Inside the Josh Allen deal

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On Friday, the Bills and quarterback Josh Allen reached agreement on a six-year extension. Now that Allen has officially signed the contract, here’s a look at its terms.

All numbers come from a source with direct knowledge of the contract.

It’s a six-year extension, with a base value of $258 million ($43 million per year) and a maximum value of $288 million ($48 million per year). The specific terms are as follow:

1. 2021 signing bonus: $16.5 million, fully guaranteed at signing.

2. 2021 base salary: $920,000, fully guaranteed at signing.

3. 2021 roster bonus: $2.6 million, fully guaranteed at signing.

4. 2022 option bonus: $42.4 million, fully guaranteed at signing.

5. 2022 base salary: $4.1 million, fully guaranteed at signing.

6. 2023 base salary: $27.5 million, fully guaranteed at signing.

7. 2024 million roster bonus: $6 million, which becomes fully guaranteed five days after signing.

8. 2024 base salary: $23.5 million, $10 million of which becomes fully guaranteed on the fifth day of the 2022 league year and the other $13.5 million of which becomes fully guaranteed on the fifth day of the 2023 league year.

9. 2025 roster bonus: $25 million, $16.5 million of which becomes fully guaranteed on the fifth day of the 2023 league year.

9. 2025 base salary: $14 million, $1.5 million of which is guaranteed at signing. It becomes fully guaranteed on the fifth day of the 2024 league year.

10. 2026 roster bonus: $15 million.

11. 2026 base salary: $22.5 million.

12. 2027 roster bonus: $25 million.

13. 2027 base salary: $14 million.

14. 2028 roster bonus: $25 million.

15. 2028 base salary: $15.55 million.

The deal also includes non-guaranteed workout bonuses of $500,000 in 2022, 2023, 2024, and 2025 and non-guaranteed workout bonuses of $1 million in 2026, 2027, and 2028.

Likewise, the contract has AFC Championship, Super Bowl, and MVP incentives from 2023 through 2028, which cumulatively can add another $30 million to the contract.

The $100 million full guarantee at signing moves to $110 million in 2022, $140 million in 2023, and $162.5 million in 2024, via rolling guarantees that vest money in future years. By 2025, Allen will have had $177.5 million become guaranteed. Through 2026, it becomes $239 million.

The full guarantee at signing is the most in NFL history, surpassing Dak Prescott ($95 million) and Matt Ryan ($94.5 million). The total injury guarantee of $150 million at signing bests Patrick Mahomes ($141.5 million), Prescott ($126 million), and Deshaun Watson ($110.7 million).

Allen’s deal has the first three years fully guaranteed, along with another $6 million in 2024. The three-year new cash flow of $138 million is the most ever, too.

The deal compares very favorably to the Patrick Mahomes contract. In a separate post, we’ll do a side-by-side comparison. For now, it’s safe to say that Allen has gotten a gigantic contract, one that cements his future in Buffalo. Given the structure, chances are that the two sides will revisit the contract in six years.

54 responses to “Inside the Josh Allen deal

  1. 43 mil per?

    They’ll never win squat. Beane panicked and is a moron. lol!!!!

    I’m loving it!

  2. So all of you are ok with this deal but still have a issue with Daks? Hmmm I wonder what the real issue is here against Dak…

  3. Correction: they’ll revisit his contract next year. When cap hell descends on them.

  4. touchback6 says:
    August 6, 2021 at 5:22 pm
    43 mil per?

    They’ll never win squat. Beane panicked and is a moron. lol!!!!

    I’m loving it!
    —————————
    At seasons end when his stat line looks like 5,000 yards passing/45 TDs 10 rushing TDs/71% comp rate and a QB rating of 115 all while hoisting a Lombardi that 43 mil will look like a bargain. And those comparing Dak to Allen? 😂😂😂C’mon Man!

  5. BB is playing 3-dimensional Pokémon while you people play checkers.

    You don’t have to PAY a franchise quarterback when you don’t HAVE a franchise quarterback to pay.

