Russell Wilson has agreed to a $245 million contract extension with the Broncos

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

Wilson was traded to the Seattle Seahawks to the Broncos in March, has 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 familiar with the deal. Wilson had two years and $51 million left on his previous contract and is now under contract with the Broncos for the next seven seasons at $296 million. Wilson turns 34 in November.

The Broncos’ new ownership group, led by Walmart heir Rob Walton, bought the rights $4.65 billion from the Pat Bowlen Foundation, a record sale price for an NFL team. The team owners of the league duly approved the sale Last month.

Wilson’s extension with the Broncos runs through the 2028 season, when he turns 40. He was a nine-time Pro Bowl selection in 10 seasons with the Seahawks, helping them to a Super Bowl title in the 2013 season. The Broncos hope his arrival will turn around the fortunes of a team that has missed the playoffs for six consecutive seasons.

The Broncos traded a package of draft picks that included quarterback Drew Lock, tight end Noah Fant, defensive end Shelby Harris and a pair of first-round picks and a pair of second-rounders to the Seahawks and a fourth-round pick for Wilson. .

Before the trade, there was speculation that the Broncos would pursue a deal for Green Bay Packers quarterback Aaron Rodgers. Instead, Rodgers stayed in Green Bay. Agreed in March to a three-year contract extension worth more than $150 million.

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This is the first in a series of new contracts for key quarterbacks across the league. Deshaun Watson signed a five-year contract with the Cleveland Browns Traded for him in MarchWorth 230 million dollars. In July, Kyler Murray Agreed to a five-year, $230.5 million extension $160 million guaranteed with the Arizona Cardinals.

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

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

Watson signed his contract when confronted Allegations of sexual misconduct More than two dozen civil cases were filed by women. Watson has denied the allegations Not charged. But he is Serves an 11-game suspension Under an agreement reached between the league and the NFL Players Association for violating the NFL’s personal conduct policy. Some owners of NFL teams were upset that the Browns offered Watson a fully guaranteed contract, especially under such circumstances, several people familiar with the league’s inner workings have said in recent months.

But if Jackson, who does not have an agent and is representing himself in negotiations with the Ravens, wants a fully guaranteed deal like Watson, he now faces the prospect of two of the biggest quarterback deals made since — Murray and Wilson — not fully. Guaranteed.

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Jackson is entering the final season of his contract after the Ravens exercised the fifth-year option on his original rookie deal. He is eligible for unrestricted free agency in the spring, although Baltimore can use its franchise player tag. He has hinted that he will cut off extension talks when the regular season starts on September 11th.

“I think the whole guaranteed contract ship has gone (at least for now),” salary cap expert Joel Corey, a former agent, said. he wrote on Twitter on Thursday. “If the Broncos don’t get Russell Wilson after giving up so many players [and] Lots of first-round picks for him with a new owner who is easily the richest in NFL history, and good luck to everyone else.”

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