Report: Franchise tag coming for Von Miller

AP

As expected, the Broncos and linebacker Von Miller have been unable to strike a deal on a long-term deal. It means, according to ESPN’s Adam Schefter, that the Broncos will apply the franchise tag to Miller.

Schefter’s report doesn’t address whether the Broncos will use the non-exclusive or exclusive version of the tag. The non-exclusive tag, which would allow another team to sign Miller to an offer sheet and swipe him in return for two first-round draft picks if the Broncos don’t match the offer, would cost $14.129 million for 2016, fully guaranteed. (The ESPN.com story incorrectly explains that the franchise tag is calculated based on the average of the top players at his position. The 2011 CBA created a more complicated formula that is driven by the average percentage of the total salary cap that the franchise tag consumes over a five-year period.)

The exclusive franchise tag would be based on the average of the five highest 2016 cap numbers for all linebackers, measured as of the conclusion of the period for signing restricted free agents to offer sheets, in April. PFT previously has reported that the exclusive tag for linebackers currently is on track to by $14.04 million — less than the non-exclusive tag.

So the Broncos should, and likely will, use the exclusive tag, slamming the door on the possibility of another team taking him away. If the Broncos don’t use the exclusive tag, it could be a sign that they’d be willing to take a pair of first-round draft picks (and the rookie wage-scale contracts that go with them) in lieu of breaking the bank for Miller.

Some have suggested that Miller wants to be paid on par with Dolphins defensive tackle Ndamukong Suh. But Suh’s contract was driven not by the franchise tag but by the open market. Under the franchise tag, a long-term deal for Miller fairly should be based on a first-year guaranteed payment of $14.129 million and a second-year raise of 20 percent (to $16.95 million); that’s roughly $31 million fully guaranteed, at a minimum, that the Broncos should pay Miller right out of the gates.

Alternatively, Miller could go year to year under the tag, getting $14.129 million this year, $16.95 million next year, and forcing the Broncos to give him a market-value deal or a 44-percent raise for 2018, which would push his compensation all the way to $24.408 million for one year. Under that approach, however, Miller would bear the injury risk for two full seasons beyond the five he’s already played without getting a second contract.

The other problem for the Broncos is that, until Miller signs a long-term contract (the deadline is July 15), he’ll likely boycott offseason workouts. Last year, G.M. John Elway expressed frustration with that approach.

22 responses to “Report: Franchise tag coming for Von Miller

  1. Pay less to be exclusive……..seems like a sure thing that Von Miller will be staying put……He should take the money, play this year the same as last and hit the open market……Likely he would be the biggest FA signing next off season in history.

  2. There is still the possibility some team ships out two first rounders to land him. Next season he will be just 27 years old.

  3. All draft picks are essentially a roll of the dice. Franchises will trade multiple high picks for one roll. Sometimes you get a Julio Jones and sometimes you get an RG3.

    I find it interesting more teams arent willing to pull the trigger for the real deal.

  4. The Broncos won the super bowl so there really is very little pressure on them to act with an desperation whatsoever.

    Miller should sign the tag and get a good insurance policy.

  5. Von Miller’s value is worth at least $20 million per year. Minimum. He proved he is more valuable the most elite quarterbacks. By himself, he beat the Patriots twice. He beat the Packers down to a pulp. He made Cam Newton look inept. Honestly, if I am his agent, I ask for $25 million a year starting. Highest contract in NFL history. Somebody will pay it if Denver doesn’t. I bet he is already planning for his holdout. Denver will cave when they realize they’ll start losing games when he isn’t out there. Miller holds the upper hand at this table. Pay up, Elway. That’s the cost of drafting a superstar.

  6. Not sure who’s the most valuable defensive player in the league, jj watt or von Miller, either way they are both worth every penny

  7. I’d love Von to stay a bronco for life–but if any team wants him–two first rounders is a quite tempting offer. No doubt some teams will think he can push them over the edge. The tag on Miller effectively means the Broncos lose Malik Jackson though.

  8. If I’m Elway I make him the highest paid defensive player by a wide margin. I would rather have Miller over Watt or any teams next 2 first rounders even the Browns.

  9. I guess players who use peds are rewarded. How many broncos have been suspended for them and they haven’t given pedton his yet. Either make them legal so every team is on a level playing field or ban these guys for the season. Right Roger?

  10. “taintedsaints2009 says:
    Feb 28, 2016 12:56 AM

    Von Miller’s value is worth at least $20 million per year. Minimum. He proved he is more valuable the most elite quarterbacks. By himself, he beat the Patriots twice. He beat the Packers down to a pulp. He made Cam Newton look inept. Honestly, if I am his agent, I ask for $25 million a year starting. Highest contract in NFL history. Somebody will pay it if Denver doesn’t. I bet he is already planning for his holdout. Denver will cave when they realize they’ll start losing games when he isn’t out there. Miller holds the upper hand at this table. Pay up, Elway. That’s the cost of drafting a superstar”

    – Saints Management

  11. I guess players who use peds are rewarded. How many broncos have been suspended for them and they haven’t given pedton his yet. Either make them legal so every team is on a level playing field or ban these guys for the season. Right Roger?

    Tom get over it the broncos beat you twice!!

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