Report: Russell Wilson lost over $3 million on sale of Denver home

Per Courtney Geers with the Denver Business Journal, Wilson lost $3.5 on his nearly two-year investment in his Denver-area home:

“The recently released quarterback lost millions selling the home he owned for less than two years.

Russell Wilson appears to be making a quick departure from Denver and will lose $3.5 million as he goes.

The Broncos’ recently released quarterback has sold his Cherry Hills Village home for $21.5 million, according to property records recorded on March 20. That’s compared to the record $25 million he and his wife, singer-songwriter Ciara, paid for the home at 10 Cherry Hills Park Drive on April 1, 2022.”

That’s kind of a crazy outcome, given how housing market pricing exploded in the previous few years as interest rates skyrocketed.

The Pittsburgh Steelers aren’t paying him close to what he lost

Wilson’s new salary with the Steelers won’t be enough to cover the loss. The Steelers signed Wilson to a veteran minimum one-year deal worth $1.21 million. Fortunately for Wilson, the Broncos are paying him $39 million in the upcoming season for the Super Bowl champion to throw footballs to George Pickens in 2024. That will more than cover the losses Wilson endured for the move.

One has to wonder if Wilson is considering buying a fancy home near Pittsburgh after losing so much cash in Colorado.