The Von Miller deal is done. Mike Klis of 9news.com in Denver has most of the details. Here they are:
1. $23 million signing bonus;
2. $2 million “salary and workout bonus other bonuses” for 2016, all guaranteed. (It’s technically too late to earn workout bonuses; the offseason program is over.)
3. $17 million in salary and bonuses for 2017, fully guaranteed.
4. $19 million salary and bonuses for 2018, guaranteed for injury only at signing and fully guaranteed on March 2017.
5. $17.5 million in salary and bonuses, $9 million of which is guaranteed for injury only at signing, in 2019. The $9 million becomes fully guaranteed in March 2018.
6. A total of $36 million in salary and bonuses for 2020 and 2021 combined. None of which is guaranteed.
It works out to $42 million fully guaranteed at signing, $61 million fully guaranteed by March 2017, and $70 million fully guaranteed by March 2018.
As a practical matter, he’ll get the $70 million. If they cut him before March 2017, they’ll have $35.4 million in dead money under the cap. If they cut him before March 2018, they’ll have $32.8 million in dead money under the cap.
So it’s a three-year, $70 million deal with a team option, year-to-year, for the back end at three more years and an extra $44.5 million.
In all, it’s the richest deal ever given to a defensive player. Imagine how much more he would have gotten if he’d been able to go to the open market.