With Miller still recovering from ACL surgery and slated to be an unrestricted free agent at the end of the 2014 season, team officials face their first major decision about Miller's contract. The team has until May 3 to exercise an option year in Miller's rookie deal that would put him under contract for 2015. With 15 days before the deadline, the Broncos had not yet reached a decision as Friday's business day drew to a close.
Denver has two weeks to decide whether it will exercise an option on Von Miller's rookie contract.
In 2011, the first year of the current collective bargaining agreement, teams were given the option of a fifth year for first-round draft picks as part of the transition to the new rookie wage scale.
The "fifth-year option" must be engaged by May 3 and the option-year salary doesn't become guaranteed until March of 2015. So, it is possible for teams to engage the option year and potentially release the player at a later date before the base salary is guaranteed.
The Broncos made Miller the No. 2 pick of that draft, behind Carolina Panthers quarterback Cam Newton. With 30 sacks over his first two seasons, including 18.5 in 2012, Miller looked to be on the fast track to elite status in the league.
Miller then opened the 2013 season with a six-game suspension for violating the league's substance-abuse policy -- a violation that now subjects him to testing up to 10 times a month for the rest of his career. Several off-the-field issues, including an arrest last summer on a failure-to-appear warrant and several traffic violations, also dogged him last year.
He then tore his ACL against the Texans' in December and again raised some eyebrows with the team when he tried to attend a Seattle Seahawks victory party following the Broncos' 35-point loss in Super Bowl XLVIII.
For the first 10 picks of the 2011 draft, the salary for the option is this year's transition tag salary in free agency at their respective positions. The figure is calculated as an average of the top 10 salaries at those spots. For Miller that would mean a $9.754 million salary if he's on the roster when the new league year begins next March.
If the Broncos decline the option and Miller returns from his injury and shows his former speed and explosiveness and more maturity off the field, the team could still use the franchise tag to keep him.
That scenario would cost slightly more since the franchise tag salary for linebackers was $11.455 million this year and could be higher next season. A franchise player's salary is guaranteed the moment the player signs the tender. Some players sign them as soon as they receive them to guarantee the money, and some wait until training camp, hoping a long-term deal is worked out instead.
The Broncos and Miller could, if both sides found some common ground, still negotiate a long-term extension.
Miller said at an appearance for his foundation Monday that he continues to work hard to return from his knee injury, and that he wants to return "a better player" than he was. The Broncos open their offseason conditioning program Monday, but Miller will not participate. He will continue with his knee rehab with the team's trainers and strength and conditioning staff.