No surprise here as previous reports mentioned that the team was fully expected to pick up their team option on Miller.
This move will run the Broncos $9.754 million for the 2015 season. However, this figure is guaranteed only for injury and won’t prevent them from negotiating a long-term extension that would keep Miller under team control for several years.
ESPN’s Adam Schefter reported a few months ago that the Broncos are “unwilling” to give Miller “anywhere close to the guaranteed money he will want” in his next contract.
Things may have changed in recent months, but there is no question that the Broncos will need to manage their cap moving forward given that WR Demaryius Thomas and TE Julius Thomas are both in need of new contracts.
Miller, 24, has totaled 35 sacks, 11 forced fumbles and 132 totals tackles in first three years in the league. He is a two-time Pro Bowl selection and the 2011 Defensive Rookie of the Year.
Pro Football Focus has him rated as the No. 1 4-3 outside linebacker by a huge margin.