Per Adam Schefter, the Denver Broncos offered Von Miller a 6-year, $114.5 million deal with $39.8 million in guaranteed money within the first two years.
Broncos proposed 6-yr, $114.5M deal to Von Miller that includes $39.8M gtd in first 2 years, per sources close to Denver. No deal in sight.— Adam Schefter (@AdamSchefter) June 8, 2016
Back in February, our resident capologist gave her hypothetical contract and the Broncos blew that out of the water with this one. At the time, there was plenty of uncertainty with cap space and the quarterback position. Drafting Paxton Lynch opened up some flexibility on the cap side of things, which ultimately helped John Elway enter record-setting territory with Miller's contract offer.
With no deal still in sight, the negotiations are likely now coming down to guaranteed money. Miller would like to see closer to $60 million in guarantees, so that could be why this current offer isn't going to be the final one. Miller deserves to be included in this category of player contracts, for sure.
Justin Houston signed a 6 year, $101,000,000 contract including a $20,500,000 signing bonus, $52,500,000 guaranteed, and an average annual salary of $16,833,333.
If Miller wants to be the highest-paid defensive player, he will have to top the contract the Miami Dolphins gave to defensive tackle Ndamukong Suh. He signed a 6 year, $114,375,000 contract with the Miami Dolphins, including a $25,500,000 signing bonus, $59,955,000 guaranteed, and an average annual salary of $19,062,500.
Still, this is significant movement in the right direction, which makes a final deal by the July 15th deadline much more likely.
What do you think of this contract offer, Broncos Country?