Broncos release Russell Wilson, opt for $53 million cap charge in 2024 - NBC Sports
As not widely expected, the Broncos have opted to take the bulk of the $85 million cap charge in 2024.
PFT has confirmed that the Broncos have released Wilson. That’s something that needed to be done before March 17, at which time his 2025 base salary of $37 million would have become fully guaranteed.
The Broncos designated the move as a post-June 1 release. That will spread the cap charge over two years. However, instead of taking $35.4 million this year and $49.6 million in 2025, they’ve opted to absorb $53 million in 2024 and $32 million in 2025.