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Bills Josh Allen Agree To Extension With Record 250m Guaranteed

Bonisiwe Shabane
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bills josh allen agree to extension with record 250m guaranteed

BUFFALO, N.Y. -- The Bills have rewarded NFL MVP Josh Allen with a record-setting six-year, $330 million contract through the 2030 season that includes $250 million guaranteed, sources told ESPN's Adam Schefter on Sunday. It's the largest guaranteed total given to an NFL player, surpassing the previous mark of Cleveland Browns quarterback Deshaun Watson, who received $230 million guaranteed. Allen, who was previously signed through 2028, will be 34 years old when the final year of this extension begins. The extension takes Allen from the 14th-highest average annual value among quarterbacks ($43 million) to tied for second ($55 million). Only Dallas Cowboys quarterback Dak Prescott has a contract with a higher average annual value ($60 million).

Bills quarterback Josh Allen is getting an NFL-record $250 million in guaranteed money as part of his new six-year, $330 contract. "I love Josh and so proud of what he's done, and so, I could be here all day talking about how great he is and what he's done for our team and where he... "He and I have a great relationship. We talk a lot. When the dust settles, before we're ever really talking to his agent or his agents calling me, like, Josh and I will have those conversations [about a potential extension], holistically about the team, things... And I'm not saying it will happen, I'm not saying it won't happen.

... There'll be a time and place, and not saying we will, but not ruling it out either." Josh Allen is the latest player to cash in on the record spending across the NFL. The reigning MVP and the Buffalo Bills have agreed to a contract extension, the team announced Sunday. It's a six-year, $330 million deal with $250 million guaranteed, ESPN reported. The guaranteed money sets a new record for the most guaranteed money on a contract in NFL history.

Allen's record deal will also place him among the highest-paid quarterbacks on an annual basis. [Related: The Bills get ahead of the next wave of QB raises] The $55 million average annual value on Allen's contract is tied for the second-highest among all players in the league, trailing only Dallas Cowboys quarterback Dak Prescott ($60 million). Cincinnati Bengals quarterback Joe Burrow, Green Bay Packers quarterback Jordan Love and Jacksonville Jaguars quarterback Trevor Lawrence are the other players who are making $55 million per year. ORCHARD PARK, N.Y. — NFL MVP Josh Allen was rewarded Sunday with a contract extension worth $330 million, including an NFL record $250 million of it guaranteed, which makes him among the league’s highest-paid players.

The Buffalo Bills announced the agreement, while two people with knowledge of the deal revealed the contract’s value to The Associated Press. The people spoke to the AP on the condition of anonymity because the Bills did not release that figure, which was first reported by ESPN.com. The new deal adds two years to Allen’s contract and locks the 28-year-old in through the 2030 season. Cleveland quarterback DeShaun Watson’s five-year contract signed in 2022 set the previous record in featuring $230 million in guarantees, per Spotrac.com. The total value of Allen’s new contract ranks second behind Kansas City’s Patrick Mahomes, who signed a 10-year, $450 million in 2020. Meanwhile, Dallas quarterback Dak Prescott tops the NFL list in averaging $60 million per season after signing a four-year, $240 million contract extension last summer.

Last August, Josh Allen exuded confidence when asked about his contract after so many other top-tier quarterbacks had surpassed his salary. Allen said then that his time would inevitably come when it came to getting a new contract extension, and that's exactly what happened on Sunday after he and the Bills came to terms on... Allen and the Bills agreed to a six-year extension that will keep the superstar in Buffalo through the 2030 season, the team announced Sunday. Allen is receiving a $330 million contract that includes a record $250 million guaranteed, according to ESPN. The deal makes Allen the league's highest-paid player. While Allen still had four years and about $140 million left on his current contract, the Bills clearly thought that this was the time to reward the reigning league MVP.

Allen, 28, won his first league MVP after leading the Bills to a 13-4 regular season record and a fifth consecutive AFC East title. Allen then led Buffalo to playoff wins over the Broncos and Ravens before the Bills fell to the Chiefs in the AFC Championship game. A three-time Pro Bowler, Allen is the only quarterback in NFL history with multiple seasons with at least 25 touchdown passes and 12 touchdown runs. Last year, he broke Hall of Fame running back Thurman Thomas' franchise record for career touchdown runs. His 195 career touchdown passes is second in franchise history behind Hall of Fame quarterback Jim Kelly. The Buffalo Bills and NFL MVP quarterback Josh Allen agreed Sunday on a record-breaking contract extension that includes $250 million guaranteed, according to Ian Rapoport of NFL Network.

