The Broncos have formally exercised their fifth-year option on standout pass rusher Von Miller, reports Mike Klis of the Denver Post. The decision had long been expected, having initially been reported by Klis in late March.
After earning Pro Bowl nods in each of his two NFL seasons, Miller’s 2013 campaign got off to a late start after he served a six-game suspension, and came to an early end with an ACL tear. In his last full season (2012), Miller recorded a career-high 18.5 sacks to go along with 68 tackles, ranking as the league’s best 4-3 outside linebacker by a wide margin, according to Pro Football Focus’ advanced metrics (subscription required). Even in his abridged 2013 season, the 25-year-old was PFF’s highest-graded 4-3 OLB.
By picking up the option, Denver keeps Miller under contract through the 2015 season, with that fifth-year option worth $9.754MM, as our tracker shows. The two sides can still work out a longer-term agreement at any time, but if they don’t reach a new deal, Miller’s fifth-year salary will become fully guaranteed on the first day of the ’15 league year.