Bills' Allen signs new 6-year deal reportedly worth $330M
The Buffalo Bills have reached an agreement with Josh Allen that keeps the quarterback under contract through 2030, the team announced Sunday.
The deal is worth $330 million with an NFL-record $250 million guaranteed, sources told ESPN's Adam Schefter.
Allen's new $55-million average salary is tied for the second-highest league-wide, trailing only Dallas Cowboys quarterback Dak Prescott's $60-million price tag, according to Spotrac.
He had previously signed a six-year, $258-million extension with the Bills in 2021.
Allen had four years and $130 million left on his existing contract, while the new deal adds two years and $200 million, per NFL Network's Tom Pelissero.
The 28-year-old just completed his seventh season in Buffalo, leading the Bills to the AFC East crown for the fifth straight campaign. He won NFL MVP for the first time in his career in 2024 while also being selected to his third career Pro Bowl.
Buffalo made it to the AFC Championship Game this past season, losing to the Kansas City Chiefs in the playoffs for the fourth time in five years.
The Bills have only missed the postseason once since drafting Allen seventh overall in 2018, his rookie campaign.