Russell Wilson Agrees To 245 Million Contract Extension With Broncos

Comment Russell Wilson and the Denver Broncos doubled down on their fledgling partnership on Thursday, adding to the series of big NFL quarterback deals that have been negotiated this year. Wilson, who the Seattle Seahawks traded to the Broncos in March, agreed to a five-year contract extension with his new team. The deal is worth $245 million, including $165 million in guaranteed money, according to a person with knowledge of the contract. Wilson had two years and $51 million remaining on his previous deal and is now under contract with the Broncos for the next seven seasons, for $296 million. Wilson will turn 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, a record sale price for an NFL team. The league’s team owners officially approved the sale last month. Wilson’s extension with the Broncos runs through the 2028 season, when he will turn 40. He was a nine-time Pro Bowl selection in 10 seasons with the Seahawks, helping them win a Super Bowl title in the 2013 season. The Broncos hope that his arrival will turn around the fortunes of a team that has missed the playoffs in six straight seasons. The Broncos traded quarterback Drew Lock, tight end Noah Fant, defensive lineman Shelby Harris and a bunch of draft picks, including a pair of first-round picks and a pair of second-round picks, to the Seahawks for Wilson and a fourth-round pick. . There was speculation, before the trade, 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 worth just over $150 million. This was the first in a series of new deals for elite quarterbacks around the league. Deshaun Watson signed a five-year contract with the Cleveland Browns, who traded for him in March, worth $230 million guaranteed. In July, Kyler Murray agreed to a five-year, $230.5 million extension with the Arizona Cardinals that included $160 million in guaranteed money. The Cardinals don’t trust Kyler Murray, so how can Murray trust the Cardinals? Next could be Lamar Jackson, the former league MVP who is negotiating an extension with the Baltimore Ravens. Joe Barrow of the Cincinnati Bengals and Justin Herbert of the Los Angeles Chargers, selected in the 2020 NFL Draft, become eligible for contract extensions after the 2022 season, per NFL rules. Watson signed his contract while facing sexual harassment allegations made by women in more than a dozen civil lawsuits. Watson has denied the allegations and has not been charged with a crime. But he is serving an 11-game suspension for violating the NFL’s personal conduct policy, based on a settlement reached between the league and the NFL Players Association. Some NFL team owners were upset that the Browns gave Watson a fully guaranteed contract, especially under such circumstances, several people with knowledge of the league’s inner workings said in recent months. I think the fully guaranteed contract ship has sailed (at least for now). 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 who is easily the richest in NFL history, good luck to everyone else. — Joel Corry (@corryjoel) September 1, 2022 But if Jackson, who does not have an agent and is representing himself in negotiations with the Ravens, wants a fully guaranteed contract like Watson’s, he now faces the precedent of the two huge deals since then — Murray’s and Wilson’s — to not fully guaranteed. Jackson is entering the final season of his contract after the Ravens exercised their fifth pick on his original rookie deal. He is eligible for unrestricted free agency in the spring, although Baltimore could use the franchise tag on him. He has hinted that he will halt extension negotiations when the regular season begins on Sept. 11. “I think the fully guaranteed ship has sailed (at least for now),” salary expert Joel Corey, a former agent, tweeted Thursday. “If Russell Wilson didn’t get one after the Broncos gave away a lot of players [and] plenty of 1st round picks for him with a new owner who is easily the richest in NFL history, good luck to everyone else.”

title: “Russell Wilson Agrees To 245 Million Contract Extension With Broncos Klmat” ShowToc: true date: “2022-11-08” author: “Sergio Putman”

Comment Russell Wilson and the Denver Broncos doubled down on their fledgling partnership on Thursday, adding to the series of big NFL quarterback deals that have been negotiated this year. Wilson, who the Seattle Seahawks traded to the Broncos in March, agreed to a five-year contract extension with his new team. The deal is worth $245 million, including $165 million in guaranteed money, according to a person with knowledge of the contract. Wilson had two years and $51 million remaining on his previous deal and is now under contract with the Broncos for the next seven seasons, for $296 million. Wilson will turn 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, a record sale price for an NFL team. The league’s team owners officially approved the sale last month. Wilson’s extension with the Broncos runs through the 2028 season, when he will turn 40. He was a nine-time Pro Bowl selection in 10 seasons with the Seahawks, helping them win a Super Bowl title in the 2013 season. The Broncos hope that his arrival will turn around the fortunes of a team that has missed the playoffs in six straight seasons. The Broncos traded quarterback Drew Lock, tight end Noah Fant, defensive lineman Shelby Harris and a bunch of draft picks, including a pair of first-round picks and a pair of second-round picks, to the Seahawks for Wilson and a fourth-round pick. . There was speculation, before the trade, 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 worth just over $150 million. This was the first in a series of new deals for elite quarterbacks around the league. Deshaun Watson signed a five-year contract with the Cleveland Browns, who traded for him in March, worth $230 million guaranteed. In July, Kyler Murray agreed to a five-year, $230.5 million extension with the Arizona Cardinals that included $160 million in guaranteed money. The Cardinals don’t trust Kyler Murray, so how can Murray trust the Cardinals? Next could be Lamar Jackson, the former league MVP who is negotiating an extension with the Baltimore Ravens. Joe Barrow of the Cincinnati Bengals and Justin Herbert of the Los Angeles Chargers, selected in the 2020 NFL Draft, become eligible for contract extensions after the 2022 season, per NFL rules. Watson signed his contract while facing sexual harassment allegations made by women in more than a dozen civil lawsuits. Watson has denied the allegations and has not been charged with a crime. But he is serving an 11-game suspension for violating the NFL’s personal conduct policy, based on a settlement reached between the league and the NFL Players Association. Some NFL team owners were upset that the Browns gave Watson a fully guaranteed contract, especially under such circumstances, several people with knowledge of the league’s inner workings said in recent months. I think the fully guaranteed contract ship has sailed (at least for now). 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 who is easily the richest in NFL history, good luck to everyone else. — Joel Corry (@corryjoel) September 1, 2022 But if Jackson, who does not have an agent and is representing himself in negotiations with the Ravens, wants a fully guaranteed contract like Watson’s, he now faces the precedent of the two huge deals since then — Murray’s and Wilson’s — to not fully guaranteed. Jackson is entering the final season of his contract after the Ravens exercised their fifth pick on his original rookie deal. He is eligible for unrestricted free agency in the spring, although Baltimore could use the franchise tag on him. He has hinted that he will halt extension negotiations when the regular season begins on Sept. 11. “I think the fully guaranteed ship has sailed (at least for now),” salary expert Joel Corey, a former agent, tweeted Thursday. “If Russell Wilson didn’t get one after the Broncos gave away a lot of players [and] plenty of 1st round picks for him with a new owner who is easily the richest in NFL history, good luck to everyone else.”