Russell Wilson

Broncos Release Russell Wilson

March 13th, 2024 at 8:00pm CST by Adam La Rose

MARCH 13: The Broncos have officially released Wilson, according to ESPN’s Adam Schefter. This paves the way for the quarterback to officially ink a contract with the Steelers.

Denver designated Wilson as a post-June 1 cut, meaning the team will take on dead cap hits of $53MM in 2024 and $32MM in 2025. According to Michael Ginnitti of Spotrac, the team will absorb the pricier of the two hits this year. The $53MM hit represents the priciest dead cap hit in NFL history, topping the Falcons’ $40.5MM Matt Ryan number from 2022, and it will account for 20.5 percent of the team’s adjusted salary cap in 2024. Still, this was the expected move, as the Broncos’ decision to cut Wilson after the start of free agency made the designation possible.

MARCH 4: As expected, Russell Wilson‘s Broncos tenure will end after two seasons. The team announced on Monday that the former Super Bowl winner will be released after the start of the new league year.

Wilson has confirmed the move in a farewell message to Denver after a short-lived stint in the city. Acquired in a blockbuster trade with the Seahawks in 2022, he endured a highly underwhelming first campaign with the Broncos. Improvement was seen under Sean Payton this past year, but the 35-year-old’s fate appeared to be sealed when he was benched late in the campaign.

That decision (which came after the team’s playoff chances had essentially been extinguished) was driven in part by Denver’s attempts to have Wilson push back the vesting date for his 2025 injury guarantee. The nine-time Pro Bowler declined to do so, and no adjustments were ultimately made to his pact – a five-year, $245MM extension inked not long after arriving in the Mile High City. Given the other compensation already owed, though, the Broncos will be hit with a considerable cap crunch by moving on.

Denver would have incurred an $85MM dead cap charge be releasing Wilson right away. By waiting until after the start of free agency (March 13), the option of designating him a post-June 1 release will come into play. That route will not yield any cap savings and produce $35.4MM in dead money in 2024, but the financial outlook in 2025 and beyond will be much more positive from the team’s perspective (although the $85MM will remain on the team’s cap sheet until June 2). Denver owes Wilson $39MM this season, a portion of which will be offset once he signs with a new team.

Given the guaranteed compensation coming the way of the former Walton Payton Man of the Year winner, though, many have speculated he will sign for the league minimum with an interested team. The market Wilson will now generate will be a key offseason storyline and represent one of the major dominoes in the 2024 QB carousel. His play under Payton (26:8 touchdown-to-interception ratio, 98.0 passer rating) was not sufficient for the parties to continue their relationship, but it could encourage QB-needy teams to at least take a flier on him.

Wilson made it clear in the wake of his benching that he intended to remain in Denver for 2024 and beyond, but he also acknowledged the strong possibility he would be let go. Now that the team’s decision is clear, he can turn his attention to the third chapter of his career. Following a decorated Seattle stint including a pair of Super Bowl appearances, Wilson will need to rebuild his value with his next opportunity.

For the Broncos, meanwhile, today’s news confirms the post-Peyton Manning situation under center has still not been resolved on a long-term basis. The Broncos’ Week 1 starter in 2024 will be their seventh different signal-caller to start a campaign in the nine years since Manning’s retirement. Payton has publicly endorsed Jarrett Stidham (who took over from Wilson), but a draft investment would come as no surprise.

Denver is among the teams which have been tapped as a potential trade-up candidate. The Broncos’ ability to stay within striking distance of the playoffs for much of the year left them 12th in the draft order as things stand. Several of the 2024 class’ top passers will be off the board by that point, so an aggressive (and, in terms of draft capital, costly) move will be required to get access to them. Failing that, a second-tier option at the QB spot such as J.J. McCarthy or Bo Nix would be on the team’s radar, and Denver has done homework on that pair.

Regardless of the route taken, expectations will be on Payton to deliver the offensive turnaround his acquisition was in large part predicated on. The longtime Saints head coach brought considerable pedigree with him after a season away from the sidelines, but a disappointing result emerged in his first year. The second will involve a new face under center, just as Wilson will find himself in a different situation.

Giants Meet With Russell Wilson

March 8th, 2024 at 11:13pm CST by Sam Robinson

The Steelers became the first team connected to Russell Wilson following the news of his imminent Broncos release, but one other team was believed to be in on the decorated quarterback. It appears the Giants are that mystery suitor.

Wilson has already met with — or is meeting with — the Giants, according to ESPN.com’s Adam Schefter. The two-year Broncos quarterback was recently at an airport in Newark. While Wilson arrived in Pittsburgh for a Steelers meeting Friday, the 35-year-old passer appears squarely on the Giants’ radar. The Broncos are allowing Wilson to negotiate with teams before his actual release.