    Amateurs.

  6. Josh Allen is a really good QB. That said, Stefon Diggs was a huge part of his successful year last year. It will be curious to see how he performs if he loses Diggs due to injury or contract situation. It would be in Buffalo’s best interest to keep Diggs. The only drawback to Josh Allen, is I have to question his intelligence by shunning the vaccine. If I’m a GM, I’m not paying any unvaccinated QB big money like the Bills just paid him. Its really common sense, which is becoming more and more uncommon these days, with all the uneducated derelict Right Wing Radicals

  7. billzondarise says:
    August 6, 2021 at 5:33 pm
    touchback6 says:
    August 6, 2021 at 5:22 pm
    43 mil per?

    They’ll never win squat. Beane panicked and is a moron. lol!!!!

    I’m loving it!
    —————————
    At seasons end when his stat line looks like 5,000 yards passing/45 TDs 10 rushing TDs/71% comp rate and a QB rating of 115 all while hoisting a Lombardi that 43 mil will look like a bargain. And those comparing Dak to Allen? 😂😂😂C’mon Man!

    5 2 Rate This

    —————-

    I don’t think you understand basic economics and finance.

    Allen is a good qb, but he is not elite nor is he worth average of 43 mil per 1 year removed from turning the ball over a whopping 19 times.

    Regardless, this means their drafts will need to be Grade A level every year, which is unlikely to happen.

  8. chino62885 says:

    August 6, 2021 at 5:24 pm

    So all of you are ok with this deal but still have a issue with Daks? Hmmm I wonder what the real issue is here against Dak…

    Dak doesn’t win. Garbage time stats don’t mean squat

  9. I think this could mean Baker Mayfield is getting franchise tagged next year unless they win the Super Bowl.I was going to say “make it to the Super Bowl” but a Jimmy Garoppolo game won’t do.

  10. “43 mil per?

    They’ll never win squat. Beane panicked and is a moron. lol!!!!

    I’m loving it!”
    _________________________________

    You’ve been wrong about Allen every step of the way. His 1st couple of years, you said he’d be a complete bust.

    And you’re wrong now. Allen is going to win, a LOT. You can brag about the Pats cap space all you want. Teams don’t win unless they have a franchise QB.

  11. “Correction: they’ll revisit his contract next year. When cap hell descends on them.”

    He’s still on his rookie deal next year.

  12. The Bucs shut down the best QB in the super bowl.

    Pats have their full defense coming back this year.

    Bills won’t make the playoffs

  13. TB6 jealousy is on full display. Again. Buffalo has an elite QB. New England has nobody.

  14. “The Bucs shut down the best QB in the super bowl.

    Pats have their full defense coming back this year.

    Bills won’t make the playoffs”
    ______________________________________

    So much has been made of the Pats “opt outs.” The only biggie was Hightower, and he’s old now.

    No one is worried about the Pats. I’m much more worried about the Dolphins in the division.

  15. chino62885 says:
    August 6, 2021 at 5:24 pm
    So all of you are ok with this deal but still have a issue with Daks? Hmmm I wonder what the real issue is here against Dak…
    ———————————————————————————–
    Dude you nailed it…HATERS can’t see, would take Dak any day over Josh…time will tell.

  16. williamshatnerstoupee says:
    August 6, 2021 at 6:20 pm
    TB6 jealousy is on full display. Again. Buffalo has an elite QB. New England has nobody.

    0 1 Rate This

    ——————-

    Yes, they have “nobody” yet Mac Jones just dusted OSU for a national title. Did Joshy Allen do that?

    Why is it that Burrow has a great senior year, so does Jones, yet Concy has a lock with only Burrow?

    It’s because of jealous idiots like yourself spending the las 15 years of your life being blinded by it.

    Jealousy a delight!

    The Pats are loaded. Loaded. Their drafts and FA moves look to be very good and Jones can be that cherry on top under a rookie deal.

