Latest on Russell Wilson’s Broncos deal
After the last set of quarterback deals pushed Russell WilsonThe Seahawks built contract in 2019, the Broncos changed that with an extension deal. Wilson’s first deal in Denver came with two years remaining on his previous pact, separating him from the 2015 and 2019 Seattle renewals he signed. Each of these came before a contract year.
Wilson, 33, is locked until 2028. The five-year, $245 million contract includes $165 million in total guarantees, and OverTheCap says $124 million is locked at signing. Full Warranty and Signature Guarantee numbers are second to none Deshaun WatsonBrowns’ breakthrough extension (five years and $230 million fully guaranteed). A $50 million signing bonus is part of Wilson’s guarantee, Klis adds.
Wilson’s fourth NFL contract features a key date in March 2024. On the fifth day of the 2024 league year, Wilson remaining on the Broncos’ roster would trigger a $37 million guarantee for 2025, 9News’ Mike Klis reports. Because the Broncos owe Wilson $39 million in 2024, there’s a good chance he’ll be on the team’s roster that year. Committing to the 2025 payment would make it a four-year, $161 million guaranteed deal for the Broncos.
Although the Eagles, Rams, Falcons and Seahawks have bailed out the big cap numbers for their starting quarterbacks via trades over the past two offseasons, the Broncos have made acquiring a player like Wilson their top priority. task in 2022. The nine-time Pro Bowler comes to Denver to end one of the longest stretches of QB instability in NFL history. The Broncos, who have started 11 quarters since Peyton Manningretired, will be just one of eight teams to start a different Week 1 QB in six straight seasons since the 1970 AFL-NFL merger. The Colts and Commanders join them in Week 1, but Wilson said he wanted to end his career in Denver. It could bring the second-longest run by a starting QB in franchise history – behind only John Elwaystay of 16 years.
Several questions created leverage for Wilson, but he didn’t choose to maximize it. The Broncos’ series of QB uncertainties has seen them part ways with eight assets – including two first-round picks – for Wilson, who is set to make his debut for a franchise that just reported an American sports record 4 .65 billion to one owner (Rob Walton) who becomes by far the richest in the NFL. Exceed Aaron RodgersA $50.3 million-AAV deal could have been in play for Wilson, apparently, this year or next, but he quit.
“For me, it’s really about winning championships and having enough space in the salary cap to [GM] george [Paton] to do his magic so we can have guys like Randy Gregory and other great players“, Wilson said. “We want to make it a place of destination.”
Denver served as a destination for four years in the 2010s, with Manning arriving in charge of several high-profile free agents – from Wes Welker at Emmanuel Sander at By Marcus Ware at Akib Talib – register. While that led to four straight playoff byes, two Super Bowls and a championship, the Broncos fell off the destination radar after Manning. Although Wilson’s contract will likely be passed on to other QBs in the not-too-distant future – potentially lamar jackson, Joe Terrier and Justin Herbert – he will wear low cap numbers for the next two seasons. Wilson’s final three seasons are also not guaranteed.
Wilson’s 2022 cap will drop to $17 million, with 2023’s number set at $22 million. Two peaks of this extension will occur in 2024 (to $35 million) and 2025 (to $55 million). Watson’s contract in Cleveland calls for a record cap of $54.9 million next year, but by the time Wilson’s $50 million-plus numbers hit, the salary cap will have risen by tens of millions. Still, it wouldn’t be surprising if the Broncos tweaked the deal over its lifetime. The chiefs did it at the beginning of Patrick Mahomes‘ extension, creating an uppercase space.
Like Wilson’s negotiations with the Seahawks in 2019, an unofficial deadline was in place. Midnight on September 1 served as an arbitrary endpoint – for 2022, at least – this time around, Mike Florio of Pro Football Talk adds. The deal was finalized minutes before that deadline, Paton said. Conversations over Wilson’s extension began shortly after the March trade, but Klis adds that they intensified when the team’s new CEO Greg Penner began working on the process with Paton and Wilson’s agent.
Despite Wilson’s accomplishments, the Seahawks were reluctant to pay him at this level, ESPN.com’s Brady Henderson tweet. It was also unlikely that Wilson had signed such a deal with his former team, by Eric Williams of Fox Sports. Issues with the team’s offensive style and offseason efforts led to Wilson’s matchups with the Seahawks, which came to a head in the 2020 season and 2021 offseason. The Seahawks praised of Drew Lock when acquired, but the former Broncos second-rounder will start the season as a Geno Smithis the backup. Smith and Wilson will face off on the first Monday night of the season.