Josh Allen contract details: Salary, years left with the Bills...

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 look at what that contract looks like for the Bills’ star, with the 2023-24 NFL wild-card round game against the Steelers knocking on the door tonight.

Bills’ Josh Allen could see his future net worth increase significantly

Though his current net worth is approximately $14 million, the six-year contract extension that Josh Allen signed back in 2021, worth $258 million, could see that number rise by a lot in the coming years. The Buffalo Bills drafted the 27-year-old as the seventh overall pick in 2018. Interestingly, the Bills traded up from 12th with the Tampa Bay Buccaneers to land Allen. 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 East titles with Allen at the helm. That means that with the extension mentioned above, Allen’s annual salary could reportedly increase to as much as $43 million by the end of its duration. It’s worth noting that when he signed the extension, he was in the fourth year of his rookie deal, which 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, we can confirm 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 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.

How Allen’s extension is structured allows for rolling guarantees, ensuring that he will receive the total $150 million mentioned before. To be clear, Allen’s extension begins in 2023, which is to say he now officially has six years left on his contract with the Buffalo Bills. This 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 or release him. What’s clear at this point is that the Bills have great 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: