Broncos place franchise tag on Von Miller

Super Bowl MVP Von Miller. (Jack Dempsey/AP)

ENGLEWOOD, Colo. — The Denver Broncos have placed their exclusive franchise tag on Super Bowl 50 MVP Von Miller.

That guarantees the star pass rusher a salary of $14.129 million for 2016.

However, both sides are confident they’ll work out an extension before the July 15 deadline that will make Miller yet another $100 million player.

No other team can negotiate with Miller, who led Denver’s destructive defence to a 24-10 victory over Cam Newton and the Carolina Panthers in the Super Bowl last month.

General manager John Elway had hoped to get a deal done with Miller's agent by Tuesday so he wouldn't have to use the franchise tag on the outside linebacker who has 60 sacks in his first five NFL seasons.