Denver Broncos quarterback Russell Wilson has become one of the top-five highest-paid quarterbacks in the NFL. He and the Broncos have agreed on a new five-year deal worth $245 million, including $165 million in guarantees.Wilson will be with Denver for the next seven seasons as he has two years remaining on his previous contract.Field Yates@FieldYatesThe top-5 highest paid QB in terms of average annual value now:1. Aaron Rodgers: $50.271M2. Russell Wilson: $49M3. Kyler Murray: $46.1M4. Deshaun Watson: $46M5. Patrick Mahomes: $45M1390270The top-5 highest paid QB in terms of average annual value now:1. Aaron Rodgers: $50.271M2. Russell Wilson: $49M3. Kyler Murray: $46.1M4. Deshaun Watson: $46M5. Patrick Mahomes: $45MThe Broncos made a big move when they acquired the former Super-Bowl winning quarterback from the Seattle Seahawks this offseason. They have now doubled down on that decision with this contract extension.NFL@NFLSeahawks and Broncos have agreed in principle on a trade sending QB Russell Wilson to Denver. (via @TomPelissero)387796895Seahawks and Broncos have agreed in principle on a trade sending QB Russell Wilson to Denver. (via @TomPelissero) https://t.co/yOI2EcEOtxIn exchange for Wilson, the Broncos sent Seattle the following: Tight end Noah Fant, quarterback Drew Lock, defensive lineman Shelby Harris, two first-round picks (ninth overall 2022 and 2023), two 2nd-round picks and a fifth-round pick.Russell Wilson is set to replace Drew Lock and Teddy Bridgewater, who featured at quarterback for the Broncos last season.Russell Wilson's contract breakdownDenver Broncos v Buffalo BillsWith the new deal, Russell Wilson has become the second-highest paid quarterback in the NFL. He is behind Green Bay Packers quarterback Aaron Rodgers, who earns $50 million in average annual value. On his new deal, Wilson will earn an average of $49 million per season.Adam Schefter@AdamSchefterBreaking: Broncos and Russell Wilson just reached agreement on a five-year, $245 million contract extension that includes $165 million guaranteed, sources tell ESPN.Deal now ties Wilson to Denver for seven total years and $296 million. Another massive QB deal in the books.105542089Breaking: Broncos and Russell Wilson just reached agreement on a five-year, $245 million contract extension that includes $165 million guaranteed, sources tell ESPN.Deal now ties Wilson to Denver for seven total years and $296 million. Another massive QB deal in the books. https://t.co/uk6yelOL3jWilson still has two years left on his previous deal. He is set to make $24 million and then $27 million in the next two seasons from the final two years of his previous deal. After that, over the course of the next five years, he will earn $49 million per year per season and will be tied to the Broncos until he is 40 years old.Mike Klis@mikeklisSource confirms Broncos and QB Russell Wilson have reached agreement on 5-year extension.He now has 7-year contract for $296 million -- $42.3 million a year. But that includes $24M this year and $27M next year. New money is 5 years at average of $49M a year. #9sports32851Source confirms Broncos and QB Russell Wilson have reached agreement on 5-year extension.He now has 7-year contract for $296 million -- $42.3 million a year. But that includes $24M this year and $27M next year. New money is 5 years at average of $49M a year. #9sportsWilson has the seventh-highest cap hit this season, and only four quarterbacks will be paid over $30 million this season.Russell Wilson's career earnings in the NFLMinnesota Vikings v Denver BroncosWith this five-year contract extension with the Denver Broncos, Wilson has become one of the highest paid quarterbacks of all time.According to spotrac.com, Wilson thus far, has earned $181.3 million in his 10-year career. He will make an additional $24 million this season and $27 million on the two years remaining on his last deal. That total would come to $232 million on top of his new five-year $245 million.While the details are still being sorted out, if he makers every single dollar on that deal, he will have earned $477 million throughout his career.Russell Wilson is a Super-Bowl winning quarterback and a nine-time Pro Bowler. He has a career passer rating of 101.8, and holds nearly all Seattle passing records. We will see if he can continue to produce with the Broncos in the upcoming season.