Wilson’s Giants meeting can be labeled an “exploratory” session, Schefter adds, confirming the Pittsburgh trip is a go. The Giants fit would seem a bit clunkier, due to Daniel Jones‘ 2024 guaranteed salary, but GM Joe Schoen has frequently mentioned the team will add a QB this offseason. What remains to be seen is how the Giants will go about doing that.

They have been increasingly tied to an effort to trade up for a passer or select one at No. 6. A Wilson addition would stand to be a different route altogether, and the team would then seemingly be signing off on a Wilson-Jones competition despite the $40MM-AAV contract it gave its starter last March. The Giants can reasonably escape that contract in 2025.

Financially, a Wilson move would be a creative effort on the Giants’ part. Due to offset language in his current contract, Wilson can sign with his next team for the league minimum and stick the Broncos with the rest of the bill. Although Wilson made a point to thank several of his former teammates in a farewell post, he unsurprisingly omitted Sean Payton and George Paton when confirming he was done in Denver. Wilson has confirmed the Broncos attempted to convince him to move the vesting date for his 2025 guarantee; he refused, which will led to an official exit March 13 (as a post-June 1 cut).

That drama would benefit the accomplished passer’s next team, which would be able to add a former franchise QB at a significant discount. Wilson is currently tied to a $49MM-per-year Broncos deal; he played on a $35MM-AAV Seahawks pact from 2019-21. While attached to the latter deal, Wilson famously made a list of acceptable trade destinations. The Bears, Saints, Raiders and Cowboys initially made that 2021 list, but the then-Seahawks starter amended it to include the Broncos and Giants. He ended up waiving his no-trade clause for Denver, which proved to be a poor fit.

The Giants have Jones and Tommy DeVito under contract for 2024; they are not expected to re-sign Tyrod Taylor. Jones is on track to be ready for training camp, though four-plus months still remain until that point on his ACL rehab journey. Wilson has expressed obvious interest in becoming a starter again. With Schoen repeatedly indicating Jones will be the starter when he returns, it would seem the Giants would not be the favorite to secure Wilson’s services. Though, it will depend on just how many teams are truly interested.

Schefter also mentions the Raiders as a possibility, but that is not certain yet. Antonio Pierce has made no secret of the team’s interest in adding a long-term option; at this stage, Wilson does not qualify as such. The Raiders have joined the Giants in being regularly linked to a first-round trade-up maneuver.

Steelers To Meet With QB Russell Wilson

March 8th, 2024 at 8:45am CST by Adam La Rose

MARCH 8: It is looking like Wilson’s Steelers visit will take place soon. The decorated quarterback was spotted Friday morning catching a flight to Pittsburgh from a Newark airport, NFL.com’s Ian Rapoport tweets. Thus far, the Steelers have been the only team connected to meeting with the soon-to-be released QB. The meeting will, in fact, occur within the next 24 hours, according to The Athletic’s Dianna Russini. Wilson will meet with Mike Tomlin and other Steelers brass soon.

MARCH 7: As expected, Russell Wilson will not be in Denver for the 2024 season. His next destination is unknown, but an early potential suitor has emerged.

The Steelers are interested in the former Super Bowl winner, Gerry Dulac of the Pittsburgh Post-Gazette reports. He adds that a visit which would take place before the start of free agency next week is being tentatively planned. Wilson will not be released until the new league year officially opens (on March 13), but he has been granted permission to find a new home in the meantime.

Wilson’s market will be an interesting one given his financial situation. $39MM in 2024 compensation is already guaranteed from the Broncos – less the presumed league minimum salary paid by his new team – so he can be added at a fraction of the cost of other available quarterbacks. The 35-year-old showed signs of improvement during his one-and-done campaign under Sean Payton, but he still fell well short of expectations given his five-year, $245MM extension signed upon arrival in Denver.

The Steelers have been floated as a potential Wilson landing spot given their uncertainty under center. 2022 first-rounder Kenny Pickett is atop the depth chart for the time being, but it is well known the team will add competition in the offseason. Mason Rudolph – who occupied the starting role even after Picket was healthy toward the end of the 2023 campaign – is in discussion on another Pittsburgh re-up, but the release of Mitch Trubisky opened up room for an additional experienced option.

Wilson could fill that vacancy and in doing so provide stability at the QB spot relative to Pickett’s injury-marred and inconsistent tenure. However, ESPN’s Jeremy Fowler notes the Steelers are expected to provide the Pitt alum with another opportunity as a starter under new offensive coordinator Arthur Smith. The ex-Falcons head coach enjoyed success at the coordinator level overseeing a ground-heavy approach with the Titans, and a similar setup could be used in Pittsburgh in 2024.

Dulac notes Wilson is interested in the Steelers, but he adds the longtime Seahawks starter is also in conversation with “at least one other team” at this point. An agreement could be in place at any time before or after free agency, but Pittsburgh and any other suitors will no doubt weigh other options on the QB market before circling back to Wilson. In any event, he could have at least a few opportunities to choose from once his Broncos release is finalized and he can officially join a third career franchise.

