Report: Broncos, Miller reopen contract talks

The Denver Broncos and the representatives of linebacker Von Miller have reopened contracts talks with the July 15 deadline looming, reports ESPN's Adam Caplan.

General manager John Elway spoke to Miller's agent, Joby Branion, over the Fourth of July weekend. He also recently spoke directly to Miller by phone, along with Joe Ellis, the team's chief executive officer and president, reports Mike Klis of 9News.

While communications have restarted, there hasn't been any developments in terms of an improved offer to Miller, notes Klis.

Negotiations between the two parties are believed to have been at a standstill ever since Miller rejected the Broncos' six-year, $114.5-million contract extension offer.

The issue for Miller is reportedly the lack of guaranteed money past the first two years of the deal offered by the Broncos.

If Denver cannot ink Miller to a new deal by the deadline, the only options would be for him to play under the $14.129-million franchise tag or sit out the entire 2016 season.

The Broncos would not consider rescinding the tag from Miller - like the Carolina Panthers did with cornerback Josh Norman - and it's "highly unlikely" they'll look to trade the five-year veteran, sources told Klis.

Caplan predicts the Broncos and Miller's reps will talk again later this week, but the clock is ticking for the two parties to come to terms.