The Denver Broncos and Von Miller ended an ugly back-and-forth over the team’s use of the franchise tag on their pass rusher by coming to terms on a new contract hours before the July 15 deadline. If the deal had not been reached before 4pm on Friday, no long-term contract could have been negotiated between the two sides, with Miller either having to play out the season on the franchise tag, or choose to sit out the year.
Miller’s deal is reportedly a six-year deal worth $114.5 million with $70 million guaranteed. Both the total value and the guaranteed money exceeded the six-year, $114.375 million with $59.95 million guaranteed the Dolphins gave to defensive tackle Ndamukong Suh in 2015.
The guaranteed money also surpassed the $63 million guaranteed for defensive end Fletcher Cox by the Philadelphia Eagles and the $60 million the Buffalo Bills gave to defensive tackle Marcell Dareus.
Miller’s contract has the highest non-quarterback value in the league, trailing just Jay Cutler and Andrew Luck. He has the second-highest guaranteed value in the league, behind Luck.