Broncos Picking Up Von Miller’s $18M Option

Broncos GM John Elway says he plans to pick up LB Von Miller‘s team option, per Nicki Jhabvala.

This move is expected despite some speculation the rebuilding Broncos could cut ties with Miller. Miller will make $18 million in 2020 with $6 million fully guaranteed and count $25.625 million against the cap, per Tom Pelissero.

Miller, 30, 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.

The Broncos signed Miller to a six-year, $114 million extension in 2016 with $70 million guaranteed. Miller will make base salaries of $17.5 million each of the next two seasons.

In 2019, Miller appeared in 15 games for the Broncos and recorded 46 tackles, eight sacks and two pass defenses. Pro Football Focus has him rated as the No. 25 edge defender out of 111 qualifying players.