DEAL CANCELED: QB Zach Wilson just terminate a 4 year, $35,150,681 contract extension offered by the Denver Broncos after…

Sean Payton and the Denver Broncos had been eyeing quarterback Zach Wilson, possibly due to last season’s embarrassing 31-24 defeat to the New York Jets in Week 5, despite Wilson only passing for 199 yards with an interception.

Although the Broncos were interested in Bo Nix and the 2024 quarterback class, there was no guarantee they would secure their desired pick. Consequently, Denver acquired Wilson from the Jets for a modest price to provide competition for the current quarterback, Jarrett Stidham, and add some veteran presence.

While Wilson’s three-year NFL history makes it challenging to see him as a “fail-safe,” he was at least an experienced option who could compete with Stidham if the Broncos failed to draft a quarterback. Wilson joined the team about a week before the draft, and on April 25, the Broncos selected Nix with the 12th overall pick, setting up an open competition among the three quarterbacks.

After completing the entire offseason training program, updates on Stidham and Nix have been plentiful, but what about Wilson? Nick Kosmider of The Athletic shared his insights earlier this week.

“After 12 practices — 10 OTAs and two minicamp sessions — it’s tough to see how Zach Wilson fits in as the Broncos’ quarterback. Despite his unique arm talent in a QB room that includes rookie Bo Nix and veteran Jarrett Stidham, Wilson seems to need more time to adjust to Denver’s offense, even more so than Nix. Training camp might change things, but at this point, it’s hard to picture Wilson starting for Denver in Week 1. He has considerable ground to cover to secure the backup role,” Kosmider wrote.