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Von Miller has agreed to a new contract with the Denver Broncos that will be a game-changer for defensive players in the NFL.
The deal is reportedly a 6-year extension worth $114 million with $70 million guaranteed, according to Ian Rapoport of the NFL Network.
While the total value of the contract is on par with the 6-year, $114 million contract signed by Ndamukong Suh with the Miami Dolphins, the guaranteed portion is the largest ever for a non-quarterback in NFL history, and second only to the $87 million guaranteed for Andrew Luck. Suh’s deal included $60 million guaranteed.
As with most NFL contracts, the “guaranteed” portion is guranteed against injuries. In other words, if Miller suffers a career-ending injury, he will get at least $70 million. However, that portion is not guaranteed against poor performance.
According to Rapoport, the “fully guaranteed” portion of Miller’s contract is $42 million. This would include his signing bonus ($23 million) and in all liklihood, his salaries for the 2016 and 2017 season.
Miller and the Broncos faced a deadline on Friday of reaching an agreement on a long-term contract or be forced to play the 2016 season under the franchise tag. That would have come with a 1-year, $14.3 million contract.
Shortly after the deal was announced, Miller posted an image to Twitter with the caption “FOR LIFE.”