The Denver Broncos and star quarterback Russell Wilson have reached an agreement on a five-year, $245 million contract extension that includes $165 million guaranteed, sources told ESPN’s Adam Schefter.
Wilson, acquired by the Broncos in a blockbuster offseason trade with the Seahawks, now is under contract with Denver for seven years and $296 million.
The megadeal is the third-most lucrative contract in NFL history in terms of guaranteed money, behind only Browns quarterback Deshaun Watson‘s $230 million and Cardinals quarterback Kyler Murray‘s $189.5 million.
Wilson, 33, said at the start of training camp that he hoped to be Denver’s quarterback “for a long, long time,” and general manager George Paton had repeatedly stated that one of the Broncos’ top priorities was a long-term extension for the nine-time Pro Bowler.
The Broncos traded five draft picks, including two first-round and two second-round selections, and three players to the Seahawks to acquire Wilson this past March — seeking stability and stardom at the quarterback position that has been a problem spot since Peyton Manning’s retirement in 2016.
Wilson’s 292 career touchdown passes are the second-most in league history for a quarterback in his first 10 NFL seasons, behind only Manning (306).