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Despite the huge financial hit the team will take, the Denver Broncos reportedly plan to move on from quarterback Russell Wilson when the 2023 season officially ends.
Denver owes Wilson $39M guaranteed in 2024 whether he’s on its roster or not, but according to ESPN’s Jeremy Fowler, there may be a way the Broncos aren’t on the hook for the entire $85M in dead cap the team would have to absorb over the next two years ($35.4M in 2024, $49.6M in 2025) if it designated him as a post-June 1 release.
But just like parting ways with the 35-year-old QB, it’ll cost them.
“One veteran NFL agent floated this idea: the Broncos could offer a trade to prospective teams on a sliding scale of draft compensation,” Fowler wrote. “For example, if Team X agrees to pay $25M of the $39M, the Broncos would perhaps throw in multiple mid-round picks. It’s like a larger-scale Brock Osweiler trade.”
Fowler is of course referencing the March 2017 trade between the Texans and Browns that sent Osweiler from Houston to Cleveland in exchange for a 2017 sixth-round pick and a 2018 second-rounder.
While the Broncos haven’t completely ruled out bringing Wilson back next season, it appears they’re exploring every avenue possible to move on from the former All-Pro signal caller while minimizing the financial damage to the franchise.
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