DENVER, CO -- The Denver Broncos have made significant moves in their quarterback position, acquiring Zach Wilson in a trade and selecting Bo Nix in the first round of the NFL draft. The team has also made decisions regarding the contract options for both players, as well as their plans for the starting quarterback role.

In a trade with the New York Jets, the Broncos acquired quarterback Zach Wilson. As part of the deal, the Broncos sent a sixth-round pick to the Jets and received a seventh-round pick in return. Wilson, who was the No. 2 pick in the 2021 draft, joins the Broncos after spending his first two seasons with the Jets.

Additionally, the Broncos selected Oregon quarterback Bo Nix in the first round of the NFL draft. With these acquisitions, the Broncos have added depth and competition to their quarterback position.

The Broncos have informed Zach Wilson that they will not exercise the fifth-year option in his contract, which would have been worth $22.408 million. This decision indicates that the team is taking a cautious approach with Wilson and may be evaluating other options for the future. On the other hand, the Broncos have exercised the fifth-year option on cornerback Pat Surtain II's contract, securing his services for $19.8 million.

With the addition of Wilson and Nix, the Broncos now have three quarterbacks vying for the starting role. Alongside Wilson and Nix, Jarrett Stidham is also in the mix. Head coach Sean Payton has stated that all three quarterbacks will have an equal opportunity to compete for the starting job. This decision reflects the team's commitment to fostering healthy competition and finding the best fit for their offense.

During his time with the Jets, Zach Wilson displayed potential but also faced challenges. He had a 57% completion rate and threw 25 interceptions in his three seasons with the team. Despite these numbers, the Broncos view Wilson as a talented player and are excited to have him on board. The team believes that this fresh start in Denver will provide Wilson with a supportive environment to develop his skills and reach his full potential.

As the Broncos head into the upcoming season, the acquisition of Zach Wilson and the selection of Bo Nix demonstrate the team's commitment to strengthening their quarterback position. With the competition for the starting job heating up, the Broncos are focused on finding the right leader to guide their offense to success.