Russell Wilson reaches a five-year contract extension with the Broncos
Sep 1, 2022, 7:00 AM
(Photo by Helen H. Richardson/MediaNews Group/The Denver Post via Getty Images)
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.