Miller, who was set to earn a $1 million roster bonus next week, has reportedly taken a pay cut for the remaining two years of his original contract with the Seahawks, reports Danny O'Neil of 710 ESPN Seattle radio. The reported restructuring makes it more likely Miller won't be cut before the 2015 season, either.
Here's more info from O'Neil:
Miller signed with the Seahawks in 2011 from Oakland, and he has two years remaining on his deal. His initial deal called for him to make $6 million in 2014 and he would have counted more than $7 million against the salary cap.
Miller's 2014 compensation will go down to $3 million with incentives making it possible to earn as much as $4 million.
The reported new deal could take former Green Bay TE Jermichael Finley out of the conversation for Seattle. The Seahawks were reportedly close to signing the veteran this week; it's likely those rumors spurred Miller and his agent to accept a restructured contract for 2014 and 2015.
One of the NFL's best run-blocking tight ends, Miller also caught 33 passes for 387 yards and 5 touchdowns during the Seahawks' 2013 regular season, and added 4 receptions for 46 yards in the postseason including the Super Bowl. He missed two games due to injury through the heart of the schedule.
Tight end is one of the thinnest positions for the Seahawks this offseason, with only Miller, Luke Willson and Anthony McCoy on the roster. Willson will return after a satisfactory rookie season in 2013. McCoy, who spent the entire Super Bowl-winning season on injured reserve with an Achilles injury, was the first player to re-sign with the Seahawks on the eve of free agency this week.