    I am laughing at Wyoming being as good as Bama’a program with Saban.

    Good one, dippy! bawHhaa!

  17. Don’t really care about the salary numbers. I want to know what the cap hit is each year.

  18. “The Pats are loaded”
    ____________________________

    That sounds SO familiar. Oh, yeah – it’s what you said last offseason (and now, it’s all excuses w/ “we had no QB…and the opt outs!”)

  19. TB6 is gettin’ upset! Good luck, kid. New England might edge out the Jets for 3rd place.

  20. “I have to question his intelligence by shunning the vaccine.”
    So this really has been blown out of proportion. He’s NEVER said he wasn’t getting the vaccine. Ever. When asked about it early on, he said he hadn’t really thought about it but then said “So if statistics show it’s the right thing for me to do, I’d do it.” While I’m not thrilled with any response other than “hell yeah, I got it!” that was a far cry from being anti-vax (unlike his moronic WR teammate). Also, while no one knows for certain whether or not he’s been vaccinated, he’s been doing public interviews with media without masks which would be a violation if he were unvaxxed, so I suspect he has been and following McDermott’s nudge to not air this kind of team biz in public.

  21. Allen = elite QB
    Jones = never taken an NFL snap

    Such a tough decision. I gotta think this through.

  22. Wow. Now the Bills wanting a new stadium, paid for 100% by taxpayers, makes perfect sense. Have to overpay the QB.

  23. Dude you nailed it…HATERS can’t see, would take Dak any day over Josh…time will tell.
    ————–

    I’ve already seen Dak and Allen go head to head on Thanksgiving day at Dallas on Primetime tv. You might want to re-watch that game before assuming Dak is the better QB.

  24. And before you say that Mac Jones did that because he had an NFL team around him in college and it’s easy to beat teams that otherwise have college players I say to you phooey! That point means nothing. Also the fact he couldn’t beat out Tua means nothing. BB is a great drafter.

  25. Wow I would have waited until he put up at least two good seasons.

    That is kinda silly plenty of qbs put up only one good year before the leagues defensive minds figure them out. If his game doesn’t continue to get better this contract will be horrible

  26. And Mac Jones won’t reveal his vaccination status! How incredibly selfish and immature. BB didn’t do his homework with that young man.

  27. I know TB6 is just a mega-troll, but man it is the same tired lines every post. Mac Jones doesn’t have elite qualities, he will struggle mightily. Especially with those lousy skill positions. Defense? Better this year, but a tad long in the tooth. Just like BB himself. Going to be hard to keep up with Allen and the boys with noodle armed QB play and 12 tight ends. Looking forward to continuation of last year’s game 2 dominance in Foxboro.

  28. touchback6 says:
    August 6, 2021 at 5:22 pm

    43 mil per?

    They’ll never win squat. Beane panicked and is a moron. lol!!!!

    I’m loving it!

    ————————

    Allen is still on his rookie contract for this year and next year. Yes, the new extension is $43mm per year, but for the next 8 years, his AAV is $36mm per year.

    Go look at overthecap, Allen’s cap hit each year:
    2021: $10.2mm
    2022: $16.38mm
    2023: $39.78mm
    2024: $41.78mm
    2025: $51.28mm
    2026: $46.98mm
    2027: $40.00mm
    2028: $41.55mm

    That works out to $36mm per year over 8 years. On top of that, so much of his contract is roster bonuses. It’s a smart contract.

  29. I’m hoping Jones will end up like Allen, no need to hate fellow Pat’s fans, the kid is a stud. It’s a ton of money but he puts them in a position win a SB, they sucked for 20+ years under subpar quarterbacks

  30. The way the deal is structured is brilliant. His cap hits stay pretty low for the next two years, then take a massive jump in year three (2023), BUT the 2023 season is also when the new TV deal money kicks in, which should lead to a huge cap increase (supposedly in the range of 250-260M). Even those 40M cap numbers are going to be well under 20% of the total cap by the time they start hitting.

