Russell Wilson agrees to $245 million contract extension with Broncos


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Russell Wilson and the Denver Broncos doubled down on their newly fashioned partnership Thursday and added to the collection of megadeals for NFL quarterbacks negotiated this yr.

Wilson, whom the Seattle Seahawks traded to the Broncos in March, agreed to a five-year contract extension with his new staff. The deal is price $245 million, together with $165 million in assured cash, in accordance to an individual acquainted with the contract. Wilson had two years and $51 million remaining on his earlier deal and now could be beneath contract with the Broncos for the following seven seasons, for $296 million. Wilson will flip 34 in November.

The Broncos’ new possession group, led by Walmart inheritor Rob Walton, purchased the franchise from the Pat Bowlen Trust for $4.65 billion, the document sale value for an NFL staff. The league’s staff house owners formally ratified the sale final month.

Wilson’s extension with the Broncos runs by means of the 2028 season, throughout which he’ll flip 40. He was a nine-time Pro Bowl choice in 10 seasons with the Seahawks, serving to them to a Super Bowl title within the 2013 season. The Broncos hope that his arrival will reverse the fortunes of a staff that has missed the playoffs in six straight seasons.

The Broncos traded quarterback Drew Lock, tight finish Noah Fant, defensive lineman Shelby Harris and a package deal of draft picks, together with a pair of first-round decisions and a pair of second-rounders, to the Seahawks for Wilson and a fourth-round choice.

There had been hypothesis, earlier than the commerce, that the Broncos would pursue a deal for Green Bay Packers quarterback Aaron Rodgers. Instead, Rodgers stayed in Green Bay, agreeing in March to a three-year contract extension price simply greater than $150 million.

That was the primary in a collection of recent offers for distinguished quarterbacks leaguewide. Deshaun Watson signed a five-year contract with the Cleveland Browns, who traded for him in March, price a assured $230 million. In July, Kyler Murray agreed to a five-year, $230.5 million extension with the Arizona Cardinals that included $160 million in assured cash.

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

Up subsequent could possibly be Lamar Jackson, the previous league MVP who’s negotiating an extension with the Baltimore Ravens. The Cincinnati Bengals’ Joe Burrow and the Los Angeles Chargers’ Justin Herbert, who have been chosen within the 2020 NFL draft, develop into eligible for contract extensions following the 2022 season, beneath NFL guidelines.

Watson signed his contract whereas dealing with allegations of sexual misconduct made by ladies in additional than two dozen civil lawsuits. Watson has denied the allegations and has not been charged with a crime. But he’s serving an 11-game suspension for violating the NFL’s private conduct coverage, beneath a settlement reached between the league and the NFL Players Association. Some house owners of NFL groups have been upset that the Browns gave Watson a completely assured contract, notably beneath such circumstances, a number of folks with data of the league’s interior workings have mentioned in latest months.

But if Jackson, who doesn’t have an agent and is representing himself in negotiations with the Ravens, desires a completely assured contract like Watson’s, he now faces the precedent of the 2 enormous quarterback offers finished since then — Murray’s and Wilson’s — not being absolutely assured.

Jackson is coming into the ultimate season of his contract after the Ravens exercised their fifth-year possibility in his authentic rookie deal. He is eligible for unrestricted free company within the spring, though Baltimore might use its franchise participant tag on him. He has implied that he’ll minimize off negotiations on an extension when the common season begins Sept. 11.

“I think the fully guaranteed contract ship has sailed (at least for now),” wage cap knowledgeable Joel Corry, a former agent, wrote Thursday on Twitter. “If Russell Wilson didn’t get one after the Broncos gave up multiple players [and] multiple 1st round picks for him with a new owner that’s easily the richest in NFL history, good luck to everyone else.”





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