Russell Wilson, Broncos agree to massive 5-year extension

(AP Photo/Jack Dempsey)

The Denver Broncos got their man this offseason, and now they’ve ensured he’ll be their long term

The team reached agreement with Wilson on a five-year, $245 million extension that includes $165 million in guaranteed money, sources told ESPN’s Adam Schefter:

Breaking: Broncos and Russell Wilson just reached agreement on a five-year, $245 million contract extension that includes $165 million guaranteed, sources tell ESPN.

Deal now ties Wilson to Denver for seven total years and $296 million. Another massive QB deal in the books. pic.twitter.com/uk6yelOL3j

— Adam Schefter (@AdamSchefter) September 1, 2022

The megadeal is the third-most lucrative contract in NFL history in terms of guaranteed money, behind only Cleveland Browns quarterback DeShaun Watson’s $230 million and Arizona Cardinals quarterback Kyler Murray’s $189.5 million.

The 33 year old Wilson is now locked up with the Broncos through the 2028 season for $296 million. The extension pays Wilson, who has two years remaining on his previous deal signed with the Seattle Seahawks, an average salary of $49 million. He is set to make $24 million this season and $27 million next year before the extension kicks in.

Wilson passed for 3,113 yards with 25 TD’s and 6 INT’s last season with the Seahawks.