Russell Wilson, Broncos agree to terms on five-year, $245M contract extension

Wilson agreed to terms on a five-year, $245 million extension with the Denver Broncos, including $165 million guaranteed, NFL Network Insider Ian Rapoport reported Thursday, per sources.

The quarterback had two seasons remaining on his deal signed in Seattle, so the extension ties him to Denver for the next seven years.

After shelling out players and draft picks to acquire Wilson from the Seattle Seahawks in March, the plan was always to extend Wilson. Sides waited for the new Walton-Penner ownership group to be approved and weigh in before striking the long-term contract.

The $49 million per year in new money on the five-year extension puts Wilson right behind back-to-back MVP Aaron Rodgers ($50.3 million) and ahead of Kyler Murray($46.1 million). But the $165 million guaranteed falls short of Deshaun Watson's fully guaranteed $230 million deal.

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