The new deal surpasses the previous record held by Cleveland Browns quarterback Deshaun Watson, who had received $230 million guaranteed. Allen, now under contract through the 2030 season, will be 34 when the final year of the extension begins.

Allen’s contract significantly elevates his financial standing in the league. Previously ranked 14th among quarterbacks in average annual salary at $43 million, his new deal ties him for second place at $55 million per year—trailing only Dak Prescott of the Dallas Cowboys, who leads at $60 million annually.

Bills general manager Brandon Beane hinted at an extension following the 2024 season, acknowledging Allen’s immense value to the franchise.

“I love Josh and I’m so proud of what he’s done,” Beane said. “He and I have a great relationship. We talk a lot about the team, and when the time is right, those conversations [about an extension] happen naturally.”

Allen’s historic extension comes after a stellar 2024 season in which he became the first player in NFL history to throw at least 25 touchdown passes, rush for 10 touchdowns, and throw fewer than 10 interceptions in a season. His final stat line:

• 28 passing touchdowns
• 12 rushing touchdowns
• 6 interceptions

Since entering the league in 2018, Allen has accounted for 260 total touchdowns—29 more than Patrick Mahomes over the same span. His 65 career rushing touchdowns also set an NFL record for quarterbacks, surpassing Jalen Hurts.

A key focus for Allen in 2024 was reducing turnovers, and he delivered with just eight total giveaways, his lowest mark in a season. His efficiency helped Buffalo claim its fifth straight AFC East title, solidifying the Bills as perennial contenders.

Beyond his play on the field, Allen’s leadership was instrumental in guiding the team through an offseason of transition, earning him a captaincy role.

“Josh Allen’s leadership, his consistent leadership, was the biggest reason for our success,” Bills head coach Sean McDermott said. “He’s doing it year after year, and that’s not easy.”

Allen became the third Bills player in history to win the NFL MVP award, joining Thurman Thomas (1991) and O.J. Simpson (1973).

Despite his regular-season dominance, Allen is still searching for his first Super Bowl appearance. He has reached the AFC Championship Game twice but remains winless (0-4) against Patrick Mahomes and the Kansas City Chiefs in the postseason.

With offensive coordinator Joe Brady returning for his second full season in the role, Allen will have continuity heading into 2025 as the Bills look to finally break through on the league’s biggest stage.

“We’re going to continue to turn over every stone, do whatever we can, and try to bring a Lombardi Trophy to Western New York,” Allen vowed.

Allen’s extension is the latest in a series of major contracts for Buffalo’s key players:

• DE Greg Rousseau: 4-year, $80 million deal
• LB Terrel Bernard: 4-year, $50 million deal
• WR Khalil Shakir: 4-year, $53 million extension

Allen’s dominance has redefined the Bills' franchise, and with his long-term future secured, Buffalo remains in championship contention for years to come.