nine months of the prospective deal. Miller’s camp has not accepted or rejected these new terms, and either way, a resolution is coming this week.
Miller’s options remain the same, realistically speaking: sign a long-term deal by July 15, or play 2016 on the exclusive franchise tag. The 27-year-old pass-rusher has threatened to hold out, refusing to play the season on the tag, but would miss out on $14MM+ if he sat out the season. However, he may need to keep up this threat since the Broncos aren’t negotiating against any other team like the Dolphins were with Suh or Giants with Olivier Vernon.
The Broncos have received an incredible bargain from Miller. In his initial five seasons with the Broncos, Miller earned barely half of what Suh raked in ($60MM) in his five Lions years after being drafted No. 2 overall under the old CBA.
Latest On Miller, Sanders; How To Replace Malik Jackson
- Jason Cole of Bleacher Report has a non-update update on Von Miller, tweeting that there is no news of any kind to pass along on the negotiations between the Broncos star and the club today. Mike Klis of 9News.com, though, reports that there is a reason for that lack of news. Klis says that the two parties are expected to think about where they are in negotiations today, but not necessarily talk about it. Talks are expected to resume tomorrow, as neither side wants to jeopardize the progress that has been made in recent days.
- We heard several days ago that contract talks between the Broncos and wideout Emmanuel Sanders have been put on hold, and Mark Kiszla of The Denver Post opines that although Sanders deserves top dollar, he will probably have to leave Denver as a free agent after the 2016 season to find it. As Kiszla writes, the Broncos’ way of doing business doesn’t seem to be quite as generous now that Pat Bowlen is no longer in charge of day-to-day operations.
- Andrew Mason of DenverBroncos.com looks at how the Broncos might go about replacing Malik Jackson, and Mason writes that the Broncos will likely turn to a committee approach, with Vance Walker at the head of the committee.






receive starter-level cash, at least not guaranteed. The self-represented player took the same two-pronged deal
pion.
s darling in 2013-14 as a part-time player in Jack Del Rio‘s 4-3 defense, Jackson broke out as a starter in his contract year despite playing his third position in three seasons. The former fifth-round pick lined up as a 3-4 five-technique end after spending the ’13 season as a 4-3 three-technique tackle — where he’ll start in Jacksonville — and ’14 slate as a 4-3 end. Jackson became the eighth-highest-paid defensive lineman at $14.25MM per year this offseason, and the Broncos will likely turn to a committee to replace him at right defensive end.
with Sanchez as a veteran gatekeeper option will force Lynch to the field far quicker than Osweiler got there. The mobile Lynch threw 28 TDs compared to four INTs in the mid-major American Athletic Conference last season but is viewed by most experts as a project. Reports of the Broncos deeming him ahead of schedule notwithstanding, he remains behind Sanchez and 