Russell Wilson Free To Negotiate With Teams

March 6th, 2024 at 8:06am CST by Adam La Rose

MARCH 6: Although Wilson will remain a Bronco until March 13, the team will extend this free agency preview of sorts to include in-person visits with other clubs, per ESPN.com’s Adam Schefter. An unofficial agreement could conceivably commence before free agency starts, though teams interested in Wilson likely will be interested in seeing how other QB dominoes fall before committing.

MARCH 5: The Broncos officially announced on Monday that Russell Wilson will be let go, marking an end to his disappointing stint with the team. The move will not be made until the new league year begins, but Wilson could have a new agreement in place by that point.

ESPN’s Jeremy Fowler reports Denver has no issue with Wilson immediately negotiating with prospective teams. The outgoing veteran passer is still under contract with the Broncos (and will be until March 13), but with his fate already known the team will allow him to begin seeking out his next home. Wilson is therefore, for all intents and purposes, already a free agent.

With $39MM in compensation guaranteed for 2024 by the Broncos, an acquiring team will not be obligated to add the Super Bowl winner on a lucrative pact. Any base salary Wilson signs for will offset part of Denver’s obligations to him. Given the state of the 35-year-old’s value, though, a short-term pact at a low cost will likely be the means by which he begins the third chapter of his NFL career.

A number of teams will be in the market for a veteran passer as the offseason unfolds. Wilson will not be as in-demand as the likes of Kirk Cousins or Baker Mayfield, but he could be viewed as having higher upside than other bridge options such as Jacoby Brissett and Ryan Tannehill. While the Broncos could be in the market for an experienced signal-caller to take Wilson’s place, the top incumbent passer on the roster will likely receive the first chance to earn the starting gig.

Ian Rapoport of NFL Network notes Jarrett Stidham is in place to take on QB1 duties, especially if Denver does not add a quarterback in the first round of April’s draft (video link). Plenty could change under center in the coming months, but Payton has thrown his support behind Stidham (who signed a two-year deal last offseason) before and after he filled in for Wilson following the latter’s benching. Resources will be limited if the Broncos aim to add a pricey free agent, of course, given the cap consequences of Wilson’s release.

On that point, Mike Florio of Pro Football Talk reports Denver has not yet decided how to handle the move to cut Wilson. A guaranteed $22MM payment owed next week either as an option bonus or, if declined, base salary, will affect the cap charges associated with the release. The team will be hit with $35.4MM in dead money in 2024 and $49.6MM next season if the option is picked up, or cap charges of $53MM and $32MM if not. The Broncos will make a decision on how to structure Wilson’s contract while he begins the process of landing a new one.

Russell Wilson Reiterates Desire To Remain With Broncos; Team Expected To Proceed With Release

March 2nd, 2024 at 6:53pm CST by Adam La Rose

MARCH 2: As Wilson and Payton’s comments on the matter have continually suggested, the Broncos are expected to move forward with a release. Dianna Russini of The Athletic notes the belief around the league remains that Wilson will be cut by next week (subscription required). The Broncos and all other teams will need to have their financial situations in order in time for the start of the new league year on March 13.

FEBRUARY 26: The quarterback position is one worth watching in Denver this offseason. The Broncos appear poised to move on from Russell Wilson (and absorb major dead cap charges in the process), but the former Super Bowl winner is still open to remaining with the team.

The Broncos benched Wilson once a playoff berth was essentially out of reach, leading to questions about his future in the organization after just two seasons and one under head coach Sean Payton. Wilson was approached by the team about restructuring his contract and threatened to be benched if he refused to alter his injury guarantee. He remained the starter for a short time afterwards, and no changes have been made yet to his pact.

During a recent appearance on the I Am Athlete podcast, Wilson repeated that he was not prepared to set a precedent by delaying the point at which his $37MM injury guarantee for the 2025 season would vest (h/t ESPN’s Jeff Legwold). The nine-time Pro Bowler notably added that Payton told him to “act like nothing happened” in advance of the team’s win over the Bills on November 13; indeed, reports on the timing of the matter did not emerge until the news of Wilson’s benching broke.

The Broncos would face major cap consequences by releasing Wilson immediately or designating him a post-June 1 cut. He is still likely to be playing elsewhere in 2024, however, as Denver prepares to move forward with Jarrett Stidham or, potentially, a first-round selection in April’s draft under center. If Wilson has his way, though, he will remain in the Mile High City for 2024 and beyond.

“I’ve got more fire than ever, honestly, especially over the past two years of what I’ve gone through,” the 35-year-old told Brandon Marshall on the podcast. “Whether it’s in Denver or somewhere else, I hope it’s in Denver, I hope I get to finish there. I committed there, I wanted to be there. I want to be there.”

