DENVER, July 15 (UPI) -- It appears the Super Bowl 50 MVP will remain in Denver.
NBC Denver reported that Von Miller is expected to sign a six-year, $114.5 million contract extension. The deal includes $70 million guaranteed. That number would rank second in guaranteed cash to Andrew Luck's mega-deal, but would be the most ever given to a defensive player.
Miller, 27, had 11 sacks, four forced fumbles, and three fumble recoveries last season. He had 13 sacks in 2014 and 18.5 sacks in 2012.
Broncos 6-yr, $114.5M offer to Von Miller has $70M in solid guarantees, not more. Team expected to hold firm. Deal expected Fri. #9news— Mike Klis (@MikeKlis) July 14, 2016
Mike Klis reported that the Broncos are expected to "hold firm" on the $70 million offer.
The deadline for the deal is 3 p.m. Friday. Miller has threatened to sit out this 2016 season if he isn't signed long term.
NFL Media Insider Ian Rapoport reported that the Broncos and Miller have made "significant progress" in their negotiations.
#Broncos & Von Miller spent the last week making significant progress on the 6-year, $114M offer. I’m told the guarantees now eclipse $70M.— Ian Rapoport (@RapSheet) July 14, 2016
The Broncos gave Miller the exclusive franchise tag on March 1, paying him $14.26 million in 2016.