Denver Broncos outside linebacker Von Miller just became a very, very rich man. After being slapped with the Broncos’ franchise tag and then engaging in a contract dispute that lasted for virtually the entire offseason, the Broncos and Miller have agreed to a long-term extension that made the Most Valuable Player of Super Bowl 50 the highest-paid defensive player in the history of the National Football League.
Miller’s new deal was struck shortly before the NFL’s deadline for franchise tagged players to reach long-term extensions with their current team, and will pay the former Texas A&M standout a total of $114.5 miller over 6 years. The record-breaking contract includes $70 million in guaranteed money, a $23 million signing bonus, and will pay Miller at least $61 million over the first three years of the deal.
Here’s Miller’s response to the news:
FOR LIFE pic.twitter.com/ayvzpJ1WZh
— Von Miller (@Millerlite40) July 15, 2016
The guaranteed money and the per year average salary in this deal are both new NFL records for non-quarterbacks on both sides of the ball, but more importantly, Miller’s public battle against playing on the franchise tag was a major victory for future players who may find themselves in a similar situation. While it’s highly unlikely that the franchise tag will go away with the next collective bargaining agreement between the league and the NFL Player’s Union, there is no denying that, thanks to Miller, it will not be as effective on All-Pro caliber players as it once was.
Nevertheless, now that Miller’s contract dispute is settled and his threats to sit out the entire season are officially over and done with, we can move forward and look at how this mega deal is going to affect the Broncos and the rest of the league going forward.