The Buffalo Bills announced on Sunday that they have successfully finalized a new deal with star quarterback Josh Allen, ensuring his presence in Buffalo through the 2030 season. A reliable source confirmed to The Athletic that this new contract is a six-year extension valued at an impressive $330 million, which includes a staggering $250 million in guaranteed money. This deal not only reflects the team's commitment to Allen but also sets a new benchmark in the league for guaranteed contracts.
At just 28 years old, Allen has already established himself as a three-time Pro Bowler and had an MVP-worthy season in 2024. He showcased exceptional skills, completing 63.6 percent of his passes, totaling 3,731 yards, and throwing 28 touchdown passes with only six interceptions. Additionally, he proved to be a dual-threat quarterback, adding 531 rushing yards and 12 rushing touchdowns to his impressive stats. Under Allen's guidance, the Bills made a significant playoff run, reaching the AFC Championship Game but narrowly losing to the Kansas City Chiefs with a score of 32-29.
The negotiation for Allen’s contract extension was always anticipated; it was merely a question of timing. Previously, Allen's contract averaged $43 million per year, placing him 14th among NFL quarterbacks. Given his status as one of the league's elite players, the Bills have consistently prioritized keeping him satisfied, whether through strategic player acquisitions or contract negotiations. General Manager Brandon Beane has been proactive in ensuring that his quarterback remains a top priority.
This latest extension places Allen among the highest earners in the league, tying him for second in annual salary at $55 million per year, while significantly surpassing the previous record for guaranteed money. Following an outstanding season, where Allen demonstrated his ability to minimize turnovers and excel against various defensive strategies, the Bills recognize that they are capitalizing on the prime years of his career. With aspirations to maximize their championship window, they are focused on surrounding Allen with a strong supporting cast.
Josh Allen's new contract will extend through the 2030 season, coinciding with his age-34 campaign. Although Allen had a projected cap hit of $44.73 million in 2025, it is anticipated that the team strategically negotiated to create cap space for the upcoming season. While a portion of this cap hit, totaling $28.73 million, is tied to prorated bonuses from his previous deal and cannot be adjusted, there is potential for significant cap savings, possibly exceeding $10 million. This strategic move is especially beneficial as more quarterbacks prepare to enter lucrative contracts with the new league year approaching.
In conclusion, securing Josh Allen with this record-breaking contract extension not only solidifies the Bills' future but also demonstrates their commitment to winning in the coming years. As the franchise looks to build around their talented quarterback, fans can expect exciting developments in the upcoming seasons.
