Report: Broncos allow Wilson to talk to teams

The Denver Broncos have permitted Russell Wilson to start talking to and meeting with potential suitors immediately, sources told ESPN's Adam Schefter.

The Broncos already informed Wilson that they'll be releasing him, though the move won't be processed until the new league year begins on March 13. The veteran can now effectively start his free agency before his release becomes official.

Wilson's departure costs Denver an NFL-record $85 million in dead money. The franchise will be on the hook for $39 million of Wilson's salary for 2024.

His release marks the end of a failed two-year project by the Broncos, who acquired Wilson from the Seattle Seahawks in a blockbuster trade in 2022 and then inked him to a five-year, $245-million contract extension.

The former Super Bowl champion struggled to replicate his elite Seahawks form with his new club. His first season ended with career lows in wins (4), completion percentage (60.5%), touchdowns (16), and passer rating (84.4).

The Broncos hired Sean Payton as their head coach last offseason in hopes of salvaging Wilson. He responded with 26 touchdowns to eight interceptions but still didn't achieve a winning record, finishing 7-8 and sitting out for the final two games of the campaign.