I had a little bit of time to put together a proposed contract for Von Miller that would give him more in fully guaranteed money and total guarantees, yet still give the Broncos a chance to get out of the deal after three years.
Before I get to it, Joel Corry broke down what he expects will happen with each of the franchise tagged players not signed to long-term deals. He expects Miller and the Broncos will reach an agreement, but I want to focus on the reported details he shared of where the Broncos’ last offer stands: $114.5M over six years, $38.5M fully guaranteed upon signing, $39.8M guaranteed over the first two years, $21.5M signing bonus, and $58M in total guarantees.
One comment I will make is that I am surprised the Broncos are going with a $21.5M signing bonus, because that would mean more than $4M will be pro-rated over the first five years of the deal. Assuming the Broncos keep him on the roster for at least three years, that would mean a dead money charge of more than $8M if he were to be released at that point. Of course, the Broncos aren’t guaranteed to part ways with Miller after three years and are more likely hoping Miller will be with the franchise for the next five years, but whether he actually collects money from the sixth year of the contract remains to be seen.
Continue reading Final Word On Proposed Contract For Von Miller