While Wilson has maintained a consistent public stance on the matter, Legwold reports he nevertheless “expects” to find himself in a new home shortly. The guaranteed money owed by Denver could make Wilson a low-cost addition to a team in need of a quarterback addition, and it will be interesting to see how much of a market he generates should he become a free agent. His preference would still be to avoid that, but a third Broncos campaign would come as a surprise at this point.

Broncos Moving Toward Russell Wilson Decision; Team Eyeing J.J. McCarthy, Bo Nix?

February 13th, 2024 at 9:56pm CST by Sam Robinson

The Steelers became the first team to go through with post-Super Bowl cuts, moving on from former starters Mitchell Trubisky and Chukwuma Okorafor. A much bigger domino is likely to fall in Denver.

Although the Broncos’ path to upgrade on Russell Wilson is complicated, they still are likely to separate from the pricey passer they benched before Week 17. The team and Wilson had gone through a messy behind-the-scenes chapter pertaining to the decorated QB’s guarantee vesting date, but pushback on that decision being strictly contract-related ensued. The Broncos benched Wilson for Jarrett Stidham, and while the latter is almost definitely not the team’s long-term answer, the Payton-Wilson partnership appears in its final days.

Payton confirmed during an appearance on Up & Adams a decision on Wilson should emerge sooner rather than later (video link). The second-year Broncos HC said the team began its draft meetings Monday. When asked if he was looking to “fall in love” with a QB this offseason, Payton responded, “Yeah,” continuing to point to the Broncos absorbing the record-shattering dead money that would come with a Wilson release. Wilson holds a no-trade clause, though his five-year, $245MM deal is not viewed as tradeable on the surface.

It would cost the Broncos $85MM in dead money to release Wilson; that will be spread over two years due to the expected release set to be classified as a post-June 1 cut. That will slot the 2024 dead money at $35.4MM. That number checks in just $300K north of what the Buccaneers absorbed when Tom Brady retired. Of course, Tampa Bay is no longer restricted by any Brady money this year. The Broncos will be set to deal with $49.6MM in dead cap in 2025. That alone will smash the NFL record, one the Falcons still hold (at $40.5MM) after trading Matt Ryan to the Colts in 2022. A Wilson release will need to occur before March 17; his 2025 base salary ($37MM) becomes fully guaranteed on that day.

The Broncos hold the No. 12 overall pick and cannot enter true negotiations with an outside free agent until March 11. The Bucs and Vikings can respectively talk with Baker Mayfield and Kirk Cousins now. If one of those players becomes an option in Denver, such a signing would be costly. Considering the dead money coming via the likely Wilson release, the Broncos would be tying up plenty of cash at QB were they to go with a pricey free agent option. Of course, none of this year’s UFA passers beyond Cousins or Mayfield are expected to be especially expensive.

During an appearance on the Jim Rome Show (via 9News’ Mike Klis), Payton mentioned Patrick Mahomes and Drew Brees as quick-processing QBs while notably leaving out Wilson when discussing that important skill in his offense. Known more for off-schedule brilliance than pocket mastery, Wilson had moments in Payton’s offense. He still finished in the top 10 in passer rating, while QBR slotted the ex-Seahawks star 21st. A market is likely to form for the 12-year veteran, though he will not be tied to anything close to the $49MM-per-year deal he signed in Denver. Wilson, 35, is unlikely to command anything near his $35MM-AAV Seahawks extension from 2019. The less Wilson makes, however, the more money the Broncos owe due to offset language.

New NFLPA executive director Lloyd Howell said (via the Washington Post’s Mark Maske) the Broncos mistreated Wilson when they attempted to move his vesting guarantee date from 2024 to 2025. Wilson’s camp said the team threatened a benching had the QB not gone along; Broncos brass denied the benching threat occurred. The NFLPA had urged Wilson to call the team’s bye-week bluff. Wilson did, and the Broncos stayed with him as their starter until they were realistically eliminated from playoff contention. Despite Denver’s limitations when it comes to securing an upgrade this offseason, a reconciliation here — despite Wilson indicating in January he wanted to stay with the team — should be considered highly unlikely.

At No. 12, the Broncos are not realistic candidates to end up with Caleb Williams or Drake Maye. Jayden Daniels‘ rising stock may well ensure the Heisman winner goes off the board well before No. 12. The Broncos have been loosely connected to trading up for one of these passers, but the team — which has not made a first-round pick since 2021, thanks to the Wilson and Payton trades — views the cost as high enough a move into the top three is unlikely.

This would naturally tie the Broncos to this QB class’ second-tier options, and Denver7’s Troy Renck notes that is already happening. Denver is being connected to Michigan’s J.J. McCarthy and Oregon’s Bo Nix within scouting circles, per Renck. An ex-Jim Harbaugh pupil who is not yet 21, McCarthy joins Nix in not yet being a first-round lock. Given the supply-and-demand issues at quarterback, however, it would certainly not surprise to see both prospects be chosen on Day 1.

