Share Market Daily Writer By Mahesh Limbani Published September 1, 2022
Wilson has agreed to a five-year, $245 million extension with the Denver Broncos, including $165 million in guaranteed money, NFL Network Insider Ian Rapoport reported Thursday.
Following Wilson's acquisition from the Seattle Seahawks in March, the plan was always to extend him. Before striking a long-term contract, both sides waited for Walton-Penner's approval and input.
On the five-year extension, Wilson will earn $49 million per year, right behind back-to-back MVP Aaron Rodgers ($50.3 million) and ahead of Kyler Murray ($46.1).
However, the $165 million guaranteed falls short of Deshaun Watson's fully guaranteed $230 million contract.
Under former Green Bay Packers offensive coordinator Nathaniel Hackett, Wilson takes over in Denver after a decade under Pete Carroll's ground-first approach.
As a result of Wilson's acquisition, Denver's expectations have soared a Mile High. He helped Seattle generate 10-plus wins in eight of his 10 seasons.
This is Wilson's chance to prove he can win while cooking, as the prettiest deep-ball thrower in the NFL.
Wilson had two years left on his contract, so the Broncos could have hedged and waited until the 2022 season to decide whether to extend him.
As a result, they continued to believe the 33-year-old is the missing piece to their playoff puzzle and went all-in.