Denver Broncos QB Russell Wilson has signed and sealed his future for the remainder of his NFL career. Recently, he signed a massive, five-year contract extension with the Denver Broncos, reported Jacob Camenker for Sporting News. Wilson’s deal attaches him to the hip with the Broncos until 2029. This also makes him one of the highest-paid QB throughout the entire league.
Breaking: Broncos and Russell Wilson just reached agreement on a five-year, $245 million contract extension that includes $165 million guaranteed, sources tell ESPN.
Deal now ties Wilson to Denver for seven total years and $296 million. Another massive QB deal in the books. pic.twitter.com/uk6yelOL3j
— Adam Schefter (@AdamSchefter) September 1, 2022
Sadly, there were rumors that Wilson and his former team the Seattle Seahawks began brewing a feud because of contractual negotiations. This explains why they parted ways because the Seahawks didn’t believe it was in their best interest to spend that much money while also trying to rebuild. However, the Walton/Penner ownership group loved Wilson and thought to do the exact opposite. In August, while not offering an extension, he did offer huge praise for the excitement to have Wilson and what he can provide for the Denver Broncos going forward.
“Right away, we got a sense of how positive he is as a leader. He is just such a dynamic individual. I can’t wait to see him on the field,” Penner said, per ProFootballTalk. “At this point, nothing to say about his contract.”
NFL Network’s Ian Rapport reports that the months prior to the extension were all silent negotiations between the parties.
This was five months of negotiations that started around the time of the league meeting, all quiet. Now, a deal. https://t.co/NfUjbYdzqq
— Ian Rapoport (@RapSheet) September 1, 2022
Denver Broncos Contract Details with Russell Wilson
Wilson signed a five-year, $245 million extension, however, the details of the deal weren’t discussed much. Wilson secured $165 million of the 245 million deal guaranteed throughout his five years. He ranks third in NFL history, behind only Browns QB Deshaun Watson ($230) and Cardinals QB Kyler Murray ($189.5), per Spotrac.com.
The new deal is frontloaded, instead of, normally being backloaded. Many teams did this in the past to assure the risk factor just in case the player may have gotten hurt. However, the age of that is past us. In fact, many superstars are requesting majority of their money be guaranteed.
He’s set to make $85 million in new money over the first two seasons of his deal, reported Tom Pelissero for NFL Network. This benefits Wilson, as well as, the Broncos because it allows them to move on possibly if things don’t go to plan.
Every deal has unique circumstances so comparisons are tricky, but fair to say Wilson’s cash flow is well short of Aaron Rodgers ($150.8M over three) and Deshaun Watson ($138M). Kyler Murray got $106.15M over three with little leverage entering a cheap Year 4 on his rookie deal.
— Tom Pelissero (@TomPelissero) September 1, 2022