Jason Cole of B/R reports that despite some wondering if the Broncos could consider trading franchise OLB Von Miller, Denver is not interested in moving Miller in a trade and are instead focused on re-signing him to a long-term extension.
As of now, Cole says that no teams have contacted the Broncos about a potential trade involving Miller. However, Cole mentions a number of teams are interested in Miller and could wait to see what happens in the days leading up to the July 15 deadline to negotiate with franchise players.
Trading for Miller before the deadline would give another team the ability to negotiate an extension before he’s locked into playing out the 2016 season under the franchise tag.
One benefit to trading Miller now for the Broncos would be that they could secure 2017 draft picks for him, as opposed to getting a 2018 third-round compensatory pick.
Yesterday, numerous reports mentioned that Broncos GM John Elway personally called Miller over the July 4 weekend to personally express his desire to get a long-term extension in place before the upcoming deadline.
The expectation is that contract negotiations could pick up at some point this week, as they have just over a week to get an agreement in place before the July 15th deadline.
Joel Corry of CBS Sports also believes the two sides will eventually reach an agreement on a long-term contract.
Corry mentions that the two sides could agree to a similarly structured contract to the one signed by Eagles DT Fletcher Cox, who received a six-year, $102.6 million extension with $63.299 million in guarantees.
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’s now in line to make $15.701 million fully guaranteed for the 2016 season. However, this won’t prevent them from negotiating a long-term deal that would reduce this figure and offer them some additional cap space.
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.
We’ll have more regarding a possible extension for Miller as the news is available.