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Russell Wilson agrees $245 million contract extension with Broncos

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Russell Wilson and the Denver Broncos doubled down on their newly formed partnership on Thursday, adding to the string of mega deals for NFL quarterbacks negotiated this year.

Wilson, who was traded to the Broncos by the Seattle Seahawks in March, agreed to a five-year contract extension with his new team. Worth $245 million. Wilson had two years and $51 million left on his previous deal and is now signed with the Broncos for the next seven seasons and $296 million. Wilson turns 34 in November.

The Broncos’ new ownership group, led by Walmart heir Rob Walton, bought the franchise from the Pat Bowlen Trust for $4.65 billion. This is a record sale price for an NFL team. The league’s team owners formally approved the sale last month.

Wilson’s extension with the Broncos will last until the 2028 season, during which he will turn 40. He was named to the Pro Bowl nine times in ten seasons with the Seahawks and contributed to the Super Bowl title in the 2013 season. is hoping for

The Broncos have draft picks that include quarterback Drew Locke, tight end Noah Fant, defensive lineman Shelby Harris, and a pair of first- and second-round picks. to the Seahawks for Wilson and a fourth-round pick. .

Prior to the trade, there was speculation that the Broncos would be looking to acquire Green Bay Packers quarterback Aaron Rodgers. Instead, Rodgers stayed at Green Bay, agreeing a three-year contract extension worth just over $150 million in March.

Deshawn Watson signed a five-year deal with the Cleveland Browns and was traded for $230 million in March.7 In May, Kyler Murray agreed to a five-year, $230.5 million contract extension with the Arizona Cardinals that included a $160 million bond.

The Cardinals don’t trust Kyler Murray, so how can Murray trust the Cardinals?

Next may be former league MVP Lamar Jackson, who is in extension talks with the Baltimore Ravens. 2020 NFL Draft picks Joe Burrow of the Cincinnati Bengals and Justin Herbert of the Los Angeles Chargers are eligible for contract extensions after the 2022 season, under NFL rules.

Watson signed the deal while facing allegations of sexual misconduct by women in more than 20 civil lawsuits. Watson has denied his allegations and he has not been charged with a crime. However, he is serving an 11-game suspension for violating the NFL’s Personal Conduct Policy under a settlement reached between the league and the NFL Players Association. , the Browns are upset that they gave Watson a fully guaranteed contract, especially under the circumstances, several people familiar with the inner workings of the league have said in recent months.

But if Jackson, who doesn’t have an agent and represents himself in negotiations with the Ravens, wants a fully-guaranteed deal like Watson did, he now has two deals that have been made since then. We’re facing a precedent that giant quarterback deals – Murray and Wilson – aren’t perfect.

Jackson is entering the final season of his contract after the Ravens exercised a fifth-year option on his first rookie deal. Although he would be eligible for unlimited free agency in the spring, Baltimore could use the franchise player tag on him. is alluding to

“I think we have a fully insured contract ship sailing (at least for now),” former agent and salary cap expert Joel Corry said. wrote on twitter on thursday“If Russell Wilson didn’t get one after the Broncos gave up multiple players, what would it be? [and] Earn multiple first-round picks for him with the richest new owner in NFL history.

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