Russell Wilson faces a significant financial challenge as he prepares to part ways with the Denver Broncos, aiming to offload two luxury properties amid his pending release from the team.
Following the announcement on Monday of his impending departure from the Broncos after a tumultuous tenure, Wilson and his wife Ciara find themselves in the predicament of selling both their Denver mansion and their lingering property in Washington state.
Last week, reports surfaced that Wilson had commenced entertaining offers and conducting tours for potential buyers interested in his Denver residence. Acquired for a whopping $25 million in April 2022, the property, spanning 20,000 square feet and situated on five acres, features opulent amenities including four bedrooms, 11 bathrooms, his-and-hers walk-in closets, and office spaces. Additionally, it boasts an indoor swimming pool, a basketball court, and a guest apartment equipped with its own kitchen.
While the listing is presently off-market with no specified price tag on Realtor.com, Wilson’s eagerness for a swift sale is evident as he awaits further developments regarding his NFL career. Offers are anticipated from teams seeking quarterback options, particularly in light of the upcoming draft.
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However, Wilson’s real estate endeavors extend beyond his Denver abode, as his Bellevue residence in Washington remains unsold. Initially listed for $28 million in the spring of 2022, the property has since undergone a price reduction to $26 million. The picturesque estate, spanning two stories and occupying 1.89 acres, boasts six bedrooms, seven bathrooms, and offers panoramic views of Lake Washington. Notable features include a tram leading to the water’s edge, a games room, cinema room, children’s playroom, and a private gym. Additionally, the property grants access to a private marina, complete with a dock accommodating up to four boats, including a 60′ yacht.
Wilson’s tenure with the Broncos proved to be a significant disappointment, marked by on-field struggles and organizational upheaval. Despite signing a lucrative five-year, $245 million contract extension, his performance failed to meet expectations, prompting the Broncos to opt for his release just 19 months into the deal. With his departure imminent, Wilson expressed gratitude to fans and teammates on social media while acknowledging the challenges ahead.
As Wilson navigates this transitional period, the Broncos face the daunting task of absorbing a record $89 million in dead cap charges over the next two seasons. Nevertheless, the team remains committed to fortifying its roster through the draft and free agency as it seeks to reverse its playoff drought.
While Wilson’s future in the NFL remains uncertain, his efforts to divest himself of his properties signal a new chapter on the horizon, both on and off the field.
