Broncos sign Von Miller for 6 years; deal worth $114.5M, sources say.

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Denver Broncos outside linebacker Von Miller is now the NFL’s highest-paid defensive player, thanks to a six-year, $114.5 million contract that includes nearly $70 million in guarantees the Super Bowl MVP signed Friday afternoon, shortly before the deadline for long-term deals for franchise-tagged players.

A person familiar with the contract, speaking on condition of anonymity because terms of the deal had not been announced, told USA TODAY Sports of the financial details.

The Super Bowl 50 MVP and the Broncos had been engaged in often-contentious contract negotiations over the past several months, ever since the team placed the franchise tag – which came with a one-year salary of $14.129 million – on Miller in March. That salary was well below market value for a player of Miller’s caliber, after he racked up 60 sacks in his first five seasons. His value sky-rocketed after a stellar 2015 postseason in which he recorded five sacks, two forced fumbles and an interception during Denver’s Super Bowl run.