According to 9News’ Mike Klis, the Broncos will pick up Von Miller’s team option for the 2021 season.
The Broncos will exercise the $7 million guarantee option on Von Miller's $18 million salary for 2021, per source. Von stays. #9sports
— Mike Klis (@MikeKlis) March 16, 2021
Miller was set to become an unrestricted free agent for the first time in his NFL career if the Broncos did not pick up the option.
The move means the Broncos can still negotiate with the 31-year-old to either cut his 2021 cap hit or extend him on a long-term deal.