Von Miller's time with the Broncos isn't over yet.
With a contract decision looming for Denver, the franchise will exercise Miller's $7 million guarantee option on his $17.5 million base salary for the 2021 season, according to 9News' Mike Klis.
Broncos general manager George Paton recently said the Broncos were "working through" a decision on exercising the linebacker's option and discussing it with his Miller's agent. Denver had until Tuesday to pick up the option or Miller would have become an unrestricted free agent.
According to Klis, the team offered Miller a restructured deal last week that included a pay cut, which Miller declined.