Russell Wilson’s Contract Details: How Much the Steelers and Broncos Are Paying Him in 2024

Russell Wilson, the veteran quarterback who recently joined the Pittsburgh Steelers, is in the midst of a significant career transition. After a tumultuous stint with the Denver Broncos, Wilson signed a one-year contract with the Steelers worth $1.21 million, making him one of the lowest-paid starting quarterbacks in the NFL for the 2024 season.

Wilson’s contract with the Steelers includes a full no-trade clause, giving him the power to veto any potential trades. This deal is a marked contrast to his previous contract with the Denver Broncos, which was a five-year, $242.5 million extension signed in 2022. That contract included $124 million in guarantees, with the Broncos having already paid Wilson $85 million before releasing him in 2024.

This season, Wilson is earning the remaining $39 million from his Broncos contract, with the Steelers contributing just $1.21 million and the Broncos responsible for the remaining $37.79 million. After this season, neither the Broncos nor the Steelers will owe Wilson any further payments, unless the Steelers decide to extend his contract.

Wilson’s return to the field has been notable, particularly after missing the first six weeks of the season due to a calf injury. In his debut start for the Steelers in Week 7, Wilson led the team to a 37-15 victory over the New York Jets, throwing for 264 yards and two touchdowns, and also rushing for a touchdown.

The financial implications of Wilson’s contract are significant for both teams. The Broncos are carrying an NFL record $85 million in dead cap space due to Wilson’s contract, which has forced them to make budgetary adjustments in other areas of their roster.