Miller has agreed to a six-year, $114.5 million contract extension with the Broncos that includes $70 million in guarantees, 9News Denver reports. Miller's extension makes him the highest-paid defensive player in NFL history. After earning Super Bowl MVP honors while leading the Broncos to their third championship, Miller was rightfully Denver's biggest offseason priority. Although negotiations came down to the wire of Friday's deadline for franchise tagged players to reach a long-term deal, Miller is now locked down for the foreseeable future, ensuring the Broncos' defense remains one of the league's elite heading into the 2016 campaign.
Miller is expected to sign a six-year contract extension with the Broncos on Friday that will net him $114.5 million and $70 million guaranteed, Adam Schefter of ESPN reports. Coming off an MVP performance in Super Bowl 50, Miller was expected to secure a huge contract. The teams agreed upon the $114.5 million and six years earlier in the week, with the guaranteed money being the only snag to completing the deal. When officially signed, the contract will make Miller the highest paid non-quarterback in NFL history in terms of guaranteed money. The deal will also make him the highest-paid player in Denver's franchise history.
Miller and the Broncos have made significant progress in negotiations over securing a long-term contract before Friday's deadline, 9News Denver reports. Miller received the Broncos' exclusive franchise tag back in March, but recently proclaimed he will not play under such designation in 2016, making Friday's deadline to reach a long-term extension all the more important. As it stands, the Broncos' total six-year, $114.5 million offer has been approved by Miller's camp, but his representatives are still negotiating the guaranteed portion of that potential deal. Ultimately, Miller is expected to command more than the $63 million guaranteed that Eagles' defensive lineman Fletcher Cox agreed to last month, which would give Miller the highest guarantee for a non-quarterback in NFL history.
Miller has proclaimed that he will not play the 2016 under the franchise tag, FOX31 Denver reports. This social media proclamation comes right after Miller claimed that he could not see himself playing for another team or sitting out the 2016 season. While this might seem like an about-face, Miller is simply reducing options, leaving - surprise, surprise - a long-term deal as the lone remaining choice. Miller wants a long-term deal and he wants to get paid upfront. Any public comments between now and the July 15 deadline for franchise-tag players will likely come down to that very point.
Miller does not anticipate sitting out this season or playing for another team, the Denver Post reports. The Broncos' and Miller's standoff has been dissected almost daily, with even the stud linebacker's Instagram providing fodder. A few positive remarks in an interview should not be seen as a turning point, but they are certainly better than the harsher stances fellow stars have made with their teams during negotiations. Don't expect for him to back down, however. In the end, Miller's positivity comes from the knowledge that the market favors him, especially following Fletcher Cox's $103 million contract, and that the Broncos will have little choice other than upping their offer.
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