ENGLEWOOD | Von Miller has agreed to a blockbuster $114.5 million contract with the Denver Broncos that includes $70 million in guarantees and makes him the highest-paid non-quarterback in NFL history.
The Super Bowl MVP accepted the six-year offer two hours before Friday’s deadline, tweeting a photo of himself with the caption “For Life.”
Miller and agent Joby Branion parlayed patience into a record-breaking deal in terms of overall value and guarantees. Last month, Miller’s camp rejected the $38.5 million the Broncos offered in guarantees, and Miller threatened to sit out the season barring a long-term deal.
Now, the versatile outside linebacker will lead Denver’s title defense instead.
The blockbuster deal includes a $23 million signing bonus and will pay Miller $61 million over the first eight months.
“I’m happy that both sides were able to broker a deal that works for both sides,” Branion told The Associated Press. “That’s the mark of a good negotiation. The Broncos are happy to have Von back andVon’s happy to be back.”
Both the overall value of the deal and the guaranteed money are records for nonquarterbacks. The only player with more guaranteed money is Colts quarterback Andrew Luck, who signed a six-year deal last month that includes $75 million fully guaranteed and another $12 million guaranteed against injury.