Broncos place franchise tag on Von Miller

That being said, Denver's negotiations with Osweiler have taken a backseat to their talks with Super Bowl MVP linebacker Von Miller, who is also a free agent.

Manning is now under contract with the Broncos for another season, but a decision on his retirement must come by March 9, when his $19 million for 2016 becomes guaranteed.

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.

Miller, coming off the final year of his rookie deal and a season in which he collected 35 tackles, 11.0 sacks, 4 forced fumbles and a game-changing strip sack of Panthers quarterback Cam Newton that helped the Broncs emerge from the 2015 National Football League season with the Lombardi Trophy, was always going to have a major ask on his next deal.

Elway said Thursday he would talk with Peyton again in a week to ten days (the end of next week). We're here today because of him. Absolutely not. But do I despise him like I despise the Jets?

The Super Bowl MVP would make $14.129 million in 2016 if he signs the franchise tendered offer. "He's a leader, he's a big brother to me, coach, mentor".

For now, I'm going to choose to believe that Manning retires and Elway can gush over him in the press conference and publicly everything looks like the storybook ending we all hoped it would be. "Eventually I think he winds up doing that, but not before he exhausts all options, and I think he'd like to continue playing if given the choice". A lot of us "really like to play" football.

That led NFL Commissioner Roger Goodell to say: "What an extraordinary player".

According to Jason La Canfora of CBS Sports, the Broncos placed the franchise tag on Miller on Tuesday.

The Broncos do have the luxury of using a franchise label on one free agent on their roster, and it appears likely that will happen with star outside linebacker Von Miller.

I am all for Peyton Manning taking his time, but it all depends on what the Broncos want to do. It's seem somewhat obvious in this picture capture (above) that Eli may not have been too excited about Peyton winning his second Super Bowl. He has come into his own the past two seasons and is reportedly looking to command $75 million.