The Buffalo Bills rewarded quarterback Josh Allen for his NFL MVP season with a record-setting new contract.
Allen and the Bills agreed to a six-year deal worth $330 million, a person familiar with the contract terms confirmed Sunday night. It contains $250 million in guaranteed money, the most ever in an NFL contract.
The Bills announced the agreement with Allen without specifying the financial terms. The deal means Allen is under contract through the 2030 season, the team said. He had four seasons remaining on his previous contract.
The $55 million average annual value of Allen’s new contract does not surpass the record $60 million average of quarterback Dak Prescott’s four-year, $240 million extension with the Dallas Cowboys struck in September. But the amount of guaranteed money surpasses the $230 million in quarterback Deshaun Watson’s fully guaranteed five-year contract with the Cleveland Browns.
The $55 million average matches the averages of the contract extensions previously signed by quarterbacks Joe Burrow with the Cincinnati Bengals, Trevor Lawrence with the Jacksonville Jaguars and Jordan Love with the Green Bay Packers.
Allen won his first MVP award last month, edging Baltimore Ravens quarterback Lamar Jackson.
That followed a season in which Allen threw 28 touchdown passes and just six interceptions. He also ran for 12 touchdowns and was credited with a touchdown catch. He led the Bills to their fifth straight AFC East title in the season after they traded their top wide receiver, Stefon Diggs, to the Houston Texans. They reached the AFC championship game before losing at Kansas City. It was the fourth time in the past five seasons that the Bills had been eliminated from the postseason by the Chiefs.
Allen, 28, has spent his entire seven-year NFL career with the Bills and is a three-time Pro Bowl selection.
