Bills' Josh Allen agrees to 6-year extension with record-setting guarantee: reports

Josh Allen narrowly won his 1st NFL MVP over Lamar Jackson, and Colin Cowherd says it was ‘about time’ Josh Allen was recognized and that he has ‘no problem’ with Allen winning the award.

The Buffalo Bills are rewarding Josh Allen for his MVP 2024 season by making him the highest-paid quarterback in the NFL. 

The Bills and Allen agreed to a six-year extension, which the team announced on Sunday. The deal keeps him in Buffalo through the 2030 season as its franchise quarterback. 

ESPN reports the deal is worth a $330 million extension, which includes $250 million fully guaranteed, making it the largest guarantee ever given to an NFL player in history. 

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Buffalo Bills quarterback Josh Allen (17) warms up before the AFC Championship NFL football game against the Kansas City Chiefs, Sunday, Jan. 26, 2025, in Kansas City, Mo. (AP Photo/Reed Hoffmann)

Allen’s extension comes after winning his first MVP Award, as he threw for 3,731 yards with 28 touchdowns to six interceptions, while rushing for 531 yards and 12 scores over 17 games. He became the only NFL player to ever throw for at least 25 touchdowns, rushing for at least 10 touchdowns, and give up fewer than 10 interceptions in a single season.

The Bills went 13-4 in the regular season but ultimately fell to the Kansas City Chiefs again in the AFC Championship Game. 

Allen had four years remaining on his current deal with the Bills, but they nixed that to make sure he was compensated fairly. The six-year extension pays out $55 million per season, tying him with Cincinnati Bengals’ Joe Burrow, Green Bay Packers’ Jordan Love, and Jacksonville Jaguars’ Trevor Lawrence at the same price tag. 

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