The Super Bowl MVP accepted the six-year offer two hours before Friday’s deadline, tweeting a photo of himself with the caption “For Life.”
Miller and agent Joby Branion parlayed patience into a record-breaking deal in terms of overall value and guarantees. Last month, Miller’s camp rejected the $38.5m the Broncos offered in guarantees, and Miller threatened to sit out the season barring a long-term deal.
Now, the versatile outside linebacker will lead Denver’s title defense instead.
The blockbuster deal includes a $23m signing bonus and will pay Miller $61m over the first eight months.
“I’m happy that both sides were able to broker a deal that works for both sides,” Branion told the Associated Press. “That’s the mark of a good negotiation. The Broncos are happy to have Von back and Von’s happy to be back.”
Both the overall value of the deal and the guaranteed money are records for non-quarterbacks. The only player with more guaranteed money is Colts quarterback Andrew Luck, who signed a six-year deal last month that includes $75m fully guaranteed and another $12m guaranteed against injury.
This article was written by Associated Press in Denver, for theguardian.com on Friday 15th July 2016 19.48 Europe/Londonguardian.co.uk © Guardian News and Media Limited 2010