The Buffalo Bills surprised the NFL world by announcing they signed quarterback Josh Allen to a new record-breaking contract on March 9.
Allen, who signed a six-year, $258 million deal in 2021, still had four years left on his current deal. The 28-year-old was also in no rush for a pay raise.
"Everyone’s going to have their day," he told reporters. "I’m happy that everyone’s getting what they’re worth, right? And I think that as the game progresses and guys keep getting paid, the market is the market. I’ve got no problem with where I’m at right now. I had my day a couple years ago, and I’m sure someday I’ll have it again.”
However, after recording 4,269 total yards, 41 total touchdowns and the fewest turnovers of his career (8) in 2024, the Bills front office decided that day was today.
The Bills announced Allen's new deal secured their No. 7 overall pick from the 2018 NFL draft in Buffalo through 2030. While the team did not reveal the vale of the new deal, Allen agreed to a six-year, $330 million contract that includes $250 million guaranteed , the largest guarantee ever given to an NFL player, per ESPN's Adam Schefter.
Shortly after the big announcement on Sunday, the Bills sent a simple message on social media.
"MVP! MVP! MVP!," the Bills posted.
Allen, the reigning Most Valuable Player, ultimately deserved a raise and he's worth every penny. Allen is a hero in Western New York and the love is mutual. The Bills all-time leader in touchdowns (262) has said multiple times that he wants to play out his entire career in Buffalo.
Financially speaking, with the exponential inflation rate of the quarterback market, getting a deal done now rather than later makes sense in more ways than one. Spotrac.com posted, "Allen's contract terms are massive, but his $55M APY represents 19.7% of the current league salary cap. That ranks 13th among QB deals."
