Sources say Russell Wilson and the Denver Broncos have agreed to a 5-year extension worth $245 million, with $165 million guaranteed. 

General manager George Paton continued to insist this past March that now the immediate strategy would 

1 Paton and the Broncos managed to meet that goal on Thursday.

consenting to a five-year, $245 million augmentation with Wilson that includes $165 million in guaranteed money, according to ESPN's Adam Schefter.

In terms of guaranteed contracts, the blockbuster deal ranks third in NFL history. 

trailing only Browns quarterback Deshaun Watson's $230 million and Cardinals quarterback Kyler Murray's $189.5 million. 

Wilson, 33, has been under agreement with the Broncos for $296 million through to the 2028 season.