Denver Broncos wide receiver Courtland Sutton has agreed to a significant contract extension, finalizing a four-year, $92 million deal, according to NFL Network’s Tom Pelissero. This extension comes as Sutton approaches the final year of his previous contract and is expected to bolster the Broncos’ salary cap, which currently stands at $283.7 million, as reported by Spotrac.

Negotiations Progressed Rapidly Ahead of Announcement

Insider reports from Jordan Schultz emphasized that Sutton and the Broncos had made notable strides in recent negotiations, with multiple sources anticipating a swift resolution. Broncos head coach Sean Payton confirmed this progress in a recent media briefing, stating that the team was “real close on a contract” with Sutton. Payton and general manager George Paton planned to meet with the receiver to finalize details, saying,

I think there’ll be something fairly soon here.

—Sean Payton, Broncos Head Coach

Sutton’s Performance Validates Investment

During the 2024 season, Sutton proved indispensable, recording a career-best 81 receptions for 1,081 yards and eight touchdowns despite working with a rookie quarterback, Bo Nix. His consistent play helped build a connection with Nix, who was the Broncos’ No. 12 overall pick. Sutton’s veteran presence proved critical in guiding Denver to a 10-7 record and their first postseason appearance since their 2015 Super Bowl victory.

Extension Key to Broncos’ Playoff Aspirations

By securing Sutton’s future with the team, the Broncos aim to maintain stability at the wide receiver position while continuing to develop their young quarterback. Retaining this duo enhances the team’s potential to become a steady playoff contender. This contract extension is a strategic move to ensure that Denver can build on the momentum gained during their recent successful campaign.