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The first (and possibly only) deal of franchise tag deadline day is done.

The Denver Broncos have agreed to a six-year, $114 million contract with star pass-rusher and reigning Super Bowl MVP Von Miller, CBS Sports NFL insider Jason La Canfora reports. The contract contains $70 million in guarantees, per NFL Network.

A report from 9News in Denver clarified the exact amount and timing of Miller's guarantees.

Miller essentially confirmed that he will remain with the Broncos for a long time with this tweet:

Miller's $114 million pact becomes the second-largest deal for any defensive player behind only Ndamukong Suh, per Spotrac.

Player Years Total Value
Ndamukong Suh 6 $114,375,000
Von Miller 6 $114,000,000
Fletcher Cox 6 $102,600,000
Justin Houston 6 $101,000,000
J.J. Watt 6 $100,005,425

Miller's reported $70 million in guarantees, meanwhile, is the second-highest total for any NFL player and a record for a defensive player.

Player Guarantee
Andrew Luck $87,000,000
Von Miller $70,000,000
Eli Manning $65,000,000
Philip Rivers $65,000,000
Fletcher Cox $63,299,000

Many of Miller's peers congratulated him on what the apparently felt was a well-deserved pay bump.

Even if you think $70 million guaranteed is a bit much for a non-quarterback, it's tough to argue that Miller didn't deserve a huge payday. He has recorded 60 sacks in his five NFL seasons, more than all but five players in NFL history. That 60-sack total includes at least 11 per season in four out of five years; the only time he failed to reach 11 sacks was in 2013, when he only played in nine games.

Miller is also a four-time Pro-Bowler, two-time first-team All-Pro and a Super Bowl MVP. It's tough to think of a definitively more-accomplished player heading into his first contract negotiation.

The actual negotiations were fraught with fits and starts (and cropped Instagram photos), but ultimately the two sides were able to come to an agreement. Miller will remain a linchpin of the Denver defense for a long time, and that should make opposing quarterbacks terrified.