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The Steelers opted for a complete overhaul of the quarterback position this offseason, signing Russell Wilson and trading for Justin Fields. Both passers are pending free agents, and it remains to be seen if each member of the pair will be retained for 2025. 
In Wilson’s case, though, his time in the lineup has certainly strengthened his case for a new Pittsburgh deal. The former Seahawks Super Bowl winner endured an underwhelming two-year tenure with the Broncos, leading to his release this offseason (during which Denver took on a dead money charge of $85MM). The Steelers added him on a veteran minimum pact, positioning him to operate as a low-cost Kenny Pickett replacement.
Fields started the Steelers’ first six games while Wilson recovered from a calf injury. Once the latter was healthy, head coach Mike Tomlin made the unilateral decision to insert him into the starting lineup. Pittsburgh went 4-2 with Fields at the helm, but Wilson was seen as having a higher ceiling in the passing game in particular. That has proven to be true to date, as highlighted most recently by his 414-yard outing against the Bengals in Week 13.
Overall, Wilson has led the Steelers to a 5-1 record as a starter, posting a 10:3 touchdown-to-interception ratio along the way. His 104.3 passer rating is his highest since 2020, and maintaining his current level of play would help his value on a new Pittsburgh deal this offseason or one sending him to a new team. Retaining Wilson is a priority for Pittsburgh, but an agreement on that front will only be reached after the campaign.
In the event the 36-year-old does get the opportunity to test the market, he could face a wide range of offers. Executives who communicated with CBS Sports’ Jonathan Jones were split when polled about what a Wilson offer would look like this offseason. Projections in terms of annual average value ranged from roughly $10MM on the low end to $35MM on the high end. How he and the Steelers perform over the coming weeks will obviously be key in determining Wilson’s earning potential.
The top of the QB market has seen considerable growth in recent years, and Dak Prescott‘s latest Cowboys deal made him the first $60MM-per-year player in NFL history. Eight other passers are attached to a deal averaging at least $51MM per season, while six sit between $40MM and $46.1MM. Given his age, Wilson should be expected to check in at a tier below those markers, but the likes of Geno Smith (Seahawks) and Baker Mayfield (Buccaneers) have parlayed strong seasons into healthy veteran pacts in the middle class of established starters.
Mayfield played on a one-year, $4MM pact with Tampa Bay in 2023 before landing a three-year, $100MM contract this offseason. Wilson is not in an identical situation given his age and his Broncos compensation, but he too could turn an impressive showing on a new team into a medium-term commitment and a raise. With Wilson and Fields combining to account for only $4.44MM on Pittsburgh’s cap sheet this year, a notable spike in that figure should be in store if continuity is sought under center.
Sam Darnold took a one-year Vikings pact as a potential springboard to a lucrative deal elsewhere, and his success in Minnesota has him on track to be the top quarterback in the 2025 free agent market. Wilson could join him as an older option for teams not in position to add a first-round passer in the draft or those seeking a bridge starter to partner with a developmental QB. Fields could also represent an intriguing free agent candidate in the event he were to depart.
The Steelers have not managed to find a long-term Ben Roethlisberger replacement since his retirement, and Wilson will likely not serve in that capacity far beyond 2025 even if he is retained given where he is in his career. Still, he could be an intriguing free agent in the event the Steelers were to allow him to test the market.