Josh Allen has been a dominant playmaker in the NFL for years now, leading the Buffalo Bills to five consecutive playoff appearances. However, it took him a couple of seasons to start producing at the level Bills and NFL fans have become accustomed to since breaking out during the 2020 season.
With his current contract extending through the 2028 season, let’s dive into the details of Allen’s 2024 salary, contract specifics, and overall net worth.
Josh Allen’s 2024 Contract Restructure
After showing a massive improvement in 2020, the Bills took a chance on Allen, assuming the increased production would continue. In 2021, the former Wyoming quarterback signed a landmark six-year, $258 million contract extension with the Bills, which included a $16 million signing bonus.
The deal featured $150 million guaranteed for injury and $100 million fully guaranteed at signing, with the opportunity to earn up to $30 million in incentives based on production and performance.
Ahead of the 2024 offseason, Allen and the Bills agreed to restructure his contract to free up $16.7 million in cap space. Allen’s cap hit, which was originally set to be $47 million, was cut to just over $30 million for the 2024 season. Despite these impressive figures, Allen doesn’t rank among the top 10 highest-paid quarterbacks in the NFL.
Allen’s five playoff victories are more than the two shared by Jordan Love, Trevor Lawrence, and Tua Tagovailoa (three of the league’s top five earners).
What Is Allen’s Net Worth and Career Earnings?
While Allen’s exact net worth isn’t confirmed, it’s estimated to be around $14 million.
After Buffalo selected him seventh overall in the 2018 NFL Draft, Allen has amassed approximately $113 million in earnings from his contract alone. His net worth is further bolstered by a range of endorsement deals and investments.
Allen’s endorsement portfolio includes major brands such as Nike, Microsoft, Paramount, Hyundai, and PepsiCo. His deal with PepsiCo even features a new Gatorade commercial, “Hello Coach,” to start the 2024 season, highlighting the signal-caller’s rocky road to the NFL.
Forbes estimates that these endorsements generate an additional $4 million annually for Allen, on top of partnerships with major companies like Gillette, Cash App, Verizon, New Era, Beats by Dre, and Frito-Lay. Notably, Allen was also featured as the cover athlete for the Madden NFL 2024 video game, earning him a pretty payday.
Beyond endorsements, Allen has made significant investments through division-rival Aaron Rodgers’ investment firm, RX3 Growth Partners. His investment interests include companies like Hydrant, TMRW Sports, OnCore Golf, and a fantasy sports publication called FL Newsletter, showcasing his strategic approach to securing financial stability beyond his football career.
Among traditional business endeavors, Allen has also set an ambitious goal of planting 1,000 acres of pistachios on his family’s farm back home in California, which could earn him up to $6.5 million annually, according to Profluence Sports.
As Allen looks to lead the Bills to their sixth consecutive playoff appearance and continue his dominance on the field, his strategic investments ensure he remains well-positioned for continued financial success off the field as well.