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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