The Denver Broncos have given soon-to-be-released Russell Wilson permission to immediately begin speaking and meeting with other teams, according to sources.

The Broncos announced Monday that they informed Wilson that he would be released after the 2024 league year begins March 13.

Denver went 11-19 in Wilson's starts over two seasons and failed to make the playoffs. 

The Broncos signed Wilson to a five-year, $242.6 million deal after his arrival in a blockbuster trade with the Seattle Seahawks in 2022. They will take on an $85 million hit in dead money over the next two seasons because of the release.