The Broncos selecting a QB at 12, as opposed to trading up, would be optimal given the draft capital the team surrendered for Wilson and then to obtain Payton’s rights. Excepting Jay Cutler‘s intermittent promise, the Broncos have not had much luck drafting QBs. The franchise’s top passers (John Elway, Peyton Manning, Jake Plummer, Craig Morton) all game via trade or free agency. But Denver will likely be connected to this year’s crop. The 2025 group, although it is still quite early on that front, is viewed as a lesser group. That could force some teams’ hands ahead of this draft.

Vikings, Broncos On Radar To Trade Up For First-Round QB?

February 5th, 2024 at 10:11pm CST by Sam Robinson

This year’s draft could begin with three quarterbacks, and the teams currently holding the top choices have been steadily linked to taking a first-round passer. Teams in need of signal-callers who do not carry friendly draft real estate will, of course, be monitoring the buzz circulating around the Bears, Commanders and Patriots’ draft blueprints.

Two clubs who appear to be among those watching top QB prospects look to be those positioned just outside the top 10. Holding the Nos. 11 and 12 overall picks, the Vikings and Broncos are believed to be interested in drafting a quarterback high. While it will take considerable draft capital to climb into the top three, neither of these two are in good shape at the position. Minnesota, however, may still have the inside track on Kirk Cousins, who has expressed his fondness for his Twin Cities situation on a number of occasions.

Some around the league are keeping an eye on the Vikings’ interest in moving up for a passer, ESPN.com’s Jeremy Fowler offers, noting the team did extensive work on the QB front last year. The Vikes were the team most closely tied to showing Trey Lance interest — before the Cowboys completed a trade for the former 49ers No. 3 overall pick — and they did not come to an agreement on another extension with Cousins.

Guaranteed money into the deal’s third year provided a sticking point, and the Vikings merely restructured Cousins’ contract. The latter transaction has put Minnesota in a time crunch, and the team could face the prospect of losing its starting QB — who has mentioned testing free agency — and being hit with a $28.5MM dead-money bill brought on by void years. If the Vikings do not re-sign Cousins by the start of the 2024 league year (March 13), that $28.5MM accelerates onto their 2024 cap sheet. Not quite the Tom Brady void years-driven cap charge the Buccaneers just faced ($35.1MM), but that is a high dead-cap number devoted to one player.

Cousins, 35, will undoubtedly factor in a potential Vikings desire to trade up for a quarterback into his latest free agency decision. Cousins is the longest-tenured Vikings QB1 since Tommy Kramer, narrowly edging Daunte Culpepper as the third-longest-tenured QB1 in team history. Like Culpepper in 2005, Cousins is coming off a major injury. The Vikings and other teams will be factoring Cousins’ Achilles tear into prospective offers.

The Broncos are almost definitely moving on from Russell Wilson, preparing to enter dead-money infamy in the process. The forthcoming dead-cap hit will cost the Broncos $84.6MM, which will be spread over two offseasons due to the expected post-June 1 designation. This stands to limit the Broncos’ interest in pursuing a pricey veteran — should any starter-caliber arms be available by the time the legal tampering period begins March 11 — and would naturally make Sean Payton‘s team more interested in a draft investment. The Wilson-fronted five-game win streak midway through this season, however, moved the Broncos down to the No. 12 slot. That will complicate a move into high-end QB real estate.

A rumor at the East-West Shrine Game involved Payton being interested in the Broncos moving up to draft Caleb Williams, Drake Maye or Jayden Daniels, Sportskeeda’s Tony Pauline writes. Of course, the cost of doing business here would be steep — and the team would need a willing seller. The prospect of Denver trading up may already be drowning in cold water, too, with Pauline adding the team should not be considered likely to move in this direction because of the draft capital — and/or established players — that would need to be included.

The Broncos gave up their first-round picks in 2022 and ’23 in the Wilson trade, and while they obtained a 2023 first-rounder from the Dolphins in the Bradley Chubb swap, it was subsequently thrown in to acquire Payton’s rights last year. This stands to be the Broncos’ first chance to use a Round 1 pick since they nabbed Patrick Surtain ninth overall in 2021. Surtain has become one of the NFL’s top young corners, and GM George Paton — who is still with the team despite being the point man behind the Wilson and Nathaniel Hackett calls — said Surtain is viewed as a cornerstone piece. Denver’s actions at last year’s trade deadline, which featured at least two first-rounders to even warrant a Surtain discussion, back that up. Pauline adds the Broncos do not want to part with Surtain and would only do so as a last resort in an effort to trade up for a QB.

