The Denver Broncos have been busy since they acquired quarterback Zach Wilson in a trade last week to beef up their impending competition for the starting job.

Thursday, they selected Oregon quarterback Bo Nix in the first round of the NFL draft (12th overall), and sources said the Broncos have informed Wilson and his representatives that they will not pick up the fifth-year option in Wilson’s contract. As the No. 2 pick of the 2021 draft by the New York Jets, Wilson’s rookie deal included a fifth-year option for the 2025 season.

The option would have been for a guaranteed $22.408 million. By league rules, the deadline to pick up the fifth-year option for 2021 first-round picks is Thursday, and it puts Wilson in a position to try to make the most of the 2024 season with the Broncos before he hits free agency in March.

The Broncos have already engaged the fifth-year option on cornerback Pat Surtain II‘s contract for $19.8 million.