The Denver Broncos and quarterback Russell Wilson have agreed to a five-year, $245 million extension, which will keep the veteran under contract through 2028. Wilson’s previous deal ran though next season and he was owed $51 million.

Sources told NFL Network and other sports outlets on Thursday morning about the deal between Wilson and the Broncos; his combined deals are now worth a total of nearly $300 million. Wilson is set to make an average annual value of $49 million, second only to Green Bay Packers quarterback Aaron Rodgers ($50.2M).

The 33-year-old Wilson completed 64.8% of his passes for 3,113 yards, 25 touchdowns and six interceptions in 14 starts last season.  The nine-time Pro Bowler completed 65% of his throws for 37,059 yards, 292 touchdowns and 87 interceptions in 158 starts over his previous 10 seasons with the Seahawks, and is the Seahawks’ franchise leader in passing yards and touchdowns.

The Seahawks traded the nine-time Pro Bowl selection and Super Bowl XLVIII champion, along with a fourth-round draft pick, to the Broncos in March in exchange for three players and five draft picks.

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