Report: Broncos, Wilson reach agreement on five-year, $245 million contract

The Denver Broncos and newly acquired veteran quarterback Russell Wilson have reportedly reached an agreement on a five-year contract extension worth a total of $245 million, including $165 million guaranteed, according to ESPN's Adam Schefter. 

Breaking: 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. pic.twitter.com/uk6yelOL3j

More to follow.