Von Miller will not play this season under the franchise tag, after signing a six-year contract extension with the Broncos worth up to $114 million, NFL.com’s Ian Rapoport reports. The Broncos announced the signing Friday.
The deal includes $70 million in guaranteed salary that becomes fully guaranteed in March 2018, according to Rapoport.
“I’m super happy and excited to be back with my teammates for the next six years,” Miller said in a statement. “This is something I really wanted – to stay with the Denver Broncos. I am so appreciative and grateful for this opportunity. I want to thank Mr. Bowlen, Joe Ellis, John Elway and Coach Kubiak for making this possible. I’m also thankful for the way my teammates and our fans have supported me. I’m excited for the future and ready to get back to work.”
Miller remained adamant this off-season that he would not play under the one-year, $14 million franchise tag. The Broncos’ first offer reportedly included $38.5 million in guaranteed money.
“Von’s earned this contract not only for what he’s done in the past but for what we believe he’ll do in the future,” executive vice president of football operations and general manager John Elway said. “This was a long process that ended the way we all wanted – with Von being part of the Denver Broncos for many more years. Our team had a tremendous year last season, and the way Von performed the final few weeks was such a big part of our Super Bowl run. Going forward, we expect great things from Von not only on the field but with the responsibility he has as a leader on the team. I’m proud of how we’ve handled this situation and give credit to everyone on our staff who helped get this done.”
The deadline for franchise-tagged players to sign long-term extensions was Friday at 4 p.m. ET.
His $70 million in guaranteed salary is among the highest in NFL history.
Miller had 35 tackles and 11 sacks in 16 games last season. He was named the MVP of Super Bowl 50 after recording six tackles, 2.5 sacks and two forced fumbles.
The Broncos selected Miller with the second pick in the 2011 draft. He has played his entire five-year career in Denver.