USATSI
The Denver Broncos have officially made a decision on quarterback Russell Wilson, as the franchise informed the veteran signal-caller that he will be released after the league year begins on March 13. Wilson signed a $245 million multi-year extension that was supposed to carry him through 2028 before even playing a snap for Denver, a decision which came back to bite the Broncos.
Per NFL Media, the Broncos will eat $39 million, but they avoid the $37 million guaranteed that would trigger for 2025. Per Front Office Sports, the Broncos will take on an NFL-record $85 million in dead cap. The Broncos announced their decision with a joint statement from general manager George Paton and head coach Sean Payton.
“We spoke with Russell Wilson today to inform him of his release after the start of the league year. On behalf of the Broncos, we thank Russell for his contributions and dedication to our team and community while wishing him the best as he continues his career.
“As we move forward, we are focused on building the strongest team possible for the 2024 season and beyond. We are excited to improve this offseason and will have the flexibility to get better through the draft and free agency.”
The Wilson era in Denver was certainly a forgettable one, as the former Super-Bowl winning quarterback went 11-19 as the starter. In 2022, the Broncos sent the Seattle Seahawks a 2022 first-round pick, a 2022 second-round pick, a 2022 fifth-round pick, a 2023 first-round pick, a 2023 second-round pick, plus tight end Noah Fant, defensive lineman Shelby Harris and quarterback Drew Lock in exchange for Wilson and a 2022 fourth-round pick.
This is a developing story, check back for more details.
Source link : https://www.cbssports.com/nfl/news/broncos-to-release-russell-wilson-reportedly-take-on-an-nfl-record-85-million-in-dead-cap/
Author : Jordan Dajani
Publish date : 2024-03-04 21:46:56
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