BRONCOS

Adam Schefter discusses Russell Wilson’s new contract on 104.3 The Fan

Sep 1, 2022, 9:45 AM
(Photo by Scott Clarke / ESPN Images)...
(Photo by Scott Clarke / ESPN Images)
(Photo by Scott Clarke / ESPN Images)

The Denver Broncos struck a huge contract extension with Russell Wilson on Thursday morning.

ESPN’s Adam Schefter broke the news of the five-year, $245 million extension for Wilson that ties him to the Broncos for the next seven seasons with his current deal. The new contract is worth $165 million guaranteed, with Wilson set to make $296 million overall with Denver if everything goes well.

Schefter joined “Schlereth and Evans” on 104.3 The Fan to discuss how the two sides ultimately agreed on this historic contract, just 11 days before Week 1 and Wilson’s debut in orange and blue.

“Really, from the day Denver traded for Russell Wilson, it knew that it was going to have to give him a contract extension at some point in time. It was something that he desired. Who wouldn’t want a new deal? You’re talking about a nine-time Pro Bowl quarterback,” Schefter said.

The Broncos were purchased by Robson Walton and a new ownership group earlier this summer. That certainly affected the timing of this deal, according to Schefter.

“They wanted to get something done, he wanted to get something done. You had a new ownership group coming in which I think slowed down the process. I think the (Walton-Penner) group wanted to come in, survey everything, see what it was like and I think once that happened this was the first deal that they did. I always felt like this deal would get done before the start of the season,” Schefter said.

With Deshaun Watson getting a ridiculous $230 million guaranteed from the Cleveland Browns, and Kyler Murray nearly cracking $200 million guaranteed with the Arizona Cardinals, some thought Wilson could “reset” the QB market in the NFL. Schefter said that wasn’t going to be the case — and this is a really good deal for both sides.

“When you say ‘why doesn’t Russell Wilson want to reset the market?’ I guess my argument to that would be if somebody’s offering you $165 million guaranteed when you have two years left on your (current) contract, at an average of $49 million a year, I think you’re probably pretty good riding with that,” Schefter said.

Schefter went on to add the Broncos wanted to get the deal done now for “stability,” and also before Lamar Jackson, Justin Herbert and Joe Burrow received new deals. He wisely pointed out the QB market is never going to go down, but is always on the rise.

It’s a great day for Broncos Country all around. Wilson is here to stay for a long, long time.

You can listen to Schefter’s full interview here.

***

Broncos

Davante Adams...
Cecil Lammey

The Broncos game plan for beating the Raiders in Week 4

When Denver travels to Las Vegas on Sunday, they'll have their hands full with a winless team that is suddenly backed into a corner
1 day ago
Russell Wilson...
Andrew Mason

Three numbers to know for Denver Broncos-Las Vegas Raiders

For all that hasn't gone right for the Broncos' offense, they've done something in each of the last two games they never did last year -- and the difference has been preparation and Russell Wilson's leadership.
1 day ago
Josh McDaniels...
Shawn Drotar

Battle Lines: The Broncos can bury the Raiders with a win in Week 4

Denver can keep pace in the AFC West with a win, while also putting Las Vegas in a deep hole just one month into the season
1 day ago
Quinn Meinerz...
Andrew Mason

Broncos injury update: Quinn Meinerz ruled out with hamstring issue

Meinerz is one of five Broncos ruled out for Sunday, and four of them have hamstring injuries.
2 days ago
Nathaniel Hackett...
Will Petersen

Hackett on how Broncos can use lessons from Seattle road game in Vegas

While there will be a lot more Broncos fan in Las Vegas than there were in Seattle, this is still Denver's first road game since Week 1
2 days ago
Josh McDaniels...
John Davis

The Broncos gaffes of 2022 have nothing on the Josh McDaniels era

As embarrassing as some of Nathaniel Hackett's miscues have been this season, the Josh McDaniels era was filled with even worse moments
2 days ago
Adam Schefter discusses Russell Wilson’s new contract on 104.3 The Fan