Russell Wilson is done in Denver. Unofficially, but at this point that’s just a formality. Between the news of Wilson being benched for backup QB Jarrett Stidham and the revelation that the two sides have been fighting behind the scenes for weeks over Wilson’s $37 million injury guarantee — all while the Broncos were on a five-game winning streak — it’s clear that both sides are ready to move on from the situation in 2024.
Just a week ago, there was a look at the financial ramifications of the Broncos deciding to move on from Wilson this offseason. There’s more detail in that piece, but the headline is Denver will have to account for $85 million on their books over the next two years for Wilson while he goes on to continue his career elsewhere.
As an unrestricted free agent, Wilson’s next team would only have to pay him the veteran minimum of $1.21 million. If he signs a multi-year deal, the Broncos will be paying the bulk of Wilson’s salary for two years.
The market for Wilson will be fascinating. Statistically the veteran has been dramatically better this season than he was in 2022, but Broncos HC Sean Payton was unable to return Wilson to the statistical heights he experienced in Seattle. Some of the more nuanced stats like EPA per play or adjusted net yards per attempt paint a more average picture.
The Broncos were willing to move on because the production they got from Wilson didn’t match the financial obligations keeping him would have entailed. A new team won’t have that dilemma, which is why Wilson will have a market as a free agent as long as he wants to keep playing.
Earlier this season, a two-part series looked ahead to the 2024 quarterback carousel. Part I examined where every team stood at quarterback and which teams would be highly motivated to find an upgrade. Part II was determining the available options and the possible matches teams could find in free agency, the draft or the trade market.
Other quarterbacks who are scheduled to be free agents or expected to be cut include Vikings QB Kirk Cousins, Buccaneers QB Baker Mayfield, Raiders QB Jimmy Garoppolo, and Titans QB Ryan Tannehill. Off the cuff, Wilson could be in the same tier as Mayfield, behind Cousins and ahead of Garoppolo and Tannehill.
Potential landing spots for Wilson include the Las Vegas Raiders and the Atlanta Falcons.
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