Buffalo Bills Secure Josh Allen with a 6-Year, $258 Million Contract Extension

Introduction

On August 6th, 2021, the Buffalo Bills made a significant announcement regarding their dynamic and gifted quarterback, Josh Allen . They have agreed to a 6-year contract extension valued at nearly $258 million. Before this lucrative deal, Allen was approaching the penultimate year of his rookie contract with the team.

Rookie Contract

Josh Allen's initial contract with the Buffalo Bills was a typical 4-year deal worth $21,443,037, featuring a signing bonus of $13,485,846. This rookie agreement provided a total of $21,443,037 in guaranteed funds, which translated to an average annual salary of $5,360,759 over the duration of the contract. Prior to this extension, Allen was set to enter unrestricted free agency in 2023, but this new agreement alters that timeline significantly.

New Terms of Allen’s Buffalo Bills Contract

Josh Allen's recent contract extension with the Buffalo Bills is a substantial 6-year agreement totaling approximately $285 million. It includes a significant signing bonus of $16,500,000, with $100,038,596 guaranteed upon signing, and an impressive $150 million in total guaranteed funds throughout the life of this contract, ensuring his status as the franchise quarterback until at least the 2029-2030 NFL season.

The contract specifics are outlined as follows: $100 million guaranteed at signing (which includes the signing bonus, salary, roster bonuses, and option bonuses for specified years), with $10 million of the 2024 salary fully guaranteed on the 5th league day of 2022. Additionally, another $13.5 million of the 2024 salary becomes guaranteed on the 5th league day of 2023, plus $10.5 million of the 2025 salary also fully guarantees on the same timing in 2024. 2021 Inclusion of a 2022 option bonus valued at $42.4 million, along with a 2024 roster bonus of $6 million (fully guaranteed by 8/11/2021), and a 2025 roster bonus of $25 million (with $16.5 million guaranteed after the 5th league day of 2023). A 2026 roster bonus of $15 million, a 2027 bonus of $25 million, and a 2028 bonus of $25 million are also stated. The agreement features workout bonuses of $500,000 from 2022 to 2025 and $1 million from 2026 to 2028, plus potential incentives that can add up to $30 million based on performance and team success.

Background on Josh Allen’s Football Journey

The 25-year-old quarterback stands tall at 6 feet 5 inches and weighs 237 pounds. He hails from Firebaugh, California, a small town near Fresno. During his high school years at Firebaugh High School, Allen was a versatile athlete who excelled in multiple sports.

Initially, Allen began his collegiate journey at Reedley College before transferring to the University of Wyoming, where he completed his NCAA college football career playing for the Wyoming Cowboys. After an impressive season in 2017-2018, he pursued his dreams by entering the 2018 NFL Draft. quarterback The Buffalo Bills made a decisive choice by selecting him as the 7th overall pick in the 2018 NFL Draft, marking the start of his promising professional career. Since joining the National Football League , Allen has thrown 67 touchdown passes and 31 interceptions. His completion rate improved to an impressive 61.8%. To date, he has amassed 9,707 passing yards, with a passer rating of 90.4, not to mention his remarkable achievement of gaining 1,562 rushing yards and scoring 25 touchdowns on the ground. Notably, he even caught a pass for a touchdown during his young yet thrilling NFL career.

During the 2020-2021 NFL season, Josh Allen recorded an astonishing 4,544 passing yards and 37 touchdown throws. His completion rate was an impressive 69.2%, although he had 10 interceptions. Throughout that season, he participated in all 16 regular season games and played in three playoff matches for the Buffalo Bills. Buffalo Josh Allen’s Accomplishments in Football

Last year with the Buffalo Bills In his three-year NFL career and his preceding two years at the NCAA level playing for the Wyoming Cowboys, Josh has achieved significant milestones. These include being named to the NFL’s Second-Team All-Pro in 2020, earning a spot in the NFL Pro Bowl that same year, and being awarded the MVP in the Famous Idaho Potato Bowl in 2017. He also made the Second-Team All-Mountain West in 2016.

"I believe the way we designed this agreement allowed both parties to feel satisfied, achieving a fair outcome. Staying here for an additional eight years gives us room to manage certain aspects to retain key players. I’m not focused on where the money is allocated as long as it contributes to our winning. Ultimately, it’s still a significant amount of money—something to be proud of. However, my primary goal is winning; nothing else matters without achieving that,\" stated Josh Allen, the now highly compensated quarterback of the Buffalo Bills.

“Buffalo Bills have inked quarterback Josh Allen to a 6-year extension valued at $258 million, with $150 million guaranteed, according to sources.”

Media Statements

, Marcel Louis – Jacques, espn.com, August 6, 2021.

Sources:

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“Josh Allen” , pro-football-reference.com, August 7, 2021.

“Josh Allen” , spotrac.com, August 7, 2021.

Written by: David Green