Josh Allen contract extension: Details of new deal with the Buffalo Bills

Josh Allen and the Buffalo Bills reached an agreement on a six-year contract extension, with Allen signing Friday. NBC Sports released full details of the contract based on information from a direct source.

The extension has a base value of $258 million ($43 million per year) and a maximum value of $288 million ($48 million per year). The full details are as follows:

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.

Even more bonuses

Josh Allen’s contract extension 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. There are incentives if he leads the Bills to the AFC Championship, Super Bowl and win the MVP award. Altogether, they could total an additional $30 million.

Allen was guaranteed $100 million at signing, which is the most in NFL history. The guarantee increases each year of his contract, reaching a whopping $239 million by 2026. His total injury guarantee of $150 million is also the highest the league has ever seen.

What it all means

Basically, Josh Allen just became extremely rich. The contract extension ensures he remains a Bill for the foreseeable future after leading them to the AFC Championship in 2020. He tossed for 4,544 yards and 37 touchdowns to just 10 interceptions on his way to his first Pro Bowl. He added eight touchdowns and 421 yards on the ground.

One of the brightest young stars in the league, it was only a matter of time before Allen was rewarded for his efforts.

Photo courtesy of Bryan Bennett/Getty Images.