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The Von Miller contract details

Seattle Seahawks v Denver Broncos

DENVER, CO - AUGUST 7: Outside linebacker Von Miller #58 of the Denver Broncos hangs out in the bench area in street clothes as the Denver Broncos play the Seattle Seahawks during preseason action at Sports Authority Field at Mile High on August 7, 2014 in Denver, Colorado. (Photo by Dustin Bradford/Getty Images)

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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.