Bills quarterback Josh Allen has officially secured a groundbreaking extension, marking a significant moment in NFL history.
The Buffalo Bills announced on Sunday that the reigning MVP has signed a six-year contract worth $330 million, with an astonishing $250 million guaranteed, according to ESPN. This deal sets a new benchmark for guaranteed money in NFL contracts.
With this record-setting agreement, Allen joins the ranks of the highest-paid quarterbacks in the league.
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His average annual salary of $55 million ties him for the second-highest in the league, just behind Dak Prescott of the Dallas Cowboys, who earns $60 million. Other notable quarterbacks, including Joe Burrow of the Cincinnati Bengals, Jordan Love of the Green Bay Packers, and Trevor Lawrence of the Jacksonville Jaguars, also share this annual figure.
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Before this extension, Allen had four years left on a previous six-year, $258 million contract signed prior to the 2021 season. Although that deal positioned him as one of the top quarterbacks at the time, his $43 million average salary ranked him 14th among his peers.
The new contract replaces his old one, extending his time with the Bills through the 2030 season.
At just 28 years old, Allen has been instrumental in revitalizing the Bills franchise, leading them to their most successful era since the early 1990s when they made four consecutive Super Bowl appearances. Under his leadership, the team has claimed five straight AFC East titles and has reached the playoffs for six consecutive seasons, winning at least one playoff game in each of the last five years.
Last season marked a career high for Allen, who threw for 3,731 yards, recorded 28 touchdowns, and only six interceptions, along with 531 rushing yards and 12 rushing touchdowns.
In the postseason, Allen led the Bills to victory over the Ravens in the divisional round, but they faced a tough loss against Patrick Mahomes and the Kansas City Chiefs in the AFC Championship Game. The 32-29 defeat was the closest the Bills have come to a Super Bowl appearance since their glory days in the early ’90s.
Looking ahead, the Bills aim to strengthen their roster in pursuit of a championship by 2025. Alongside Allen, they have also extended contracts for wide receiver Khalil Shakir, defensive end Greg Rousseau, and linebacker Terrel Bernard during this offseason.