    Beane and the cap guys crushed it.

  31. williamshatnerstoupee says:
    August 6, 2021 at 6:52 pm
    And Mac Jones won’t reveal his vaccination status! How incredibly selfish and immature. BB didn’t do his homework with that young man.

    1 4 Rate This

    ——————-

    He is being classy by not openly showing up Newton.

    Jones is vaxxed because he is unmasked while Newton is masked.

    BB for the win!

  32. What’s all this talk about Jones now? Here we were lead to believe Stidham was the guy.

  33. numbers says:
    August 6, 2021 at 6:54 pm
    touchback6 says:
    August 6, 2021 at 5:22 pm

    43 mil per?

    They’ll never win squat. Beane panicked and is a moron. lol!!!!

    I’m loving it!

    ————————

    Allen is still on his rookie contract for this year and next year. Yes, the new extension is $43mm per year, but for the next 8 years, his AAV is $36mm per year.

    Go look at overthecap, Allen’s cap hit each year:
    2021: $10.2mm
    2022: $16.38mm
    2023: $39.78mm
    2024: $41.78mm
    2025: $51.28mm
    2026: $46.98mm
    2027: $40.00mm
    2028: $41.55mm

    That works out to $36mm per year over 8 years. On top of that, so much of his contract is roster bonuses. It’s a smart contract.

    10 3 Rate This

    ——————————

    You’re not getting it. Alllen is not on the same level as Mahomes and Mahomes isn’t worth his own contract.

    Why do you people want a more expensve qb? Paying more than 30 mil per is cap suicide.

  34. Personally I’d make him prove it wasnt a one year abberation given his year 1 and year 2.. but it didn’t turn out well for the cowboys waiting on Dak so it seems like a fair deal. Will look better as cap rises for sure.

    But you know what’s crazy? This deal pays Josh Allen Tom Brady’s career earnings from that one good year.

    Check it out on spotrac. Brady never even made $20m on paper until 2019. (Cash in hand is different when accounting for the signing bonus on a given year )

  35. Go look at overthecap, Allen’s cap hit each year:

    2023: $39.78mm
    2024: $41.78mm
    2025: $51.28mm
    2026: $46.98mm
    2027: $40.00mm
    2028: $41.55mm

    That works out to $36mm per year over 8 years. On top of that, so much of his contract is roster bonuses. It’s a smart contract.///////////////////////////
    years 2023 to 2028 those numbers aren’t good no matter how you tried to skew it with your averages.

  36. “Don’t count your chickens before the eggs have hatched.”

    This is really a $135.95M deal over 4 years. Guaranteed.
    $122.05 over the last 3 years are not guaranteed (including the workout bonuses from 2022 – 2028.)

    Still, a pretty good payday for Josh. It also gives the team an “out” if things don’t work out.

  37. Dak Prescott doesn’t win? Huh? His career record is 42-27 with a horrible defense. Never let facts get in the way of. good story

  38. Hats off to Allen – great kid and he earned this deal. I do, however, wonder how much this will impede the Bills in the future with a large chunk of the cap now unavailable for other positions.

  39. If we avoid another Covid year of lost revenue the salary cap should increase significantly enough to prevent the deal from killing the rest of the roster, but it may still prove to be very challenging for them. I’d really be interested in seeing what possible alternatives the Bills can take in the future on his contract to help free up more cap room when/if needed. Is it structured such that they can convert salary to more bonus money? Or will they be able to swap dollars around and push things further into the future is/as needed? And maybe the biggest question is, what happens if his play diminishes or he has a Bridgewater-type injury that significantly affects his play? How much does it cost the Bills in those types of situations?

    No matter what, I do hope he continues to grow and have success. It’s cool to see a smaller-college player make it big in the NFL and if he continues to grow and improve he might just make the Bills a consistent playoff team for years to come.

