MARCH 2: As Wilson and Payton’s comments on the matter have continually suggested, the Broncos are expected to move forward with a release. Dianna Russini of The Athletic notes the belief around the league remains that Wilson will be cut by next week (subscription required). The Broncos and all other teams will need to have their financial situations in order in time for the start of the new league year on March 13.

FEBRUARY 26: The quarterback position is one worth watching in Denver this offseason. The Broncos appear poised to move on from Russell Wilson (and absorb major dead cap charges in the process), but the former Super Bowl winner is still open to remaining with the team.

The Broncos benched Wilson once a playoff berth was essentially out of reach, leading to questions about his future in the organization after just two seasons and one under head coach Sean Payton. Wilson was approached by the team about restructuring his contract and threatened to be benched if he refused to alter his injury guarantee. He remained the starter for a short time afterwards, and no changes have been made yet to his pact.

During a recent appearance on the I Am Athlete podcast, Wilson repeated that he was not prepared to set a precedent by delaying the point at which his $37MM injury guarantee for the 2025 season would vest (h/t ESPN’s Jeff Legwold). The nine-time Pro Bowler notably added that Payton told him to “act like nothing happened” in advance of the team’s win over the Bills on November 13; indeed, reports on the timing of the matter did not emerge until the news of Wilson’s benching broke.

The Broncos would face major cap consequences by releasing Wilson immediately or designating him a post-June 1 cut. He is still likely to be playing elsewhere in 2024, however, as Denver prepares to move forward with Jarrett Stidham or, potentially, a first-round selection in April’s draft under center. If Wilson has his way, though, he will remain in the Mile High City for 2024 and beyond.

“I’ve got more fire than ever, honestly, especially over the past two years of what I’ve gone through,” the 35-year-old told Brandon Marshall on the podcast. “Whether it’s in Denver or somewhere else, I hope it’s in Denver, I hope I get to finish there. I committed there, I wanted to be there. I want to be there.”

While Wilson has maintained a consistent public stance on the matter, Legwold reports he nevertheless “expects” to find himself in a new home shortly. The guaranteed money owed by Denver could make Wilson a low-cost addition to a team in need of a quarterback addition, and it will be interesting to see how much of a market he generates should he become a free agent. His preference would still be to avoid that, but a third Broncos campaign would come as a surprise at this point.

The Broncos’ season began with questions about Russell Wilson‘s long-term future within new head coach Sean Payton‘s scheme. His contract was also a talking point, and that is once again the case given the recent decision to bench him.

While the move to start Jarrett Stidham was based in part on the lack of consistency Denver produced on offense with Wilson at the helm, the latter’s 2025 injury guarantee was a factor as well. Wilson was approached midseason and asked to move the date at which his $37MM for that season became a full guarantee. Denver threatened to bench the nine-time Pro Bowler midseason if he refused to alter his contract, which remains intact.

Wilson was demoted to backup, but only after the Broncos’ postseason chances were essentially extinguished. Now, his future in the Mile High City is very much in doubt, although he has expressed a desire to finish his career in Denver. With respect to the situation surrounding his contract, no action from the player’s association is expected to take place, something which could help lead to an amicable split or a reconciliation.

The NFLPA sent a letter to the Broncos and the league’s management council in early November, days after the team approached Wilson’s agent about delaying his injury guarantee. As noted by Mark Maske of the Washington Post, the union stated in that correspondence that benching him would constitute a violation of the CBA and his contract. The Broncos, meanwhile, met with the management council and, upon accepting Wilson’s decision not to alter his pact, proceeded with much of the second half of the campaign with him under center after he called the team’s bluff (h/t Sports Illustrated’s Albert Breer).

While this situation has become a public issue and one which will have franchise-altering consequences if Wilson is indeed released, it is not set to produce action from the NFLPA. Despite the letter suggesting a grievance could be filed in the wake of Wilson being benched, Denver7’s Troy Renck notes that has not happened yet. More to the point, Ian Rapoport of NFL Network adds no grievances are expected in the future.

