The Denver Broncos will take up an NFL-record $53 million in lifeless cap cash with quarterback Russell Wilson’s launch, in response to a number of reviews.
The Broncos made Wilson’s launch on Wednesday, the primary day of the NFL’s new league 12 months. He was given a post-June 1 designation, which means the cap hit could be unfold over two seasons.
Nonetheless, the $53 million penalty is the most important single-season hit in NFL historical past, in response to sports activities contract database Spotrac. It accounts for greater than 20% of the staff’s wage cap in 2024, which final month was elevated to simply north of $255 million per staff.
Wilson will even value the Broncos $32 million towards the cap in 2025, in response to a number of reviews.
The Denver #Broncos $53M lifeless cap cost for Russell Wilson this season will symbolize the very best single season cap hit in any capability in #NFL historical past.
It accounts for 20.5% of Denver’s adjusted wage cap in 2024.
— Spotrac (@spotrac) March 14, 2024
Denver spent the times main as much as NFL free company getting ready for this. It cleared almost $50 million in cap area by chopping security Justin Simmons and tight finish Chris Manhertz, buying and selling wideout Jerry Jeudy and restructuring a handful of different contracts.
These strikes allowed them to push a extra important wage cap penalty right into a rebuilding 12 months in 2024 to ease the longterm ache of Wilson’s albatross contract.
Wilson, in the meantime, will play for the Pittsburgh Steelers in 2024-25 on a team-friendly deal. Pittsburgh can pay him round $1.2 million, in response to a number of reviews.
