News of quarterback Russell Wilson's new deal with the Broncos broke on Thursday morning. The news caught us off guard. The specifics are also unexpected.
The deal is not entirely guaranteed. Wilson is not now the league's highest-paid quarterback as a result. It does bind him to the Broncos for seven years, which is a longer commitment than any Wilson has previously made.
Details of the contract are available via Mike Klis of 9News.com. These are them:
$50 million in signing bonus one.
2. A fully guaranteed $5 million option bonus for 2022.
3. $2 million base pay, completely guaranteed for 2022.
4. Fully guaranteed $20 million option bonus for 2023.
5. $8 million, fully guaranteed basic pay for 2023.
6. Fully guaranteed $22 million option bonus for 2024.
7. Fully guaranteed $17 million basic salary through 2024.
8. Base salary for 2025: $37 million, fully guaranteed as of March 2024 and guaranteed for injury at signing.
9. $40 million basic salary with "partial" injury guarantees through 2026.
10. $1,000,000 in roster bonuses for 2027.
11. Base salary for 2027: $44 million.
12. Base salary for 2028: $50 million.
At the time of signing, $124 million was fully guaranteed. Given that the 2025 base wage becomes completely guaranteed in 2024, a full year early, the realistic guarantee is $161 million over four years.
The cash flow is $57 million in year one, $85 million in year two, $124 million in year three, and $161 million in year four.
Over the subsequent two years, he was expected to earn $51 million. He will earn an additional $34 million.
The agreement is valued at $49 million in new money for the additional five years. It comes to $42.2 million over seven years when the two prior years are considered.
Seven years, then. His rights belong to the Broncos through 2028. If the market and/or wage cap change, they have the option to offer him a new contract. But they're not required to.
The contract is excellent, but it could have been even better. Additionally, it makes it more difficult for other quarterbacks who want to set the standard higher with fully guaranteed contracts or deals that guarantee a certain amount of the salary cap.
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