Von Miller has rejected the Broncos’ most recent contract offer due to a disagreement over the guaranteed money, according to multiple reports.
ESPN’s Adam Schefter reports the Broncos proposed a six-year, $114.5 million contract extension that included $39.8 million in the first two years.
Miller rejected the $114.5 million offer because it did not include enough guaranteed money, though he was amenable to the total value and length of the contract, Charles Robinson of Yahoo! Sports reports. NFL Network’s Rand Getlin reiterated Robinson’s report, saying Miller agreed to most of the six-year, $114.5 million deal, but wants a different structure with regards to guaranteed money.
Robinson added Miller could sit out the 2016 season if the contract dispute is not resolved.
Miller has not been in attendance at the team’s off-season program, but he was present at the White House ceremony to honor the Broncos’ Super Bowl 50 victory on Monday.
“We’ve made real progress over the last couple of days,” Miller said at the event. “I'm very optimistic about the whole thing. I remain optimistic about everything.”
The Super Bowl MVP has been in contract extension talks with the Broncos all off-season after the team placed their exclusive franchise tag on him in March, keeping him under team control for the coming season.
If Miller and the Broncos do not agree to an extension by July 15, the linebacker will be forced to play the 2016 season under the one-year franchise tender of about $14 million.
Miller recorded 35 combined tackles, 11 sacks and four forced fumbles over 16 games last season.