At last, the Denver Broncos are (nearly) free of quarterback Russell Wilson’s contract fallout.
Two years ago, the Broncos took on the largest dead money salary cap hit in NFL history ($85 million) when they released Wilson. For cap purposes, Denver spread the dead money over two seasons: $53 million in 2024 and $32 million in 2025.
Once the NFL’s new league year begins on March 11, Wilson’s contract will officially be off the team’s books.
“I think we navigated it well,” team owner/CEO Greg Penner said during his end-of-season press conference last week. “You prefer not to have that kind of dead money on your books because it can be a limiter, but I love the approach we took, which was none of us were ever going to make any excuses for that.
“So, we just looked at it as, ‘We’re going to have some constraints. We’re going to have to be scrappy, and we’re going to figure it out and put a great product on the field.’ I think that we’ve done that. We’re in a good position now in terms of cap space, as well as our draft picks. That’s exciting as we go into this offseason.”
The Broncos are projected to have $25.5 million to $30 million in salary cap space this spring, plus nine picks to use in the NFL draft. That puts the team in position to make some splashes this offseason.
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This article originally appeared on Broncos Wire: Denver Broncos: Russell Wilson’s contract off the books in March
