Super Bowl MVP Von Miller is finally getting a long-term deal.
It’s been a long offseason for the Denver Broncos linebacker, who mismanaged his leverage in contract negotiations and nearly held out for an entire season after refusing to sign the $14 million franchise tag thrown his way by John Elway like a monkey flinging poo.
But with two hours left to spare before the franchise tag deadline, Miller and the Broncos came to terms, according to NFL.com’s Ian Rapoport.
Von Miller and the Broncos have agreed on his 6-year deal, as expected. He gets $114M and $70M in guarantees.
— Ian Rapoport (@RapSheet) July 15, 2016
Within seconds of the announcement, Miller tweeted the following:
FOR LIFE pic.twitter.com/ayvzpJ1WZh
— Von Miller (@Millerlite40) July 15, 2016
The conflict between Miller and the Broncos occurred primarily over the amount in guaranteed money. A team can offer anything they want, but it means nothing if only a small percentage of that cash is guaranteed.
But $70 million will be the second largest amount guaranteed to an NFL player and the highest all time for a defensive player (Fletcher Cox is second at $63 million). Only Andrew Luck will earn more in guaranteed money.
Denver has taken a lot of tough hits this offseason, but they’re keeping arguably their most important piece. This is tough news to teams like the Oakland Raiders and Kansas City Chiefs, who are looking for an opening in the AFC West.