Russell Wilson contract extension: Broncos QB gets new $245M deal ahead of first season in Denver

The Denver Broncos and nine-time Pro Bowl quarterback Russell Wilson have agreed to a contract extension. the team said Thursday. The new deal is worth $245 million over five years, including $165 million in guarantees. according to Ian Rapoport.

As CBS Sports NFL Insider Jonathan Jones noted, “The Walton-Penner group took over on August 9th and got this deal done within the first 4 weeks of ownership.”

“In just a few short months with the Broncos, Russell has already had a dramatic effect on this organization both on and off the field,” Broncos general manager George Payton said in a statement. “His leadership, work ethic and championship mentality helped elevate our team in partnership with Coach Hackett, his teammates and staff. I would like to thank Greg Penner and our entire ownership group for the support and resources to get this long-term extension done. I also appreciate the cooperation and communication with Russell’s agent, Mark Rogers, along with Rich Hurtado on our staff. We will continue to focus on building and maintaining a championship roster with Russell as our quarterback going forward.”

Wilson, 33, is entering his first season with the Broncos since being acquired by the Seahawks in March. Broncos head coach Nathaniel Hackett has always been known for developing the game plan around his quarterback rather than making that quarterback stick to his game plan. The partnership in the Rockies looks to be off to a great start.

“He’s really a 24/7 guy. He wants to be great. He wants to know everything. No little thing is less important than another,” Hackett said in an interview with SiriusXM NFL Radio. “All these rumors I’ve heard are so true, I just watch him work, study. It’s year-round for him. It’s not just during the season. It’s something he just shows all the time. ”

One would assume fans are anxiously waiting to learn if the phrase “Let Russ Cook” has followed him into the AFC West or if it’s a thing of the past.

Wilson’s contract ranks third in total guarantees behind Cleveland’s Deshaun Watson ($230 million) and Arizona’s Kyler Murray ($189.5 million).

Despite suffering a broken finger in Week 5 of the 2021 regular season against the Rams, the Wisconsin product missed just three games. It was the first games he missed in his career, ending a streak of 149 consecutive games started by an NFL quarterback, which is sixth all-time. He completed 64.8 percent of his pass attempts for 3,113 yards, 25 touchdowns and six interceptions in 14 games.

DK Metcalf and Tyler Lockett remained in the Pacific Northwest after the trade, but the talent pool isn’t shallow in Denver either. KJ Hamler and former first-round pick Jerry Jeudy complement ball carrier Courtland Sutton. Tight end Albert Okwegbunam replaces Noah Fant, who was dealt to Seattle as part of the Wilson trade.

If healthy for the upcoming season, Wilson is projected to eclipse 40,000 career passing yards, a feat only 22 other NFL quarterbacks have accomplished. He currently ranks sixth among active quarterbacks (37,059) behind Joe Flacco (41,269), Matthew Stafford (49,995), Aaron Rodgers (55,360), Matt Ryan (59,735) and Tom Brady (84,520).

“This is an exciting day for the Broncos and our fans as we announce a long-term commitment to Russell Wilson as our franchise quarterback,” Penner said in a statement. “I want to commend George Peyton and his team for their hard work and diligence in reaching this settlement, which was a top priority for our organization. In addition to being a great defender and winner, Russell is a dynamic leader whose positive impact is felt throughout our team and community. Our organization is fully committed to winning and competing for Super Bowls with Russell as a Bronco for many years to come.”

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