The Russell Wilson era in Denver is over … kind of. While the Broncos reportedly released him on Wednesday night (with a post-June 1 designation, according to ESPN), Denver will now absorb the massive cap hit that comes with cutting loose the nine-time Pro Bowl quarterback.
By virtue of releasing Wilson, the Broncos take on a $53 million dead cap hit this season and a $32 million hit in 2025. The Broncos are paying Wilson $37.79 million to play for another team in 2024.
That team is the Pittsburgh Steelers, who reportedly agreed to terms with Wilson earlier this week on a one-year, veteran minimum salary of $1.21 million. Wilson will now restart his career with a franchise that hasn’t had a losing season since 2003.
Wilson’s time in Denver was one of the oddest periods in franchise history. His initial signing with the Broncos was major news at the time, and it was widely celebrated by Broncos fans. The marriage quickly went south, however, as Wilson and the Broncos endured a rocky 2022 season. Russell was particularly bad; he completed barely over 60% of his passes with just 16 touchdowns in 15 games.
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Source link : https://www.cbssports.com/nfl/news/broncos-reportedly-designate-russell-wilson-for-post-june-1-release-denver-to-take-on-massive-cap-hit/
Author : Bryan DeArdo
Publish date : 2024-03-14 02:00:25
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