Russell Wilson contract details: Veteran QB looks to resurrect career with Steelers after Broncos release

Russell Wilson has officially found a new home. The 35-year-old announced on Sunday night that he is signing with the Steelers to begin a new chapter in his NFL career.

The Broncos released Wilson after two lackluster seasons in Denver during which the former Seahawks quarterback struggled to be the playmaker he was in Seattle. His failure to live up to expectations forced the Broncos to cut him and take on a dead cap hit of $85 million, good for the highest mark in NFL history.

Wilson still has talent and posted decent numbers last season, so there is hope he can bounce back with a change of scenery. Considering that — and that he came cheaper than most veteran quarterbacks — there’s hope that he can bounce back in Pittsburgh.

Here’s what to know about Wilson’s contract how he fits with the Steelers.

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Russell Wilson contract details

Wilson signed a one-year, “team-friendly” contract with the Steelers that will put the Broncos on the hook for $38 million in 2024. Pittsburgh is only paying the former Super Bowl champion $1.2 million, per NFL Network’s Ian Rapoport.

While Wilson’s salary with the Steelers is near the minimum, it must be noted that has earned $266.4 million during his NFL career. That’s good for the fourth-most in NFL history, so he can afford to take a major pay cut this season.

Wilson is a bargain at this price, but he will make significantly more than his new contract indicates, and that’s all thanks to the Broncos.

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How much do the Broncos owe Russell Wilson?

The Broncos originally owed Russell Wilson $39 million for the 2024 NFL season after releasing him. His deal contains within it offset language, so Wilson’s estimated $1 million salary with the Steelers will be subtracted from the amount Denver owes him.

As a result, the Broncos will pay Wilson a hefty $38 million in 2024 while the Steelers will pay Wilson about $1 million. Overall, that amounts to a $39 million payday for Wilson this season.

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Russell Wilson stats

Wilson is coming off a 2023 season during which he posted solid numbers in his first season under Sean Payton. The 35-year-old quarterback completed 66.4 percent of his passes for 3,070 yards, 26 touchdowns, and eight interceptions while leading the Broncos to a 7-8 record.

Wilson was benched in favor of Jarrett Stidham over the final two games of the season, so he will hope to avoid that fate in Pittsburgh in 2024.

Below is a look at Wilson’s career stats from his 10 seasons with the Seahawks and two with the Broncos.

Year Team Record Comp. % Passing yards Pass TDs INTs Rating
2012 Seahawks 11-5 64.1 3,118 26 10 100.0
2013 Seahawks 13-3 63.1 3,357 26 9 101.2
2014 Seahawks 12-4 63.1 3,475 20 7 95.0
2015 Seahawks 10-6 68.1 4,024 34 8 110.1
2016 Seahawks 10-5-1 64.7 4,219 21 11 92.6
2017 Seahawks 9-7 61.3 3,983 34 11 95.4
2018 Seahawks 10-6 65.6 3,448 35 7 110.9
2019 Seahawks 11-5 66.1 4,110 31 5 106.3
2020 Seahawks 12-4 68.8 4,212 40 13 105.1
2021 Seahawks 6-8 64.8 3,113 25 6 103.1
2022 Broncos 4-11 60.5 3,524 16 11 84.4
2023 Broncos 7-8 66.4 3,070 26 8 98.0

Wilson has a career record of 115-72-1 with 43,653 yards, good for the 19th most all-time. He’ll look to improve upon those marks as he continues into the twilight of his career.

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