"I'm excited about it. It has been positive," Elway said. "We'll talk to [Miller's agent] Joby [Branion] tomorrow and see where it is. But so far it's been good. I think we're in the ballpark."
Miller capped a dominant postseason run with 2.5 sacks and two forced fumbles in Super Bowl 50, leaving no doubt about his impact on the field.
"Obviously with the career that he’s had already and the way that he played this year, we’re very hopeful that we’ll be able to get something done," Elway said, before adding that they'd rather it not reach the point that they'd need to use the franchise tag.
After holding up the Lombardi Trophy amid falling confetti, Miller has been seeing the world and basking in the experiences he's been able to enjoy, from appearing on Saturday Night Live to presenting a performance at the Grammys.
"He's been everywhere, which is good for him. He deserves it," Elway said. "I think he's done a real nice job with how he's handled everything and I just think that he's a guy we're going to keep around, so we'll get something figured out."