Wilson has expressed a desire to play both sports in the past. He made it clear that playing both sports would be a real option if his baseball rights were traded from the Texas Rangers to the Seattle Mariners.
The extension is for four years and $87.6 million. The deal includes a $31 million signing bonus and an estimated $60 million in guaranteed money. Wilson confirmed the four year extension on his Twitter account.
Wilson has one Super Bowl win and has thrown for 72 touchdowns with 26 interceptions in his three-year career.
That is only one million annually less than what Packers quarterback Aaron Rodgers is earning and he is the highest-paid player at his position in the NFL.
Wilson and his team remain at an impasse in contract negotiations with training camp set to open Friday.
Wilson is scheduled to make $1.54 million this season. The two sides reportedly won't negotiate past the start of training camp. The deadline of the July 30 start of camp means that talks should accelerate over the next two weeks.
"The rest will work out. The contract will work itself out. I'm excited about it and excited to hopefully be a Seattle Seahawk for a really, really long time," Wilson said during a football camp. "So, that's the goal."
Wilson is slated to play out the final year of his rookie contract in 2015, making $1.54 million, a figure wildly below market value for a player who has been to back-to-back Super Bowls.
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