Here's What Josh Allen's Contract Extension Could Look Like

New England Patriots v Buffalo Bills
New England Patriots v Buffalo Bills / Brett Carlsen/Getty Images

The Buffalo Bills have locked up most of their starting offensive line with contract extensions. Now their franchise QB Josh Allen is going to break the bank.

Allen's rookie four-year contract ends after the 2021 season. Spotrac just published a projection of Josh Allen's contract extension, and used a baseline comparison of QB Deshaun Watson, who is dealing with off field issues after signing a four-year, $156 million extension with the Houston Texans last September. That included a $73 million guarantee at signing with $110 million practically guaranteed over four years.

Allen's projected deal would offer $26 million in year 1, $47 million through year 2, and over $80 million through three years. The $168 million in total value new money would rank second behind QB Patrick Mahomes, and the $42 million average salary would also be second behind Mahomes.

Projeccted salary cap hits for the Bills would be - 2021: $9.3M, 2022: $26M, 2023: $38M, 2024: $43.1M, 2025: $43.1M, 2026: $38.1M.

With TV money now certain to affect the league financials in 2023 and beyond, Allen and his agent would be wise to negotiate an extension soon that locks in 3 years, and then gives him a chance to renegotiate thereafter.

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