The Broncos are likely to pick up the fifth-year team option on the contract of linebacker Von Miller.

Exercising the fifth-year option would keep the pass-rushing strongside linebacker with the club — and away from free agency — through the 2015 season.

The Broncos must exercise the option by May 3. Miller will make $3.239 million in 2014. As a top-10 pick in the 2011 draft, the fifth-year option would entitle Miller to a transition tag salary of $9.754 million in 2015. The option year is guaranteed against injury until the first day of the season, at which point it becomes fully guaranteed.

The fifth-year option for first-round picks was added to the collective bargaining agreement that was negotiated in 2011.