Broncos extend record offer to Miller

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  • July 15, 2016 at 12:13 pm #48789
    Avatar photozn
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    Broncos extend record offer to Miller

    http://www.theredzone.org/BlogDescription/tabid/61/EntryId/57404/Source–Broncos-extend-record-offer-to-Miller/Default.aspx

    With the deadline for a long-term deal looming, the Denver Broncos have offered star middle linebacker Von Miller a record $70 million guaranteed as part of a six-year, $114.5 million deal the sides had agreed to in June, Adam Schefter and Jeff Legwold of ESPN report.

    That would make Miller the highest paid non-quarterback in NFL history (based on guaranteed money) as well as the highest-paid player in Denver franchise history.

    A source familiar with the talks said Thursday night that he was “optimistic” the deal will get done by a 4 p.m. ET Friday deadline for players who have been designated franchise players to sign long-term deals.

    Two executives from teams other than the Broncos said Thursday that Miller “would have to take it.”

    The Broncos and Miller’s agent, Joby Branion, had no substantive talks Thursday, but are expected to re-engage Friday morning, a source said. The two sides had agreed to the basic framework of the deal — six years, $114.5 million — in June, and after a negotiating respite in recent weeks, have since traded different proposals about the guaranteed money.

    July 16, 2016 at 9:20 am #48852
    Avatar photozn
    Moderator

    Done: Broncos and LB Von Miller agree to six-year deal

    http://www.theredzone.org/BlogDescription/tabid/61/EntryId/57418/Done–Broncos-and-LB-Von-Miller-agree-to-six-year-deal/Default.aspx

    Finally-the Denver Broncos have reportedly finalized a six-year deal with Super Bowl MVP linebacker Von Miller according to Rand Getlin of NFL Network.

    The exact contract numbers have not yet been released but reports earlier Friday morning listed a six-year, $114 million contract that includes $70 million guaranteed. It is easily one of the richest contracts in NFL history. Both sides won in the deal. The Broncos keep possibly the best player in the league and give themselves a realistic chance of winning back-to-back Super Bowls despite an uncertain situation at quarterback while Miller has long-term security, gets to make history with the largest amount of guaranteed money ever, and gets to stay with his chosen team and city.

    Miller will likely be the only franchise player that cashes in long-term on Friday and for a very good reason-while folks like Bears WR Alshon Jeffery, Rams CB Trumaine Johnson, and Chiefs S Eric Berry are exceptional and very valuable players, they are not indispensable to their teams’ championship dreams in the same way Miller is with the Broncos. That, my friends, is the ultimate leverage.

    July 16, 2016 at 6:22 pm #48868
    NewMexicoRam
    Participant

    Wonder what this means for their cap situation, along the lines of what info agamenon has posted before?

    Cause it sure seems sometimes like only the Rams have to follow the cap!

    July 16, 2016 at 6:31 pm #48869
    Avatar photozn
    Moderator
    NewMexicoRam wrote:

    Wonder what this means for their cap situation, along the lines of what info agamenon has posted before?

    Cause it sure seems sometimes like only the Rams have to follow the cap!

    According to OverTheCap.com, Miller’s cap hit for 2016 is 11.4 M, which they can fit right in. Starting in 2017 it goes to 20+ M a year.

    In terms of 2016, without looking at the numbers too closely, they have a normal number of players (8) occupying the “top contracts” level in their cap. Their combined cap hits for 2016 amounts to around 50% of the cap, which is normal.

    They paid for this, IMO, by not paying for Osweiller.

    …

    July 16, 2016 at 11:16 pm #48875
    Avatar photoAgamemnon
    Participant

    Rams w/o Foles
    top = 12 for 57.0% => 4.8%
    mid = 18 for 28.7% => 1.6%
    bot = 23 for 10.3% => 0.4%
    cap = 4.0%

    Denver
    top = 12 for 60.3% => 5.3%
    mid = 12 for 19.0% => 1.6%
    bot = 29 for 17.0% => 0.6%
    cap = 3.7%

    Denver is about maxed out. They are close to the Seattle model. They have put a lot into their top players. The thing about Miller is the large amount of guaranteed money. If he, for some reason, can’t perform up to contract, they will be hurt. imo

    Like zn said, they are not paying a lot for the QB position.

    Agamemnon

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