The six-year extension has a total value of $330 million. The Bills announced the extension -- which will keep Allen in Buffalo through the 2030 season -- on Sunday. Allen's previous contract was a six-year, $258 million extension signed in 2021. Allen was the NFL's MVP in 2024. He threw 28 touchdown passes and only six interceptions and rushed for 12 touchdowns while leading the Bills to a 13-4 record. With Allen, the Bills have made the playoffs during each of the last six seasons and have won the AFC East five straight seasons.

The Bills advanced to the AFC Championship Game but lost to the Kansas City Chiefs. Josh Allen narrowly won his 1st NFL MVP over Lamar Jackson, and Colin Cowherd says it was ‘about time’ Josh Allen was recognized and that he has ‘no problem’ with Allen winning the award. The Buffalo Bills are rewarding Josh Allen for his MVP 2024 season by making him the highest-paid quarterback in the NFL. The Bills and Allen agreed to a six-year extension, which the team announced on Sunday. The deal keeps him in Buffalo through the 2030 season as its franchise quarterback. ESPN reports the deal is worth a $330 million extension, which includes $250 million fully guaranteed, making it the largest guarantee ever given to an NFL player in history.

CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM Buffalo Bills quarterback Josh Allen looks to pass during the second half of the AFC Championship NFL football game against the Kansas City Chiefs, Monday, Jan. 27, 2025, in Kansas City, Mo. (AP Photo/Charlie Riedel, File) ORCHARD PARK, N.Y. (AP) — NFL MVP Josh Allen was rewarded Sunday with a contract extension worth $330 million, including an NFL record $250 million of it guaranteed, which makes him among the league’s highest-paid players.

The Buffalo Bills announced the agreement, while two people with knowledge of the deal revealed the contract’s value to The Associated Press. The people spoke to the AP on the condition of anonymity because the Bills did not release that figure, which was first reported by ESPN.com. The new deal adds two years to Allen’s contract and locks the 28-year-old in through the 2030 season. Cleveland quarterback DeShaun Watson’s five-year contract signed in 2022 set the previous record in featuring $230 million in guarantees, per Spotrac.com. The total value of Allen’s new contract ranks second behind Kansas City’s Patrick Mahomes, who signed a 10-year, $450 million in 2020. The Buffalo Bills paid their quarterback on Sunday afternoon.

The Bills agreed to a six-year, $330 million extension with Josh Allen on Sunday, the team announced. According to multiple media reports, the deal includes $250 million guaranteed, which is the largest guarantee ever given to an NFL player. Allen had four years left on his current deal. He will now be with the team through the 2030 season. Allen, who will carry an average annual value of $55 million per season, is now among the highest-paid quarterbacks in the league. Only Dallas Cowboys quarterback Dak Prescott, with an AAV of $60 million per season, averages more.

Cleveland Browns quarterback Deshaun Watson had the previous guaranteed record with his $230 million deal. Only Kansas City Chiefs quarterback Patrick Mahomes has a deal worth more with his $450 million contract. The Buffalo Bills and quarterback Josh Allen reportedly have reached an agreement on a new record-setting six-year, $330 million contract, according to Adam Schefter of ESPN. The deal includes $250 million guaranteed, which is the largest ever given to an NFL player. Allen had four years left on his prior contract, but he and the Bills still worked out a new historic deal. Allen has been one of the best quarterbacks in the NFL for years, helping the Bills make deep playoff runs.

They have not gotten over the hump to make a Super Bowl yet, but have been close on multiple occasions. This past season was perhaps the closest the Bills have gotten, as they had the ball with a chance to score and beat the Kansas City Chiefs in the AFC Championship Game. Ultimately, Kansas City got a stop to beat Buffalo in the playoffs once again. It has been an active weekend of transactions in the NFL, with the Las Vegas Raiders' trade for Geno Smith with the Seattle Seahawks and Myles Garrett's historic extension with the Cleveland Browns headlining... Allen's deal is a reminder of the value that quarterbacks have to teams, as he will be locked in with the Bills for a long time. Allen's deal comes out to $55 million from an average annual value standpoint, which is in the same range as many other top quarterbacks who have signed extensions recently.

Allen, however, is simply a better quarterback than others who have signed at that type of number. Dak Prescott has the highest AAV for a quarterback at $60 million. The guaranteed money was seemingly the key benchmark to get this deal done.

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