  40. And before you say that Mac Jones did that because he had an NFL team around him in college and it’s easy to beat teams that otherwise have college players I say to you phooey! That point means nothing. Also the fact he couldn’t beat out Tua means nothing. BB is a great drafter.

    SHHHH the adults are speaking.

  41. chino62885 says:
    August 6, 2021 at 5:24 pm

    So all of you are ok with this deal but still have a issue with Daks? Hmmm I wonder what the real issue is here against Dak…

    ========

    Well, Allen has a few pluses in his column.

    In two fewer seasons than Dak has been in the league, Allen has won one more playoff game than Dak and got his team to the conference championship this past year. Prescott has only won one playoff game, 3 years ago.

    Prescott’s most successful season was 5 years ago. He hasn’t won more than 10 games since, and hasn’t had a winning record since 2018. Allen has improved in the win column each of his 3 seasons.

    Allen’s record against winning teams has gotten better the last 3 seasons, while Prescott’s has gotten worse. Allen was 4-2 against winning teams last season, while Prescott was 0-3.

    Another thing is that Allen didn’t hold his team over a barrel for 3 offseasons, forcing them to use the franchise tag, as Prescott did to *reduce* the length of his contract, in pursuit of once again holding the team hostage and cashing in again in a few years.

    In short, Allen has achieved more, improved more, done better against winning teams, and been better to work with on his contract.

    And I say all this as a Cowboys fan. Prescott has been diminishing returns and increasing headaches.

  42. So in the world of new qb contracts, if Allen is worth $43m a year where does that put Mayfield and Jackson? Mayfield maybe $20m a year and Jackson $30m?

  43. It will be interesting to see the reaction when Josh reverts back to his lifetime, not career, 50 percent completion rate. My man was 50 percent most of NFL career, college, high school, junior high, pee see.

  44. There is so much prognostication on this post from the nervous patriot fans living in the past. Citing stats from when Allen was in Wyoming. I guess it makes sense from a dying old man laden franchise living in the TB12 past.

  45. Alpha-homer-Buffalo fan here & this deal is good for the Bills in possibly getting offensive players to come play with a top 5 QB & pad their stats for money/new or next contract. It will also help generate money for the team & help Buffalo get that new stadium by Niagara Falls & near Canada. Have to have an elite QB to win a SuperBowl. Unfortunately the Buffalo Bills franchise already had four shots. Most teams are lucky to get one shot. Buffalo will never get that Lombardi. At least not with this REGIME.

  46. Seems like a fairly favorable contract for both sides, The bills window the win now is open and maybe for the next few years, my patriots will probably not be so fortunate. Things can change but for now this looks like the AFC East will run through Buffalo. As a patriots fan I got to give credit where credit is due.

  47. touchback6 says:
    August 6, 2021 at 6:28 pm
    williamshatnerstoupee says:
    August 6, 2021 at 6:20 pm
    TB6 jealousy is on full display. Again. Buffalo has an elite QB. New England has nobody.

    0 1 Rate This

    ——————-

    Yes, they have “nobody” yet Mac Jones just dusted OSU for a national title. Did Joshy Allen do that?

    Why is it that Burrow has a great senior year, so does Jones, yet Concy has a lock with only Burrow?

    It’s because of jealous idiots like yourself spending the las 15 years of your life being blinded by it.

    Jealousy a delight!

    The Pats are loaded. Loaded. Their drafts and FA moves look to be very good and Jones can be that cherry on top under a rookie deal.

    I am laughing at Wyoming being as good as Bama’a program with Saban.

    Good one, dippy! bawHhaa!

    ———

    Wait….what happened to Stidham? Are you done with him now? Last year you assured us he IS the future.

  48. touchback6 says:
    August 6, 2021 at 5:22 pm
    43 mil per?

    They’ll never win squat. Beane panicked and is a moron. lol!!!!

    I’m loving it!
    —————————

    What do you want them to do, let him walk? Franchise QBs do not grow on trees. Somebody is going to pay him. You let him walk you end up with 20 more years of JP Losman.

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