NFL Network’s Ian Rapoport reports the Broncos have informed Russell Wilson he will be released.
The release of Wilson ends one of the more disappointing quarterback tenures in recent memory. Acquired from the Seahawks in exchange for two first-round draft picks, a second-round draft pick, a fifth-round pick, and players, Wilson was the presumed answer to the Broncos’ years-long quarterback woes in a post-Peyton Manning era. He immediately signed a five-year, $242 million contract extension with the Broncos shortly after being acquired, which included $161 million in guaranteed money. Interestingly, the first year of Wilson’s deal was set to kick in at the start of 2024, but he’ll now be playing elsewhere while earning roughly $39 million in guaranteed money from the Broncos. In two seasons with the Broncos, Wilson threw for 6594-42-19, with the team going 11-19 in his starts. Still a more-than-capable starter; there are several teams who could elevate their passing game by signing Wilson, who should have a nice market. Wilson’s release will become official when the new league year starts on March 13th. If Wilson is designated as a post-June 1st cut, he will count as a $35.4 million dead cap hit in 2024 and a $49.6 million dead cap hit in 2025, per Spotrac.com