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Denver Broncos Take $53 Million Gut Punch

American football quarterback for the Denver Broncos of the National Football League Russell Wilson arrives at the 2022 ESPY Awards held at the Dolby Theatre on July 20, 2022 in Hollywood, Los Angeles, California, United States. (Photo by Xavier Collin/Image Press Agency)

Denver Broncos Take $53 Million Gut Punch

by Larry Ulibarri
March 14, 2024
in Sports, Trending
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The Denver Broncos swallowed a bitter pill this week, officially releasing quarterback Russell Wilson. This move comes with a hefty price tag – a league-record $53 million dead cap hit in 2024, accounting for over 20% of their adjusted salary cap.

Despite the financial blow, ownership maintains the decision prioritizes winning. General Manager George Paton has been strategic this offseason, restructuring contracts and making key trades to free up cap space.

The Broncos will face their former quarterback, Russell Wilson, when the Pittsburgh Steelers visit Empower Field at Mile High later this season.

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