Wilson’s 2023 rebound notwithstanding, the Broncos have obviously struggled to fill this spot since Peyton Manning‘s 2016 retirement. They were in the Cousins mix in 2018 but bowed out — as the Vikings emerged in pole position — en route to Case Keenum. The Broncos would seemingly have another shot at Cousins now, though QB demand would still make the veteran starter costly — even after the Achilles tear. As of early February, the Vikings are projected to hold more than $24MM in cap space; the Broncos are nearly $24MM over the projected salary ceiling.

Most around the NFL view the Broncos reconciling with Wilson as unlikely, Fowler adds. If Wilson were to remain on Denver’s roster past the fifth day of the 2024 league year, his 2025 base salary ($37MM) locks in. That would balloon Denver’s 2025 dead money for a Wilson release past $85MM. Hence, the team’s controversial maneuvering in an attempt to move the date on which Wilson’s injury guarantee vests.

Although Wilson was fond of Payton prior to the parties’ partnership, Fowler adds Payton let it be known behind the scenes he was not big on the ex-Seahawks star. Wilson’s penchant for creating plays out of structure ran counter to how Payton prefers his offense to run, being part of the reason — along with the injury guarantee — the Broncos benched him for Jarrett Stidham in Week 17. Fowler mentions Minnesota as a destination Wilson would likely pursue, given Kevin O’Connell‘s presence, in the event Cousins leaves after six years. O’Connell worked alongside ex-Seahawks OC Shane Waldron under Sean McVay. The Vikings also roster Justin Jefferson, Jordan Addison and T.J. Hockenson.

If/once Wilson departs Denver, his next team will not need to pay him nearly what the Broncos and Seahawks have. Wilson’s 2023 rebound still probably places him as a mid-tier starter, but Fowler adds his next team could build around him more effectively due to the offset language in the Broncos’ five-year, $245MM extension. Wilson signing at a low rate would be punitive for the Broncos, as their two-year starter’s next deal helps determine how much dead money will be on tap.

Cousins and Wilson join Baker Mayfield and Ryan Tannehill as experienced starter options set to hit the market. But Denver and Minnesota will need to weigh their chances of trading up in Round 1 against spending on a veteran. There will be plenty of moving parts at QB for certain teams this offseason, with the Bears’ upcoming Williams-or-Justin Fields decision a rather important domino as well.

Latest On Broncos, Russell Wilson

January 9th, 2024 at 9:21pm CST by Sam Robinson

An upset loss to the Patriots on Christmas Eve set forth a chain reaction that led to the Broncos’ behind-the-scenes drama with Russell Wilson becoming public days later. Wilson appears headed toward free agency, but the Broncos are stopping short of confirming that.

Sean Payton and GM George Paton said Tuesday the two-year Denver starting quarterback could return in 2024, with the veteran head coach indicating (via the Denver Gazette’s Chris Tomasson) he spoke at length with Wilson after the season ended. Paton said (via Tomasson) the 12-year QB is open to coming back.

Wilson said as much two weeks ago, confirming the rumors the Broncos approached him about changing the guarantee vesting date in his contract. Paton confirmed the Broncos made a “good faith” effort to address the $49MM-AAV contract during the team’s bye week, contacting Wilson’s agent, Tomasson adds. This brought the NFLPA into the process, though no grievance is expected.

“I spent half an hour with Russ yesterday, and I told him, I said, ‘Look, I don’t think it’s going to be a long, drawn-out process, but it hasn’t been decided relative to what our plans are,’” Payton said, via NFL.com’s James Palmer. “But as soon as we know something, certainly he would be the first to know.”

Paton later said he works collaboratively with Payton, but the three-year GM indicted the late-December benching was independent of the guarantee that would kick in had Wilson suffered an injury that would have prevented him from passing a physical in March. Considering the circumstances, that is rather difficult to believe.

“During the bye week, I did reach out to Russ’ agent in a good-faith and creative attempt to adjust his contract,’’ Paton said. “We couldn’t get a deal done. We moved on with our season. It didn’t come up again.”

The Broncos retaining Wilson past the fifth day of the 2024 league year would lead to his $37MM 2025 base salary becoming guaranteed. Wilson’s 2024 money is already locked in, and a March release would still result in a record-smashing $84.6MM in dead money associated with a single player. The Broncos would assuredly spread that over two offseasons, via a post-June 1 designation. If they kept Wilson for 2024, he would be just as difficult to release in 2025. The 2025 salary guarantee vesting this March would lead to an $86MM dead-money hit in the event of a ’25 release.

Wilson, 35, has expected to be released for weeks. The Broncos, however, do not have access to the top quarterbacks in the draft. Barring a trade, that is. Considering Denver already traded two first-round picks for Wilson and sent the Saints first- and second-rounders for Payton’s rights, a trade-up maneuver for a passer would be particularly costly. The Broncos hold the No. 12 pick in the 2024 draft, complicating their path to land a rookie.

