Josh Allen contract details: Salary, years left with the Bills...
Though his Buffalo Bills are now out of the playoffs, following a humbling loss at the hands of the Cincinnati Bengals, the signal caller remains one of the best in the league and without doubt one its highest paid players.
As one of the top quarterbacks in the league, it’s only fitting that the Buffalo Bills’ Josh Allen is paid as such. Here, we take a look at what that contract looks like for the Bills’ star, with his season now concluded.
Bills’ Josh Allen worth could increase significantly in future
Though his current net worth is said to be approximately $14 million, the six-year contract extension that he signed in back in 2021 which is worth $258 million could see that number rise by a whole lot in the coming years. The 26-year-old was drafted by the Buffalo Bills as the seventh overall pick in 2018. Interestingly, the Bills actually traded up from 12th with the Tampa Bay Buccaneers to land Allen and so it was that in the summer of 2018, the rookie signed a four-year contract worth a fully guaranteed $21 million, with a $5.3 million annual salary for the duration of the contract.
Of course, quite a bit has happened since then including two consecutive AFC titles with Allen at the helm. What that means, is that with the aforementioned extension, Allen’s annual salary could reportedly increase to as much as $43 million by the end of its duration. It’s worth mentioning, that at the time that he signed the extension, he was in the fourth year of his rookie deal, which in turn allowed the Bills to exercise an option to tie him to the team for a fifth year.
What does Josh Allen’s new contract look like?
Where numbers are concerned, what we can confirm is that Allen’s new contract comes with $100 million fully guaranteed and $150 million guaranteed for the duration of the contract, which in practice will tie him to the franchise until at least 2029. As for terms, there was an initial signing bonus of $16.5 million, however, what’s very interesting is the fact that Allen was reportedly paid an option bonus of $42.5 million in 2022, to go with a further $30 million in incentives. The option bonus itself, was used to split Allen’s signing bonus while maintaining control of his cap hit in 2021.
It should be said, that the way in which Allen’s extension is structured allows for rolling guarantees which in turn ensure that he will receive the full $150 million that was mentioned before. To be clear, Allen’s extension begins in the year 2023, which is to say he now officially has six years left on his contract with the Buffalo Bills. This of course means, that he will be 32-years-old when his contract expires in 2029, barring a situation where the Bills choose to either alter the terms of release him. What’s clear at this point, is that the Bills have a great deal of faith in Josh Allen. Consider for a moment, that his contract was just $5.3 million when he first signed with the team. Today, that figure is significantly higher and is set to continue increasing as the duration of the contract runs its course. Below you can take a look at how the contract breaks down, but do be aware that it includes his rookie contract as well as the 6-year extension: