Broncos’ Offer To Von Miller Includes Over $70M Guaranteed, Deal Expected To Get Done

Update:

Mike Klis of 9News confirms that the Broncos’ new offer to Von Miller has $70 million “solid guarantees” and the team is expected to hold firm with this offer. According to Klis, a deal is expected to get done on Friday.

• Klis adds that Miller would make an annual salary of $19.083 million over the course of the six-year deal and would be the highest paid defensive player in terms of guaranteed money.

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Ian Rapoport of NFL Media reports that the Broncos’ offer to franchise OLB Von Miller includes over $70 million guaranteed.

This is still part of the same six-year, $114 million the two sides have reportedly been discussing for some time now, but Rapoport says that they’ve made “significant progress.”

Rapoport doesn’t say how much of this $70 million figure is fully guaranteed, or how much he would receive in the form of a signing bonus or in the first few years of the agreement.

According to Rapoport, there is, however, growing optimism from all parties involved that a deal can be completed before tomorrow’s deadline.

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.

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.