Russell Wilson reaches a five-year contract extension with the Broncos

Russell Wilson will be in a Broncos uniform for the next seven seasons. At least.

On Thursday morning, the quarterback reached an agreement on a five-year contract extension with the team. He’s currently locked up through the 2023 season, meaning the new deal will keep Wilson in orange and blue through the 2028 campaign.

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

The contract makes Wilson the second-highest paid quarterback in the NFL. He trails only Aaron Rodgers in terms of average salary.

The top-5 highest paid QB in terms of average annual value now:
1. Aaron Rodgers: $50.271M
2. Russell Wilson: $49M
3. Kyler Murray: $46.1M
4. Deshaun Watson: $46M
5. Patrick Mahomes: $45M

— Field Yates (@FieldYates) September 1, 2022

An extension has long been in the works. Since acquiring the quarterback in March, getting Wilson under contract beyond the next two seasons was a priority for the Broncos.

The franchise was unable to move on the deal, however, until the sale of the team was complete. The transition to the Walton-Penner Family Ownership Group became official on August 9. A little over three weeks later, the new contract for Wilson is done.

Breath easy, Broncos Country. Russell Wilson isn’t going anywhere.

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