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NFL MVP Josh Allen was rewarded Sunday with a contract extension worth $330 million, including an NFL record $250 million of it guaranteed, which makes him among the league’s highest-paid players.
The Buffalo Bills announced the agreement, while two people with knowledge of the deal revealed the contract’s value to The Associated Press. The people spoke to the AP on the condition of anonymity because the Bills did not release that figure, which was first reported by ESPN.com.
The new deal adds two years to Allen’s contract and locks the 28-year-old in through the 2030 season.
Cleveland quarterback DeShaun Watson’s five-year contract signed in 2022 set the previous record in featuring $230 million in guarantees, per Spotrac.com. The total value of Allen’s new contract ranks second behind Kansas City’s Patrick Mahomes, who signed a 10-year, $450 million in 2020.
Meanwhile, Dallas quarterback Dak Prescott tops the NFL list in averaging $60 million per season after signing a four-year, $240 million contract extension last summer.
Allen’s new contract follows his seventh NFL season in which he became the Bills third player to earn NFL MVP, and first since running back Thurman Thomas did so in 1991. The new deal eclipses Allen’s previous contract, a six-year $258 million deal he signed with Buffalo in August 2021.
