After 'Ruinous' NFL Deal Ends, Russell Wilson Finds New Home

After Broncos cut QB, he signs with Pittsburgh
By John Johnson,  Newser Staff
Posted Mar 5, 2024 6:24 AM CST
Updated Mar 11, 2024 12:08 AM CDT
It Will Go Down as One of the Worst-Ever NFL Deals
Quarterback Russell Wilson is out of a job in Denver.   (AP Photo/Duane Burleson, File)
UPDATE Mar 11, 2024 12:08 AM CDT

Days after the Denver Broncos released Russell Wilson, sources tell the AP the nine-time Pro Bowl quarterback has found a new team. Wilson has reportedly signed a one-year deal with the Pittsburgh Steelers. Sources say Wilson is expected to be paid $1.21 million, but the deal is not finalized. The Broncos are also paying out the remainder of his $39 million salary from his time with that team, which was cut short. Wilson posted on X Sunday referencing his intention to sign with the Steelers.

Mar 5, 2024 6:24 AM CST

The Denver Broncos' Russell Wilson experiment is over. The team released the veteran quarterback on Monday, cutting its losses on a deal that "will go down as one of the most ruinous in NFL history," writes Frank Schwab at Yahoo Sports. Let us count the ways:

  • The deal: The Broncos signed Wilson in the 2022 offseason to a five-year $242.6 million contract, per To get him, they gave up two first-round draft picks, three other draft picks, and three players to the Seattle Seahawks.
  • The results: The former Super Bowl champ with Seattle went 11-19 as a starter with Denver over two miserable seasons in which they had one of the league's worst offenses. Wilson got benched late last season, notes CBS Sports, reportedly after he refused to rework his contract.

  • The money: Denver will have to pay the 35-year-old Wilson $39 million for the upcoming season even after releasing him, reports the Guardian. However, by cutting him before the official start of the new league year, they won't have to pay him another $37 million for the 2025 season. More hurt: The team will take a record-high "dead money" hit of $85 million in regard to their salary cap—a reference to money allocated for a player no longer with a team.
  • The upshot: So how bad was this deal? "Disastrous" is the word the used by the Athletic, which ticks off the 10 worst deals for a veteran QB in league history and puts this one at No. 1. Still, expect Wilson to sign with another team, and USA Today looks at likely landing spots. Wilson, for his part, says he is "excited for what's next."
(More Russell Wilson stories.)

Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.