The free agency crop stands to feature Kirk Cousins and Baker Mayfield as the top names, but both arms have expressed interest in staying with their current teams. Ryan Tannehill, Gardner Minshew, Sam Darnold, Jacoby Brissett, Jake Browning and ex-Payton Saints charge Jameis Winston are among the notable QBs on track for free agency. Jarrett Stidham‘s $10MM contract runs through 2024, putting the two-time contract-driven replacement in play to be a Broncos bridge starter in 2024.

Paton being the point man on the Wilson trade and Nathaniel Hackett hire naturally invited rumors about his job status, seeing as Payton inherited the ex-Vikings exec as GM. But Payton again offered support for his coworker Tuesday. This follows a Sunday report that indicated Paton is more likely to stay for a fourth year. When asked (via Tomasson) who has the final say if a Payton-Paton disagreement ensues, the GM said that scenario has not yet come up. While John Elway‘s GM successor has offered hits (the 2021 draft), his misses (a list that also includes Randy Gregory) have outshined those through three years.

After the team gave up a blockbuster trade haul to land Wilson, another offseason looks set to be devoted to identifying a passer. Unless Wilson changes his mind and is suddenly amenable to a pay cut or a reworking that gives the Broncos more flexibility, Payton is likely to have his first chance in Denver to handpick a starting quarterback. It would be unlikely Paton stands in the HC’s way.

No NFLPA Grievance Expected Over Broncos’ Russell Wilson Situation

January 1st, 2024 at 10:43am CST by Adam La Rose

The Broncos’ season began with questions about Russell Wilson‘s long-term future within new head coach Sean Payton‘s scheme. His contract was also a talking point, and that is once again the case given the recent decision to bench him.

While the move to start Jarrett Stidham was based in part on the lack of consistency Denver produced on offense with Wilson at the helm, the latter’s 2025 injury guarantee was a factor as well. Wilson was approached midseason and asked to move the date at which his $37MM for that season became a full guarantee. Denver threatened to bench the nine-time Pro Bowler midseason if he refused to alter his contract, which remains intact.

Wilson was demoted to backup, but only after the Broncos’ postseason chances were essentially extinguished. Now, his future in the Mile High City is very much in doubt, although he has expressed a desire to finish his career in Denver. With respect to the situation surrounding his contract, no action from the player’s association is expected to take place, something which could help lead to an amicable split or a reconciliation.

The NFLPA sent a letter to the Broncos and the league’s management council in early November, days after the team approached Wilson’s agent about delaying his injury guarantee. As noted by Mark Maske of the Washington Post, the union stated in that correspondence that benching him would constitute a violation of the CBA and his contract. The Broncos, meanwhile, met with the management council and, upon accepting Wilson’s decision not to alter his pact, proceeded with much of the second half of the campaign with him under center after he called the team’s bluff (h/t Sports Illustrated’s Albert Breer).

While this situation has become a public issue and one which will have franchise-altering consequences if Wilson is indeed released, it is not set to produce action from the NFLPA. Despite the letter suggesting a grievance could be filed in the wake of Wilson being benched, Denver7’s Troy Renck notes that has not happened yet. More to the point, Ian Rapoport of NFL Network adds no grievances are expected in the future.

Per Rapoport, Broncos general manager George Paton‘s request that Wilson delay (rather than remove) the vesting date of his 2025 guarantee led the NFLPA to not view the possibility of his benching as a genuine threat. As a result, attention will remain on how the parties proceed after the campaign comes to an end. Denver has been eliminated from the playoffs, and a QB pursuit will ensue if Wilson is released in the near future. His next destination would become a key NFL storyline, and it would mark an unceremonious end to his time in Denver.

Russell Wilson Confirms Broncos Asked Him To Adjust Contract; QB Wants To Stay With Team In 2024

December 31st, 2023 at 8:00am CST by Sam Robinson

On the verge of becoming a first-time free agent, Russell Wilson resides in limbo to close out his second season with the Broncos. Demoted after the Broncos fell out of reasonable playoff contention, Wilson has expected to be released for several weeks.

First, however, the 12th-year veteran will be Denver’s QB2 behind Jarrett Stidham against the Chargers. Unlike Derek Carr, who left the Raiders following his benching for Stidham last season, Wilson will dress for the Broncos’ Week 17 game. Beyond that, his situation is murky.

Wilson shed light on the Broncos’ reported attempt to change his guarantee vesting date. GM George Paton is believed to have contacted Wilson’s agent about adjusting the contract to move back the 2024 vesting date, according to the Denver Gazette’s Chris Tomasson. Wilson also confirmed (via Denver7’s Troy Renck) this occurred during Denver’s Week 10 bye, just after the team had beaten the Chiefs. The 35-year-old QB also said the team notified him he would be benched earlier had he not agreed to do so. After the NFLPA contacted the Broncos about this request, with Wilson adding the NFL indeed was also involved, the team did not follow through with benching its starter at that juncture. His five-year, $245MM contract remains untouched — for now.

