Russell Wilson has had a rollercoaster ride during his time in the NFL, including a trade from the Seattle Seahawks to the Denver Broncos.
After nearly two years with the Broncos, the team decided to part ways with the Super Bowl-winning quarterback.
Seattle Seahawks to Denver Broncos
In March 2022, the Seattle Seahawks traded Russell Wilson to the Denver Broncos in exchange for Drew Lock, Shelby Harris, and Noah Fant.
By September of the same year, Wilson signed a five-year contract with the Broncos worth an estimated $242 million.
Wilson expressed his excitement about this new chapter, emphasizing the importance of teamwork and dedication.
He also mentioned his desire to finish his career with the Broncos and the significance of being surrounded by motivated teammates.
The quarterback acknowledged the challenges of the journey but remained focused on the goals ahead.
Wilson addressed the inevitable ups and downs of the season, highlighting the importance of resilience and focusing on self-improvement.
Broncos’ Decision to Cut Russell Wilson
The Broncos announced their decision to release Russell Wilson on March 4, 2024, citing the need to strengthen the team for future seasons.
The team expressed their commitment to enhancing their roster through upcoming drafts and free agency.
Wilson’s benching in the previous NFL season was attributed to financial considerations, particularly to avoid future contractual obligations in case of injury.
Despite initial disappointment, Wilson recognized the business aspects of the decision and the complexities involved in such negotiations.
Financial Responsibilities After Russell Wilson’s Release
Despite parting ways with Russell Wilson, the Denver Broncos are set to pay him a substantial amount of money.
Reports indicate that the Broncos will owe Wilson $85 million, which can be distributed over the next two seasons.
While this decision may result in a significant dead money charge, the Broncos will not be obligated to fulfill an additional $37 million guaranteed to Wilson.
The business aspects of the NFL often come into play when making such decisions, highlighting the complexities of managing finances and player contracts in professional sports.
