Last year, after the Chiefs applied the non-exclusive franchise tag to linebacker Justin Houston, speculation emerged that a team would gladly give up a pair of first-round picks as compensation for signing him to an offer sheet that Kansas City wouldn’t or couldn’t match. Ultimately, no one did.
This year, the Broncos plan to use the franchise tag if they can’t work out a long-term deal with linebacker Von Miller. If they ultimately apply the non-exclusive version of the tag to Miller, would another team sign the Super Bowl 50 MVP to an offer sheet?
The teams most tempted would be those currently picking at the bottom of round one, since they wouldn’t be giving up a high pick to get Miller now — and presumably wouldn’t be giving up a high pick in 2017, either.
One way for Denver to prevent an effort to swipe Miller would be to use the exclusive version of the franchise tag, which would increase Miller’s tender from the non-exclusive amount of roughly $14 million to the average of the five highest 2016 linebacker cap numbers.
Ultimately, the difference in amounts may not be significant. Making the decision to use the exclusive tag easier.
The safest course would be to get Miller signed before the deadline for using the tag. Then, it could be applied to someone else, like defensive lineman Malik Jackson. Whether they can get Miller signed before the tag deadline depends on how much Miller wants, and how much the Broncos are willing to pay. If a middle ground can’t be reached, the Broncos should consider using the exclusive version of the tag.
Otherwise, someone else could be breaking the bank for the man who did the most to shut down Carolina’s offense in the Super Bowl.