Report: Broncos, Miller not close to deal after 6-year, $114.5M offer

The Denver Broncos are not close to a new contract with outside linebacker Von Miller after proposing a six-year, $114.5-million deal, according to ESPN's Adam Schefter.

The proposed deal reportedly includes $39.8 million in guarantees through the first two seasons.

It will be very difficult for the sides to reach a long-term agreement before the July 15 deadline, Schefter reports, which means Miller would be forced to play under his franchise tag and be allowed to resume negotiations after the season.

Miller's franchise tag would pay him a salary of $14.129 million for the 2016 season.

The Broncos set a deadline of 10 p.m. Tuesday, but talks are reportedly still ongoing Wednesday, a source told Mike Klis of 9News.

The issue isn't the length or dollar value of the deal, adds Klis, but the structure.

The two parties reportedly came to a partial agreement on the reported contract, but the guaranteed money in the first three seasons and other structural issues is holding up negotiations.

The proposed contract would pay Miller an average of $19.08 million per year, about $20,000 more than the NFL's current highest-paid defensive player, Ndamukong Suh.

There's been no sign the Broncos intend to let Miller leave the organization.

Miller, the second overall pick in 2011, has been named an All-Pro four times in five seasons and was named Super Bowl 50 MVP. The 27-year-old has recorded 60 sacks through his first five seasons, including 11 in 2015.