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Josh Allen is going to be getting a serious pay raise.
The Bills’ starting quarterback is set to make $3.5 million in 2021 and another $23 million in 2022. But on Friday, it was announced that he had signed an extension with the Bills that will keep him in Buffalo through the 2028 season and pay him an average of $43 million per year, ESPN’s Adam Schefter reported.
Josh Allen’s new deal now will average $43 million a year.
QBs next up for new deals – Lamar Jackson, Baker Mayfield – have to be quite happy. https://t.co/k3cU3H3e9C
— Adam Schefter (@AdamSchefter) August 6, 2021
Allen enjoyed a breakout campaign in 2020 where he led the Bills to the postseason and a 13-3 record. He completed 396 of 572 passes with 4,544 passing yards, 37 touchdowns and just 10 interceptions. He also made an impact with his legs, scoring eight touchdowns on the ground with 421 rushing yards on 102 carries. After the Bills won the AFC East, they picked up wins in the wild card round and divisional playoffs before falling to the Chiefs in the AFC Championship Game.
Here’s all you need to know about Allen’s contract.
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Josh Allen contract details
Allen could earn up to $258 million over the length of the six-year extension, which officially comes into effect in 2023.
This post will be updated.
Josh Allen guaranteed money
A considerable portion of Allen’s contract extension is guaranteed for the star quarterback. He will receive $150 million guaranteed out of his $258 million deal, which Spotrac reported is the most all-time by about $9 million. In addition, the deal will make Allen the second-highest paid player by average in the history of the sport, trailing just Patrick Mahomes.
Of that $150 million, $100 million is guaranteed at signing, according to Spotrac.
Josh Allen’s 6 year $258M extension w/ the #Bills makes him the 2nd highest average paid player in #NFL history.
His reported $150M guaranteed is the most all-time by nearly $9M.
It’s the largest #Bills contract by $161M (Dareus, $96.5M).
— Spotrac (@spotrac) August 6, 2021
This post will be updated.