Yahoo Finance Broncos exercise Von Miller's $7M option for 2021 season
Von Miller's time with the Denver Broncos isn't at an end quite yet.
The Broncos have exercised the $7 million option in Miller's contract, bringing the linebacker back for the 2021 season, the team announced Tuesday.
In case you didn't get the hint ...@VonMiller's BACK.
— Denver Broncos (@Broncos) March 16, 2021
Miller, 31, has been with the Broncos his entire career, which started when Denver chose him second overall in the 2011 draft. A decade later, Miller is the all-time franchise leader in sacks with 106. He has been a Pro Bowler eight times, an All-Pro three times and was MVP of Super Bowl 50 when the Broncos took home the Lombardi Trophy.
There was some doubt that the Broncos and Miller would stay together. Miller missed the entire 2020 season when he injured his ankle just one week before the season began, and declining his option would have created just over $13 million in salary-cap space for the Broncos. And according to the Denver Post's Mike Klis, the Broncos offered Miller a restructured deal last week that he declined.
Broncos offered Miller restructured deal last week that included pay cut and Von declined, per sources. But while Broncos wanted Miller at lower price, George Paton's intention was always to keep Von. Too good a player. With 8 pass rushers avg. $15M per, Von's $18M OK. #9sports https://t.co/xoj8mr1G7y
— Mike Klis (@MikeKlis) March 16, 2021
In the end, the Broncos kept Miller at his current price ($18 million for the season) instead of using that cap space to find his replacement. He's fully healed from his season-ending ankle injury, and sounded thrilled to be staying with the only team he's ever known.
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