Charles Robinson of Yahoo Sports reports that the Broncos and franchise OLB Von Miller aren’t at all close to an agreement on a long-term extension.
According to Robinson, the two sides are believed to be as much as $20 million apart in a five-year deal or around $4 million per year.
Sources have told Robinson that the Broncos offer is believed to be worth close to $90 million over the course of five years, which is around the $18 million per year mark that has been previously reported.
Assuming these figures are accurate, it would mean Miller and his reps are seeking around $110 million over the course of five years.
Robinson mentions that Denver appears to be drawing a financial line with Miller much they’ve done with other players this offseason.
Interestingly enough, Robinson’s sources pointed to the contract extension signed by Broncos DE Dereek Wolfe as one of the main reasons for the team’s stance in regards to extensions.
“I think the Derek Wolfe deal screwed their heads up,” one agent said. “It made [Mike] Sullivan believe he could get everyone to do bad deals. There is a lot of arrogance there.”
A separate source tells Robinson of Broncos salary cap executive Mike Sullivan: “[He] tries to make everyone eat a [expletive] sandwich. And we have long memories.”
Mike Klis of 9News reported last week that Miller is expected to skip the team’s offseason program, which opens on Monday, and Robinson adds that Miller could hold out of training camp this summer.
Klis did, however, mention that the Broncos and Miller’s agent, Joby Branion, have spoken in recent days and even exchanged proposals on a new deal.
The two sides have until July to negotiate a long-term or Miller will end up playing out the year under the franchise tag and be in position to test the free agent market again in 2017.
Miller, 26, 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 long-term contract for Miller as the news is available.