Denver Broncos place franchise tag on Von Miller

The Denver Broncos officially placed the exclusive franchise tag on Von Miller.

The Denver Broncos placed an exclusive franchise tag on linebacker Von Miller, the announced on Tuesday.

Miller, 26, the reigning Super Bowl MVP, is at the end of his rookie contract and will remain with the team next season.

Franchise-tag players are offered one-year guaranteed deals for the average salary of the top-five highest paid players at their position. The Broncos will retain Miller’s exclusive negotiation rights.

• PETER KING: The Von Miller Experience

Miller told NFL Network on Monday that he’d like to spend his entire career in Denver.

“I have never been franchised before so I can’t really say, ‘Hey I don’t want to be franchised. I don’t want to do this.’ I can tell you what: I want to be with the Denver Broncos,” Miller said. “I want to be with Derek Wolfe, Chris Harris, all those guys, DT (Demaryius Thomas). I want to be with those guys my whole career, and whatever it takes to get it done I am down for.”

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Miller recorded 2.5 sacks and forced two fumbles during the Super Bowl, and made 35 combined tackles with 11 sacks, four forced fumbles and three fumble recoveries last season.