Chuck Hickey, KDVR - ENGLEWOOD, Colo. (KDVR) — Linebacker Von Miller and the Broncos came to an agreement on a long-term contract Friday that makes the Super Bowl 50 MVP the highest paid nonquarterback in NFL history, Miller said on Twitter on Friday.
The six-year contract is worth $114.5 million with $70 million in guarantees. The deal comes before both sides needed to get a long-term agreement to NFL headquarters by Friday's 2 p.m. deadline.
Miller held out of the team's offseason programs as he sought a long-term contract from the Broncos, who placed the exclusive franchise tag on him in March. The tag gave the Broncos exclusive negotiating rights with the linebacker.
If a longer deal wasn't reached, Miller could have played this season for $14,129,000 under the franchise tag, but he said there was "no chance" that would happen.
In June, it was reported Miller turned down a contract that included $39.8 million in guaranteed money. If a deal hadn't been reached by Friday, the sides would not have been able to negotiate a longer contract until Jan. 2.
In June, Miller said on Chelsea Handler's Netflix show that he did not expect to sit out the season, but he would like more stability from the organization.
Broncos general manager Elway restarted talks last week by offering to move up the guaranteed money in the third year of the contract to March, then upped the overall guaranteed money.
The guaranteed money is more than what the Philadelphia Eagles' Fletcher Cox received last month — $63 million — and is the most money given to a nonquarterback in the NFL.
Miller expected negotiations to be peaceful hours after the Broncos beat the Carolina Panthers, 24-10, in Super Bowl 50 in which the linebacker has two sack-strips that led to both Broncos touchdowns.
But last month, after details of the contract became public, Miller cropped Elway from a photo on his Instagram account, then followed up with his threat to not play under the franchise tag.