Josh Allen Inks Lucrative Extension with Buffalo Bills
Six-Year, $258 Million Deal Secures Quarterback as Franchise Cornerstone
Details of the Contract:
Buffalo Bills quarterback Josh Allen has signed a massive six-year extension worth $258 million, including $150 million guaranteed for injury and $100 million fully guaranteed at signing. The contract includes a $16.46 million signing bonus and a $20.875 million restructure bonus in 2024. Allen's average annual salary will be $43 million.
Salary Cap Implications:
Allen's salary cap figure is $18.6 million in 2023, rising to $47 million in 2024 and $56 million in 2025. The Bills will have to manage their salary cap carefully to accommodate Allen's significant contract.
Allen's Impact on the Bills:
Allen has been a key factor in the Bills' recent success, leading the team to consecutive AFC East titles and two playoff appearances. His ability to make plays with his arm and legs makes him one of the most dangerous quarterbacks in the NFL. The Bills are counting on Allen to continue to lead their offense for years to come.
Comparison to Other Top Quarterbacks:
In terms of average salary, Allen ranks just behind Patrick Mahomes ($45 million) and Dak Prescott ($40 million). Mahomes, however, has a much longer contract than Allen, which gives him a significant advantage in total earnings over the life of the deal.
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