“They came up to me during the bye week, beginning of the bye week — Monday or Tuesday — and told me if I didn’t change my contract, my injury guarantee, I’d be benched for the rest of the year,” Wilson said. “I was definitely disappointed about it. It was a process through the whole bye week. We had just came off beating the Chiefs. I was excited obviously for us fighting for the playoffs. The NFLPA and NFL got involved at some point, I think.

“… I wasn’t going to take away injury guarantees. This game is such a physical game. I’ve played for 12 years and that matters to me.”

The former Seahawks superstar suffered multiple injuries, including a concussion last season; he missed two games. Were he unable to pass a physical by the start of the 2024 league year, the Broncos would be locked into paying that guarantee. Sitting him to close out this season doubles as a bubble-wrap scenario Las Vegas utilized with Carr and Washington executed by sitting Robert Griffin III — to protect against his fifth-year option salary from locking in, back when the options were guaranteed for injury only — in 2015.

A 2024 release will hit the Broncos with a record-shattering dead-money figure, $84.6MM over two years in a post-June 1 cut scenario. (For perspective, the Falcons’ $40.5MM Matt Ryan dead-money hit is the current single-player record.) But Denver’s two-year starter said Friday (via Tomasson) he wants to stay with the Broncos beyond this season. That would almost definitely require a contract adjustment, and the nine-time Pro Bowler did not confirm he was open to that.

Indicating disappointment with the Broncos’ midseason request and calling it a “low blow,” Wilson still appears headed toward free agency. When asked about the October attempt to adjust Wilson’s contract, Payton said (via Tomasson) he was not privy to the matter pertaining to the injury guarantee. The timing of the request occurred between the Broncos’ wins over the Chiefs and Bills. While they won four more games after the request, the team’s losses to the Lions and Patriots have all but buried its playoff hopes.

The guarantee in question — a $37MM sum — covers Wilson’s 2025 base salary; it shifts from an injury guarantee to a full guarantee on Day 5 of the 2024 league year. The Broncos attempted this ultimatum measure to explore a post-2023 future with Wilson, Renck notes. The Broncos aimed to move the vesting date from March 2024 to March 2025 to provide them more flexibility, per Tomasson.

Faring better this season than he did in 2022, Wilson has still not justified the trade cost or the $49MM-per-year extension. The former Super Bowl champion would have had a better chance to stay in Denver for the 2024 season had he accepted the team’s terms, but it is not surprising he would decline this request. It would have represented a risk had he gotten injured during the season’s second half. Were that $37MM guarantee not in the equation, the Broncos could have cut Wilson in 2025 for $49MM rather than the $84.6MM total they will soon face.

Wilson is not expected to receive that extra $37MM, but his contract will have paid out the $124MM fully guaranteed; that represents a monster sum for two years of work. Barring an 11th-hour reconciliation, the parties will separate at some point between Super Bowl LVIII and that March vesting date. Wilson will presumably look for another chance at a starting job elsewhere, while his contract will hamstring the Broncos as they seek to replace him.

“I hope that it’s here. I hope that it’s here for a long time,” Wilson said of his playing future. “… But if it’s not here, I’ll be prepared to do that somewhere else.”

Ian Rapoport of NFL.com does say that the Broncos will only part ways with Wilson if a better option becomes available to them. After all, as we discussed when the news of Wilson’s benching was first reported, Wilson will account for roughly the same charge on Denver’s cap over the next two seasons regardless of whether the club cuts him or retains him through Day 5 of the 2024 league year (although the actual cash outlay would be $37MM less if Wilson is released prior to the vesting date). Rapoport floats the possibility of a trade, noting that Wilson’s no-trade clause would allow player and team to work together to engineer some sort of mutually-beneficial exit.

Likewise, Adam Schefter of ESPN.com acknowledges that keeping Wilson or trading him are options that remain on the table, but both pundits ultimately believe that a release is far and away the more realistic outcome. Assuming Wilson is indeed cut, the Broncos are likely to designate him as a post-June 1 release to at least spread his staggering dead money hit over two seasons, as Schefter confirms.

Rapoport notes, as we also detailed previously, that Payton is unhappy with the way his offense looks with Wilson at the helm. Payton, who was privately unsure how Wilson would perform in the system that Drew Brees thrived in for so many years, has had to pare down and simplify his scheme, and even that did not allow the offense to operate at the speed that would allow it to maximize its potential. Furthermore, players have seen on film how Wilson, despite some big fourth-quarter performances, has failed to find open receivers on a consistent basis, and some players wondered even before Wilson’s benching if Stidham would be the better option. Starting today, we will start to see if there is some merit to those musings.

Rory Parks contributed to this post.

Load More Posts