LOS ANGELES: Denver linebacker Von Miller agreed to a six-year, $114.5 million deal with the Broncos on Friday (Saturday in Manila) that will make him the NFL’s highest paid defensive player.
A record $70 million is guaranteed in the contract, which came hours before the NFL’s deadline for clubs to come to terms on long-term deals with the players they designated “franchise” players.
Miller’s guaranteed money is eclipsed by only that of Indianapolis quarterback Andrew Luck, who will receive $75 million in guarantees in his $140 million contract extension.
Miller gets a $23 million signing bonus and $42 million guaranteed at signing, $61 million guaranteed after the second year and $70 million guaranteed after the third year of the deal, ESPN reported.
It is the richest contract at any position other than quarterback.
Miller’s contract negotiations had turned testy since the Broncos slapped him with the “franchise” tag on March 1, in the wake of the Broncos’ Super Bowl victory over the Carolina Panthers.
If he had failed to work out a long-term deal by Friday that designation would have called for him to play one year with Denver at $14.129 million — although he insisted he wouldn’t play in 2016 without a new contract.
With the deal done, Miller took to social media to show all was forgiven, tweeting a picture of himself in a Broncos jersey with the caption “FOR LIFE”.
Miller finished last season with 11 sacks and four forced fumbles. The four-time Pro Bowl selection added 2 1/2 sacks and two forced fumbles to help the Broncos beat the Panthers in Super Bowl 50.