George Paton, Greg Penner comment on Russell Wilson’s new contract with Broncos

“Our organization is fully committed to winning and competing for Super Bowls with Russell [Wilson] as a Bronco for many years to come.”

The Denver Broncos have agreed to terms on a new five-year contract with quarterback Russell Wilson, the team announced Thursday.

Terms of the deal were not disclosed by the team, but multiple outlets have reported that the five-year extension is worth $245 million. After the team announced the deal on Thursday afternoon, general manager George Paton and owner/CEO Greg Penner both released statements on the contract.