Per Rapoport, Broncos general manager George Paton‘s request that Wilson delay (rather than remove) the vesting date of his 2025 guarantee led the NFLPA to not view the possibility of his benching as a genuine threat. As a result, attention will remain on how the parties proceed after the campaign comes to an end. Denver has been eliminated from the playoffs, and a QB pursuit will ensue if Wilson is released in the near future. His next destination would become a key NFL storyline, and it would mark an unceremonious end to his time in Denver.

On the verge of becoming a first-time free agent, Russell Wilson resides in limbo to close out his second season with the Broncos. Demoted after the Broncos fell out of reasonable playoff contention, Wilson has expected to be released for several weeks.

First, however, the 12th-year veteran will be Denver’s QB2 behind Jarrett Stidham against the Chargers. Unlike Derek Carr, who left the Raiders following his benching for Stidham last season, Wilson will dress for the Broncos’ Week 17 game. Beyond that, his situation is murky.

Wilson shed light on the Broncos’ reported attempt to change his guarantee vesting date. GM George Paton is believed to have contacted Wilson’s agent about adjusting the contract to move back the 2024 vesting date, according to the Denver Gazette’s Chris Tomasson. Wilson also confirmed (via Denver7’s Troy Renck) this occurred during Denver’s Week 10 bye, just after the team had beaten the Chiefs. The 35-year-old QB also said the team notified him he would be benched earlier had he not agreed to do so. After the NFLPA contacted the Broncos about this request, with Wilson adding the NFL indeed was also involved, the team did not follow through with benching its starter at that juncture. His five-year, $245MM contract remains untouched — for now.

“They came up to me during the bye week, beginning of the bye week — Monday or Tuesday — and told me if I didn’t change my contract, my injury guarantee, I’d be benched for the rest of the year,” Wilson said. “I was definitely disappointed about it. It was a process through the whole bye week. We had just came off beating the Chiefs. I was excited obviously for us fighting for the playoffs. The NFLPA and NFL got involved at some point, I think.

“… I wasn’t going to take away injury guarantees. This game is such a physical game. I’ve played for 12 years and that matters to me.”

The former Seahawks superstar suffered multiple injuries, including a concussion last season; he missed two games. Were he unable to pass a physical by the start of the 2024 league year, the Broncos would be locked into paying that guarantee. Sitting him to close out this season doubles as a bubble-wrap scenario Las Vegas utilized with Carr and Washington executed by sitting Robert Griffin III — to protect against his fifth-year option salary from locking in, back when the options were guaranteed for injury only — in 2015.

A 2024 release will hit the Broncos with a record-shattering dead-money figure, $84.6MM over two years in a post-June 1 cut scenario. (For perspective, the Falcons’ $40.5MM Matt Ryan dead-money hit is the current single-player record.) But Denver’s two-year starter said Friday (via Tomasson) he wants to stay with the Broncos beyond this season. That would almost definitely require a contract adjustment, and the nine-time Pro Bowler did not confirm he was open to that.

Indicating disappointment with the Broncos’ midseason request and calling it a “low blow,” Wilson still appears headed toward free agency. When asked about the October attempt to adjust Wilson’s contract, Payton said (via Tomasson) he was not privy to the matter pertaining to the injury guarantee. The timing of the request occurred between the Broncos’ wins over the Chiefs and Bills. While they won four more games after the request, the team’s losses to the Lions and Patriots have all but buried its playoff hopes.

The guarantee in question — a $37MM sum — covers Wilson’s 2025 base salary; it shifts from an injury guarantee to a full guarantee on Day 5 of the 2024 league year. The Broncos attempted this ultimatum measure to explore a post-2023 future with Wilson, Renck notes. The Broncos aimed to move the vesting date from March 2024 to March 2025 to provide them more flexibility, per Tomasson.

Faring better this season than he did in 2022, Wilson has still not justified the trade cost or the $49MM-per-year extension. The former Super Bowl champion would have had a better chance to stay in Denver for the 2024 season had he accepted the team’s terms, but it is not surprising he would decline this request. It would have represented a risk had he gotten injured during the season’s second half. Were that $37MM guarantee not in the equation, the Broncos could have cut Wilson in 2025 for $49MM rather than the $84.6MM total they will soon face.

