Report: Josh Allen, Bills Agree to Record $330M Contract, Becomes Highest-Paid QB
The Buffalo Bills and superstar quarterback Josh Allen agreed to a new record-setting six-year, $330 million contract that includes $250 million guaranteed, according to ESPN's Adam Schefter.
The reigning NFL MVP is now the league's highest-paid quarterback and the new deal is the largest guarantee ever given to an NFL player.
The Bills confirmed the news on social media:
In 2021, Allen signed a six-year, $258 million extension before his rookie contract expired, and at the time, it made him one of the highest-paid quarterbacks in the league.
However, as more quarterbacks signed new deals, Allen was bumped down the list. By the end of the 2024 campaign, Allen was only 14th among quarterbacks with an average annual value of just over $43 million.
That salary was clearly disproportionate to Allen's actual value, as several far less accomplished quarterbacks made more than him, including Dak Prescott, Jordan Love, Trevor Lawrence, Tua Tagovailoa, Justin Herbert, Kyler Murray, Kirk Cousins and Deshaun Watson.
The 28-year-old Allen has put up huge numbers through his first seven NFL seasons, completing 63.3 percent of his passes for 26,434 yards, 195 touchdowns and 84 interceptions, while also rushing for 4,142 yards and 65 scores.
Turnovers have always been the biggest knock against Allen, but he toned them down considerably in 2024, throwing a career-low six interceptions.
Allen's passing volume numbers were down a bit, as his 3,731 yards and 28 touchdowns were his lowest totals since 2020, but he still managed to rack up 41 total touchdowns, becoming the first player in NFL history to score 40 or more in five consecutive seasons.
Additionally, the three-time Pro Bowler has led the Bills to five straight AFC East titles and six straight playoff appearances.
None of those playoff runs have resulted in a Super Bowl berth, though, as Patrick Mahomes and the Kansas City Chiefs have eliminated the Bills four times, including last season when they outlasted Buffalo 32-29 in the AFC Championship Game.
Despite the Bills' inability to get past the Chiefs, Allen has been one of the best individual performers in playoff history.
In 13 career playoff games, Allen has completed 65.7 percent of his passing attempts for 3,359 yards, 25 touchdowns and four interceptions, plus he has rushed for 668 yards and seven touchdowns.
All signs point toward Allen being the right guy to get the Bills over the hump by winning their first Super Bowl in franchise history, and the new contract suggests the organization feels that way as well.
