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Broncos, Russell Wilson agree to 5-year, $245M extension

The Denver Broncos signed quarterback Russell Wilson to a five-year contract extension on Thursday worth a reported $245 million, including $165 million in guaranteed money.

The Broncos did not disclose financial terms. Wilson will be under contract with the Broncos for seven seasons. The total deal is worth $296 million, per multiple reports.

"In just a few short months with the Broncos, Russell has already had a dramatic effect on this organization both on and off the field," Broncos general manager George Paton said in a press release. "His leadership, work-ethic and championship mentality have helped elevate our team in partnership with Coach Hackett, his teammates and the staff.