Wilson is not expected to receive that extra $37MM, but his contract will have paid out the $124MM fully guaranteed; that represents a monster sum for two years of work. Barring an 11th-hour reconciliation, the parties will separate at some point between Super Bowl LVIII and that March vesting date. Wilson will presumably look for another chance at a starting job elsewhere, while his contract will hamstring the Broncos as they seek to replace him.

“I hope that it’s here. I hope that it’s here for a long time,” Wilson said of his playing future. “… But if it’s not here, I’ll be prepared to do that somewhere else.”

Ian Rapoport of NFL.com does say that the Broncos will only part ways with Wilson if a better option becomes available to them. After all, as we discussed when the news of Wilson’s benching was first reported, Wilson will account for roughly the same charge on Denver’s cap over the next two seasons regardless of whether the club cuts him or retains him through Day 5 of the 2024 league year (although the actual cash outlay would be $37MM less if Wilson is released prior to the vesting date). Rapoport floats the possibility of a trade, noting that Wilson’s no-trade clause would allow player and team to work together to engineer some sort of mutually-beneficial exit.

Likewise, Adam Schefter of ESPN.com acknowledges that keeping Wilson or trading him are options that remain on the table, but both pundits ultimately believe that a release is far and away the more realistic outcome. Assuming Wilson is indeed cut, the Broncos are likely to designate him as a post-June 1 release to at least spread his staggering dead money hit over two seasons, as Schefter confirms.

Rapoport notes, as we also detailed previously, that Payton is unhappy with the way his offense looks with Wilson at the helm. Payton, who was privately unsure how Wilson would perform in the system that Drew Brees thrived in for so many years, has had to pare down and simplify his scheme, and even that did not allow the offense to operate at the speed that would allow it to maximize its potential. Furthermore, players have seen on film how Wilson, despite some big fourth-quarter performances, has failed to find open receivers on a consistent basis, and some players wondered even before Wilson’s benching if Stidham would be the better option. Starting today, we will start to see if there is some merit to those musings.

Rory Parks contributed to this post.

The Broncos made a potentially franchise-altering move on Wednesday by benching Russell Wilson. Given his struggles in Denver across the past two seasons and the nature of his contract, it is widely believed his time with the team has come to an end.

In the wake of the news regarding Wilson’s demotion, Bleacher Report’s Jordan Schultz reported the Broncos first threatened to bench Wilson after their upset win over the Chiefs on October 29. The reason for that action, both then and with today’s move of making it official, he notes, was tied to the timing of Wilson’s 2025 injury guarantee. If on the roster on the fifth day of the 2024 league year, Wilson’s mega-pact would trigger $37MM in 2025 money.

Schultz adds the Broncos asked the former Super Bowl winner to delay the time at which that clause kicked in. Further reports (including from Denver7’s Troy Renck) have corroborated that, with the latter noting the Broncos intended to have Wilson compete for the starting role this offseason without having a guarantee in place for the following year. To no surprise, the 35-year-old did not acquiesce to that plan.

During the time after Denver’s attempt to remove the 2025 guarantees, the NFL, NFLPA and an “unknown party” took part in negotiations over the matter, per Schultz and Mark Maske of the Washington Post. In the end, no adjustments were made to Wilson’s contract, leaving the Broncos in a unenviable financial position. With a substantial dead cap charge looming, the team is positioned to release him and begin another search process for a long-term answer under center.

When addressing the matter publicly, head coach Sean Payton admitted that “economics” were a factor in the decision to essentially put a firm end to the Wilson era in the Mile High City. Since he will dress as the backup this week, though, the possibility remains the longtime Seahawk could be thrust back into action and thus put himself at risk for injury. Still alive for the playoffs, Denver’s middling offense will rely on Jarrett Stidham at the QB spot to finish the season.

Following that, Payton (whose relationship with Wilson has been the source of plenty of speculation during the year) will likely be heavily involved in the search process for a new quarterback. That, coupled with Wilson’s first career foray into free agency – presuming the team follows through with his release – will be among the league’s top 2024 offseason storylines.