Assuming this contract is finalized, Miller stands to make over $19 million per year.
The six-year, $114 million structure has been in place for some time now, but Miller wanted more in terms of fully guaranteed money and a better structure to the deal.
The expectation since the Broncos recently improved the amount of guarantees in their offer has been that the two sides will be able to get the details hammered out before today’s deadline to negotiate with franchise players.
Miller, 27, is a former first-round pick of the Broncos back in 2011. After playing out his rookie deal, Denver picked up his fifth-year option and later used their franchise tag on Miller this offseason. He was in line to make $15.701 million fully guaranteed for the 2016 season under the franchise tag.
In 2015, Miller appeared all 16 games and recorded 35 tackles, 11 sacks, three fumble recoveries and four forced fumbles. Pro Football Focus has him rated as the No. 2 outside linebacker in a 3-4 defense out of 53 qualifying players.