Report: Von Miller Turned Down $58 Million In Guarantees Against Injury

More details on the Broncos' offer to Von Miller are coming to light.

Wednesday, the Denver Broncos leaked the details of a contract they had recently offered to star linebacker Von Miller. At the time, we understood the offer to be a six-year deal, worth $114.5 million, with $39.8 million in guarantees to be paid out in the first two years. 

The Broncos gave Miller a June 8 deadline to accept the deal, or they'd withdraw the offer. He turned it down. And now new reports are coming out that shed a brighter light on the details of Denver's offer to Miller.

According to ProFootballTalk, the Broncos included almost $60 million in guarantees against injury:

The lapsed deal, which surely would be un-lapsed if Miller wanted to accept it, has a total injury guarantee of $58 million at signing, with the remainder of the $58 million becoming fully guaranteed on the fifth day of the 2018 league year.

Miller reportedly is seeking guarantees north of $70 million, all to be paid out within the first three years of the deal. That's a lot to ask, but considering Ndamukong Suh's deal with Miami last year that paid him $60 million guaranteed over the first three years, perhaps its not much of a stretch. 

Miller is a better player, who's impact on his team's fortunes by far outshines Suh's. Had Miller hit the open market this past March, he likely would have found a suitor willing to pay him his $70 million guaranteed in the first three years. 

Still, Miller claims he wants to be a Bronco for life, and GM John Elway's offer would have made him—by a hair—the highest-paid defensive player in the league, from an annual payout average. $58 million guaranteed against injury—the rest guaranteed on the fifth day of the beginning of the contract's third year. For the deal to be a good one, both parties have to profit from it. It has to make sense for all involved. 

Right now, Miller is making it difficult for the Broncos to do anything but cave into his every demand, no matter how unprecedented they might be. But, in negotiations, its wise to always start high. Its much easier to come down than to go up. 

In a failed attempt to bluff Miller, the Broncos manufactured a deadline. The reality, however, is that the parties have almost five weeks to whittle away at this negotiation—July 15.

I, for one, believe Miller when he says he wants to retire a Bronco. But, he'll have to be willing to sacrifice some of his financial demands in order to make it a reality. 

As Erick Trickel pointed out yesterday, if the Broncos were to franchise tag Miller for the next three seasons, the total payout would be around $55.4 million—all fully guaranteed. If Elway starts there in Denver's next offer to Miller, perhaps we can see some movement. 

Chad Jensen is the Publisher of Mile High Huddle. You can find him on Twitter @ChadNJensen.

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