Adam Schefter of ESPN provided financial details, while Ian Rapoport of NFL Network noted there is a no-trade stipulation inserted into the quarterback's deal:
Wilson confirmed on his Twitter account that he is set to sign an extension:
"Hey, Seattle, we got a deal," he said. "Go Hawks. But I'ma see y'all in the morning. Time for y'all to go to bed."
Seahawks linebacker Bobby Wagner was pleased with the news:
As Brady Henderson of ESPN.com relayed, Wilson had set a midnight deadline on April 15 for any extension, and the video he posted came 45 minutes after that time passed.
Wilson had a year left on his previous deal with the Seahawks, although his representatives reportedly made clear a new contract needed to be agreed to by the deadline. Henderson noted the 30-year-old was set to make $17 million in his final season. That, combined with the reported $140 million extension, gives him the league's highest contract value.
"The deal was apparently finished after four days of negotiations between the Seahawks and Wilson's agent, Mark Rodgers, who arrived at the team's headquarters Friday," the report added.
Mike Garafolo of NFL Network noted there was trade interest in the five-time Pro Bowl quarterback from the New York Giants and discussed the potential domino effects Wilson's contract may have for the rest of the Seattle roster:
The end of the saga will be a relief to all associated with Seattle, as the quarterback is the face of the franchise.
Wilson has been one of the best quarterbacks in the NFL since his rookie season in 2012, as his blend of passing and rushing skill makes him difficult to contain. In 2013, he led Seattle to its first Super Bowl, where the team inflicted a 43-8 mauling of the Denver Broncos.
In 2018, the Seahawks made it to the playoffs, only to lose to the Dallas Cowboys in the Wild Card Round. In the regular season, Wilson threw a career-best 35 touchdowns and seven interceptions, and he rushed for 376 yards.