Wilson agreed to a five-year, $245 million extension with the Denver Broncos, including $165 million in guarantees, NFL Network insider Ian Rapoport reported Thursday, per sources.
The quarterback had two seasons left on his deal signed at Seattle, so the extension links him to Denver for the next seven years.
After pulling out players and draft picks to acquire Wilson from the Seattle Seahawks in March, the plan was always to expand Wilson. The parties waited for the approval of the new Walton-Penner ownership group and weighed in before striking a longer-term contract.
The $49 million a year in new money over a five-year extension puts Wilson ahead of back-to-back MVPs Aaron Rodgers ($50.3 million) and Kyler Murray ($46.1 million).
But the $165 million guarantee falls short of Deshan Watson’s fully guaranteed deal of $230 million. Following 10 years in Seattle under Pete Carroll’s ground-first methodology, Wilson presently takes over in Denver under previous Green Bay Packers hostile facilitator Nathaniel Hackett.
Expectations have gone a mile high in Denver since acquiring Wilson, who helped clinch more than 10 victories in eight of his 10 seasons in Seattle. As the prettiest deep-ball thrower in the NFL, Wilson will help open the banned Broncos offense, and that’s his opportunity to prove he can win while he cooks.
With two years remaining on Wilson’s deal, the Broncos can hedge and let the 2022 season play out before determining whether a major extension makes sense. Instead, he backs up his game and the belief that the 33-year-old is the missing piece in his playoff puzzle.
Wilson returns to Seattle in Week 1 with a new team and a newly contracted Whopper.
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