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.
Von Miller and the Broncos have agreed on his 6-year deal, as expected. He gets $114M and $70M in guarantees.— Ian Rapoport (@RapSheet) July 15, 2016
A report from 9News in Denver clarified the exact amount and timing of Miller's guarantees.
V Miller to get $23M SB; $42M full gua after yr 2; $61M with early trigger after yr 3; $78.5M after yr 4 ($9M of $17.5M has early trigger)— Mike Klis (@MikeKlis) July 15, 2016
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.
|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.
Many of Miller's peers congratulated him on what the apparently felt was a well-deserved pay bump.
Well deserved @Millerlite40 Congrats brother ... 💰💰💰— fletcher cox (@fcoxx_91) July 15, 2016
Very well deserved. Congrats @Millerlite40!— JJ Watt (@JJWatt) July 15, 2016
Congrats big homie https://t.co/JooLu7kx5P— Mike Evans (@MikeEvans13_) July 15, 2016
@Millerlite40 yessir bout time— Anthony Barr (@itheeayb) July 15, 2016
70 million👀. #WellDeserved— Michael Griffin (@MikeGriff33) July 15, 2016
Congrats to @Millerlite40 on the deal! That's major!— ♛Chandler Jones (@chanjones55) July 15, 2016
Congrats my dog @Millerlite40!! 2011 draft class legendary!!— Mark Ingram II (@MarkIngram22) July 15, 2016
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.