Buffalo Bills quarterback Josh Allen agreed to a six-year extension through the 2028 season on Friday.
The team did not release financial details, but ESPN reported it was worth $258 million — $43 million per season — and includes $150 million guaranteed.
“I’m just in such a good space because of the environment that I’ve been surrounded by,” Allen said. “It’s a really cool feeling to be here in Buffalo and be surrounded by the right organization, the right players, the right teammates and I love coming into work every day.”
Allen, 25, is coming off a breakout season in 2020 in which he made the Pro Bowl, guided the Bills to their first AFC East title since 1995 and broke single-season team records for passing yards (4,544) and touchdown passes (37).
Buffalo lost to the Kansas City Chiefs 38-24 in the AFC Championship Game.
Allen also broke the franchise records for completions (396), completion rate (69.2 percent), 300-yard games (eight) and total touchdowns (46) in 2020 and finished runner-up to Green Bay Packers quarterback Aaron Rodgers for the league’s Most Valuable Player award.
“He’s been everything that we thought and then some,” Bills general manager Brandon Beane said in a news conference. “It’s an exciting moment for him and for our franchise.”
Allen is 28-15 as a starter and has completed 61.8 percent of his passes for 9,707 yards with 67 touchdowns and 31 interceptions in 44 games (43 starts) since the Bills made him the No. 7 overall pick in the 2018 NFL Draft. He has also rushed for 1,562 yards and 25 touchdowns.
The $43 million average annual value makes Allen the second-highest-paid quarterback in the NFL, behind Chiefs star Patrick Mahomes ($45 million).
Allen is the first quarterback in the 2018 class to sign a long-term second contract. The Baltimore Ravens’ Lamar Jackson and the Cleveland Browns’ Baker Mayfield are also in line for lucrative deals.
“I’m just thankful that we could get it done and now we can focus on going out there and earning it, and making sure they understand that I know they didn’t pay me for what I’ve done,” Allen said. “They did this because they expect me to continue what I’m doing and expect me to go win this team some championships.”