6 QBs Broncos Could Target in Draft to Replace Russell Wilson
In a move that seemingly came out of nowhere, the Denver Broncos have benched Russell Wilson less than two seasons after trading for him and a little over a year since giving him a massive extension. There are multiple reasons for the move, from the stagnant offense to the injury guarantees in Wilson's contract.
Benching Wilson preserves the Broncos from possibly having to pay him $37 million in injury guarantees (if he got hurt), making it easier for the team to part ways with the quarterback in the offseason.
Due to his contract, the Broncos will have to cut Wilson prior to the fifth day of the new league year, which starts on March 13. Also, due to the fact that cutting him will trigger an $85 million dead-cap hit, the Broncos will be forced to use a post-June-1 cut to spread that money over the 2024 and 2025 league years.
While parting ways with Wilson isn't 100% set in stone, it's the likely outcome. Wilson certainly expects it.
The Broncos are poised to be looking for a new quarterback in 2024. The team's best path would be through the NFL draft because of the benefits of how a rookie contract would help offset the dead money the team will have to absorb on Wilson.
With a first-round pick, the Broncos get the best chances of hitting on the position while giving them five years of cost control. That would give the Broncos two years to offset the dead cap and rebuild the team, plus two more cheap years to capitalize and a fifth-year option before potentially having to pay that quarterback.
The earlier a quarterback is drafted, the higher the hit rate, which means the Broncos should be playing for draft position over their final two games. It would suck to lose these final two games, but it could be better for the long term. The short-sighted view of another likely lost season shouldn't overrule the team's future outlook beyond 2023.
It's worth noting the Broncos have a 5% chance of making the playoffs when they benched Wilson, but they also currently hold the 14th overall pick in the draft. If the Broncos lose out, they could find themselves with a top-10 pick, and if things go perfectly, they could end up with the No. 6 overall pick, which would put them in position for one of the top three quarterbacks in the 2024 class, even if they would need to trade up to secure it.
Quarterback is the most important position in all of sports; you have to keep swinging until you get it right. So, with the Wilson era in the books, let's take a look at the top six quarterbacks getting first-round consideration at the moment.
Caleb Williams | USC
Drake Maye | North Carolina
Jayden Daniels | LSU
Michael Penix | Washington
J.J. McCarthy | Michigan
Bo Nix | Oregon
Broncos QB Big Board
When evaluating quarterbacks, you always have to factor in the coach and offense. Not all of these quarterbacks are ideal fits for what Broncos head coach Sean Payton likes to do.
For the Broncos, Maye could be ranked higher than Williams because he's a better fit for Payton. That doesn't mean Willians wouldn't work out.
Here's my best guess at the Broncos' QB pecking order, with months left in the draft process:
- Drake Maye | North Carolina
- Caleb Williams | USC
- Jayden Daniels | LSU
- Bo Nix | Oregon
- Michael Penix | Washington
- J.J. McCarthy | Michigan
There are still many variables in play, but if the Broncos are moving on from Wilson, Payton will want a guy who can run his offense. Some of these options are simply better fits for that.
Time will tell, and there's a chance the Broncos won't even move on from Wilson, slim as it may seem.
Follow Mile High Huddle on Twitter and Facebook.
Subscribe to Mile High Huddle on YouTube for daily Broncos live-stream podcasts!