Russell Wilson and Broncos agree on a contract extension

Months after acquiring him in a blockbuster trade with the Seahawks, the Denver Broncos have signed Russell Wilson to a contract extension. The Broncos and QB Russell Wilson agreed to terms on a 5-year, $245 million extension. Wilson gets $165 million guaranteed.

Breaking down the contract

Here are the details of each year of Russell Wilson’s new contract:

  • 2022: $17 million
  • 2023: $22 million
  • 2024: $35.4 million
  • 2025: $55.4 million
  • 2026: $58.4 million
  • 2027: $53.4 million
  • 2028: $54.4 million

With the new extension, Wilson now ranks second in the top-5-highest paid QBs in terms of AAV. The full list:

Although it was a long negotiating process, the Broncos have secured their franchise QB for the next 7 seasons. Contract extension talks started months ago at the owners’ meetings in Florida. Denver had a deadline set to get the extension with Wilson done last Saturday, and although it was late both sides came to terms. With Russell Wilson’s extension, the Broncos gained $7 million in 2022 salary cap space. 

Extending Wilson is huge for the Broncos because they no longer have to worry about his contract expiring next season and him possibly becoming a free agent. Now the Broncos will turn their attention to Seattle, as they play the Seahawks in just over a week.

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