The tag is an exclusive one, which means Miller will not be able to talk to other teams. Unless the two sides come to an agreement on a long-term deal by July 15th, Miller will make the average of the top-five salaries at his position.
Broncos GM John Elway made the move to give the team more time to negotiate a long-term deal with the Super Bowl 50 MVP. Miller had 2.5 sacks and two forced fumbles in Denver's 24-10 Super Bowl win over Carolina. This after recording 2.5 sacks and an interception against the Patriots in the AFC title game.
The former No. 2 overall pick had 11 sacks, 35 tackles, and four forced fumbles last season, while being selected to his fourth Pro Bowl. The 26-year-old has 60 career regular-season tackles, and is now the fifth player in franchise history to be tagged.
The NFC champions used the same strategy on their star cornerback Josh Norman Tuesday, this one a non-exclusive franchise tag. The move guarantees Norman $13,952,000 this season if no deal is reached by July 15th.
The non-exclusive tag means the team has the right to match any offers that he receives.
The Panthers were reportedly in discussions with Norman's agent last Thursday at the NFL Combine. The sides are reportedly not close to an agreement, as the cornerback is aiming for a four or five year deal, worth an average of $14 million a year.
Norman turned down a multiyear deal worth around $7 million a year before the 2015 season, as he wants to be paid as much as the other top cornerbacks in the league. The tag now gives the two sides time to reach that caliber in money and years.
And it was announced about an hour prior to the deadline that the Kansas City Chiefs are keeping safety Eric Berry off the market by using the franchise tag. The team claimed their goal is to keep the 2015 Comeback Player of the Year for the foreseeable future.
Berry was diagnosed with Hodgkin's Lymphoma in November 2014 after dealing with chest tightness during a game against the Raiders. He was cleared to return to football prior to training camp last season, finishing third on the team in tackles.
The 27-year-old had two interceptions and played in his fourth Pro Bowl in six years. Berry was drafted by the Chiefs in 2010, and after bouncing back this past season, the team plans to keep him around and watch him excel on the football field once again.