The Denver Broncos announced on Monday that they will be releasing quarterback Russell Wilson after his two-year tenure with the team. The decision comes ahead of the upcoming league year, which starts on March 13. In a statement, the Broncos expressed their appreciation for Wilson's contributions but emphasized their focus on building a competitive team for the 2024 season and beyond.
Wilson joined the Broncos in 2022 through a significant trade-and-salary deal with the Seattle Seahawks, signing a five-year, $245 million extension. However, his time with the Broncos did not produce the desired results, with the team posting a 13-21 record during his tenure. Towards the end of last season, head coach Sean Payton benched Wilson in favor of Jarrett Stidham.
Despite the challenges, Wilson had a solid performance last season, completing 66.4% of his passes for 3,070 yards, with 26 touchdowns and eight interceptions. The timing of his release allows the team to avoid a $37 million guarantee in 2025, although they are still obligated to pay Wilson $39 million for the 2024 season. By designating him as a post-June 1 release, the Broncos can spread out the payout of his contract over multiple seasons to lessen the impact on the team's salary cap.
Wilson began his NFL career with the Seahawks in 2012, matching Peyton Manning's rookie record of 26 touchdown passes in a single season. He was voted the league's Rookie of the Year by fans. Prior to the NFL, Wilson played college football at the University of Wisconsin, where he transferred after starting at North Carolina State University. He also attended the Manning Passing Academy during his high school years, founded by former NFL quarterback Peyton Manning.
In response to his release, Wilson expressed gratitude to Broncos fans and optimism for the future. He stated, "Broncos Country, Thank You! Tough times don’t last, but tough people do. God’s got me. I’m excited for what’s next."
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