With a 2 p.m. deadline on Friday for franchise-tagged players to sign long-term contracts, it appears the sides are closing in on a deal worth $114.5 million over six years.
That's a deal similar to the one the linebacker turned down over a month ago, but there's one enormous difference—about $30 million in guaranteed money.
Broncos 6-yr, $114.5M offer to Von Miller has $70M in solid guarantees, not more. Team expected to hold firm. Deal expected Fri. #9news
— Mike Klis (@MikeKlis) July 14, 2016
The contract includes $70 million in guarantees, easily beating out Philadelphia Eagles defensive tackle Fletcher Cox's $63.3 million in guaranteed money he agreed to a month ago for the most expensive among defensive players.
Miller's $114.5 million and $70 million guarantee would be the second-largest contract in the NFL at any position, behind only Indianapolis Colts quarterback Andrew Luck's guaranteed $75 million. Luck's full contract is worth $140 million.
In 2015, the 27-year-old Miller led the Broncos in sacks for the second year in a row with 11 after posting 14 quarterback takedowns in 2014. He has 60 in 72 career games in his five NFL seasons.
As great as the Texas A&M product was in the regular season, he was lethal in the playoffs, notching five total sacks over three games—2.5 takedowns of Tom Brady in the AFC championship, and 2.5 of Cam Newton in the Super Bowl.