On Monday, the Denver Broncos announced that quarterback Russell Wilson will be released following two seasons with the organization.

“We informed Russell Wilson of his release today, March 13, following the commencement of the league year,” the organization said in a statement.

Wilson, 35, was acknowledged by the Broncos for his contributions. The organization continued, “We are focused on building the strongest team possible for the 2024 season and beyond.”

Wilson joined the organization in 2022 as a result of a landmark trade-and-salary transaction that involved him leaving the Seattle Seahawks. NBCSports.com reported that Denver had executed a five-year, $245 million extension with Wilson.

“Around the NFL” of the league reported that the transaction did not produce the desired results for the team. During Wilson’s tenure, the Broncos went 13–21, and head coach Sean Payton benched Wilson in favor of Jarrett Stidham late in the previous season.

NFL statistics indicate that Wilson finished 66.4% of his passes for 3,070 yards with 26 touchdowns and eight interceptions during the previous season.

By virtue of the release date, the group can circumvent the obligation to remit a $37 million guarantee in 2025. Wilson remаins under contract for $39 million in 2024, according to NBCSports.com.

NBCSports.com reports that by releasing Wilson after the league year begins on March 13 but designating him as a post-June 1 release, the Broncos can mitigate the impact of the contract’s payment obligation on the salary cap by extending it across multiple seasons.

Wilson commenced his NFL career in 2012 with the Seattle Seahawks, where he tied Peyton Manning’s record for rookies with 26 touchdown strikes in a single season.

The league’s Rookie of the Year was elected by the fans.

Wilson was selected in the third round by Seattle head coach Pete Carroll from the University of Wisconsin subsequent to his transition from North Carolina State University.

During his high school athletic career, Wilson enrolled at the Manning Passing Academy, which was established by the former quarterback of the Indianapolis Colts and Broncos, Eli Manning.

After the announcement on Monday, Wilson issued the following statement: “Broncos Country, Thank You!”

He stated, “Tough times do not endure, but tough people do.” “The Lord has me. “I am looking forward to what comes next.”