Allen, who is entering his sixth NFL season, has become a controversial figure. He’s been called a bust, a Top 5 NFL quarterback, and a Top 5 draft pick. But on Wednesday, the Buffalo Bills announced a contract extension that will make him one of the highest-paid signal callers in the NFL. The deal includes a guaranteed $40 million figure that could increase to $158 million over six seasons over the next four years.
New York Jets rookie quarterback Josh Allen has made huge strides through the preseason, and looks to have the inside track to starting Week 1. By landing the most lucrative extension for a rookie quarterback in NFL history, Allen is already a big winner.
The Buffalo Bills have had a rough offseason. They traded away the face of their franchise, LeSean McCoy, and will now need to rebuild their offense from scratch. To help them do so, they signed free agent quarterback Josh Allen, who was picked by the Cardinals in the 1st round of the 2018 NFL Draft.. Read more about josh allen and let us know what you think.
In the first round of the 2018 NFL Draft, five teams selected quarterbacks. Sam Darnold, the No. 3 selection by the New York Jets, is on his second team, while Josh Rosen, the No. 10 pick by the Arizona Cardinals, is battling for a spot on his third club. Baker Mayfield (No. 1), Josh Allen (No. 7) of the Buffalo Bills, and Lamar Jackson (No. 30) of the Baltimore Ravens have all had success with the teams who chose them.
These three young quarterbacks are all looking for hefty contract extensions that will take them beyond the 2022 season. The market for the other two signal-callers would be established by the first signal-caller to sign, which occurred on Friday when Allen agreed to a six-year, $258 million contract with Buffalo.
Josh Allen made a name for himself in the year 2020.
Getty Images/Josh Allen | Bryan M. Bennett/Getty Images
Allen attended Wyoming University, which isn’t exactly known for producing NFL players. Rather than what evaluators observed against elite competition, the Bills selected him solely on his physical attributes and potential.
The 25-year-old has rewarded the Bills with consistent improvement year after year. In 2020, he burst out and became a strong contender for NFL MVP. Allen’s progression has been consistent over his first three seasons. Every year, his numbers have improved in crucial areas.
He threw for 2,074 yards in 2018 and 3,089 yards in 2019. He had his greatest season ever in 2020, with 4,544 yards. Across the board, his development looks like this. His touchdowns (10, 20, 37) and completion percentage have also gradually risen (52.8 percent , 58.8 percent , 69.2 percent ).
By bolstering the offensive line, the Bills aided his growth. They signed veterans like Mitch Morse and John Feliciano and drafed players like Cody Ford. They also developed one of the league’s finest receiving corps. Last season, the acquisition of Stefon Diggs, who led the league in catches and receiving yards, was a big boost.
What is the true value of Josh Allen’s contract?
Josh Allen signed a six-year, $258 million contract deal with the Buffalo Bills on Friday, August 6, 2021. However, like with other NFL contracts, the stated figure and the contract’s value are vastly different.
When it comes to NFL contracts, the most essential factor to consider is the guaranteed money, which may be deceptive at times. Here’s how much the Allen deal is worth.
The contract is said to be worth $150 million guaranteed, although this isn’t entirely true. Allen’s contract deal will guarantee him $100 million when he signs it. His signing bonus, 2021 salary and roster bonus, 2022 salary and option bonus, 2023 salary, and 2024 roster bonus are all guaranteed.
Then, if he stays on the Bills’ roster until the fifth day of the league year in ’22, ’23, ’24, or ’25, he’ll earn guaranteed bonuses of $10 million, $13.5 million, $10.5 million, and $16.5 million, respectively. This is where the figure of $150 million comes from.
Allen is certain to get these guaranteed roster bonuses, since dismissing him before any of these seasons would be catastrophic for Buffalo’s salary cap.
According to ESPN, the $150 guaranteed amount is the biggest in NFL history. Patrick Mahomes’ 10-year, $503 million contract deal with the Kansas City Chiefs included a $141.5 million guarantee.
Baker Mayfield and Lamar Jackson will follow, but when will they do so?
Baker Mayfield or Lamar Jackson will be the next domino to fall from the Class of 2018. It’ll be interesting to see who receives his huge new contract first and how it compares to Allen’s.
Before they get to Mayfield’s big contract, the Browns have said that they intend to take care of two other 2018 draft choices, Denzel Ward and Nick Chubb. The former Oklahoma Sooner was drafted ahead of Allen and Jackson, but he lacks the numbers, resume, and team success that these two possess. As a result, it wouldn’t surprise me if his contract was reduced somewhat.
In terms of Jackson, he has led the Ravens to the playoffs in each of his first three seasons and has been named NFL MVP. This puts him in line for a huge contract, perhaps even bigger than Allen’s.
Both Baltimore and Jackson seem to be eager to complete the transaction as quickly as possible. However, there is an interesting aspect to this deal that may distort the timeframe and the amount of money involved. Jackson is acting on his own behalf, with the help of his business manager, who also happens to be his mother.
Mayfield and Jackson will sign new contracts shortly, but when and for how much remains to be seen. Whatever the answers are, they will have an impact on the NFL’s economy in the coming years.
Pro Football Reference provided all data, while spotrac provided contract numbers.
Baker Mayfield is favored by bookmakers to win the NFL MVP award over Josh Allen, Patrick Mahomes, and Tom Brady.
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