Josh Allen has been a dominant playmaker in the NFL for years now, turning the Buffalo Bills into a perennial contender. Now, the 2024 NFL MVP just signed a record-breaking contract that includes the most guaranteed money in league history.
Given his massive payday, let’s break down Allen’s salary, contract, and net worth.
Josh Allen’s Contract and Salary
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. Allen developed into a superstar and an MVP, proving he was worth every penny.
However, the QB market has exploded in recent years, so Allen didn’t rank among the top 10 highest-paid quarterbacks in the NFL even after signing the lucrative extension. During the 2025 offseason, the Bills fixed that.
On March 9, 2025, Buffalo made Allen the second-highest-paid quarterback in the NFL in terms of average annual value with a six-year, $330 million extension. With $250 million guaranteed, Allen’s deal set the NFL record for guarantees.
Allen had four years and about $130 million left on his contract, and the new deal adds two years and $200 million.
Allen went from making $43 million per year to $55 per year in terms of AAV, falling short of Dallas Cowboys QB Dak Prescott ($60 million AAV) but putting the reigning NFL MVP in a four-way tie for the distinction of second-highest-paid QB.
Allen will now stay in Buffalo into the next decade, and he’s making the same as Cincinnati Bengals QB Joe Burrow, Green Bay Packers QB Jordan Love, and Jacksonville Jaguars QB Trevor Lawrence, albeit with significantly more guaranteed money.
Prior to signing this contract, Allen was the 14th-highest-paid QB in the league. Last season, his $43 million AAV was less than Atlanta Falcons QB Kirk Cousins ($45 million) and Cleveland Browns QB Deshaun Watson ($46 million), among others.
Allen’s Net Worth and Career Earnings
While Allen’s exact net worth isn’t confirmed, it’s estimated to be around $70 million.
After Buffalo selected him at No. 7 overall in the 2018 NFL Draft, Allen has amassed $174,576,199 in earnings from his NFL 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 former 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.
Allen has emerged as arguably the NFL’s best quarterback and one of the league’s faces, so it’s fitting that he signed a historic deal.
Bills vs. Ravens: Week 1, Preview and Prediction
We all know the headline for this one. Jackson and Allen are the last two MVP winners and two of the most entertaining quarterbacks ever to play the game. They lead two of the best teams in the league that have yet to get over the Super Bowl hump.
This might be the most entertaining regular-season matchup possible in today’s NFL, and the league gave the fans a gift by making this the Week One Sunday Night game. But as otherworldly as the two starting quarterbacks are, recent matchups between the two teams have come down to the other players.
In last year’s 35-10 Ravens Sunday Night demolition of Buffalo, Lamar Jackson played as much of a supporting role as a quarterback who averaged 0.39 EPA/Play while accounting for three total touchdowns. Derrick Henry started off the game with an 87-yard touchdown run on the first play and finished with 199 yards rushing.
As a team, Baltimore ran the ball 34 times for 271 yards, while Lamar Jackson threw the ball just 19 times. The Bills had similar difficulties stopping the Ravens in the playoffs, relying largely on turnovers and self-inflicted Ravens wounds to win.
Defense was a bigger issue for the Bills last year, as a unit that had typically been towards the top of the league in the Allen era took a step backwards to being just slightly above average, finishing 12th in EPA/Play. The Bills aggressively worked on improving that side of the ball in the offseason, using their five draft picks on defense while bringing in veterans Tre’Davious White and Joey Bosa to help provide stability.
But first-round cornerback Maxwell Hairston is on the injured reserve, leaving the cornerback room outside of All-Pro Christian Benford a major question mark.
On the other side of the ball, Buffalo relied largely on the running game to move the ball in the playoff win. Ravens Defensive Coordinator Zachary Orr called perhaps his best game of the year in the Week Four matchup, with his simulated pressures and disguised blitzes on passing downs holding Buffalo to just 3-13 on third down. The Bills wanted to stay out of third-and-long, and figured the best way to do so was by taking advantage of their elite offensive line.
The fact that neither quarterback has unveiled their full share of magic tricks in recent matchups makes projecting this matchup difficult, as both are liable to do so at any given moment. In many ways, the Ravens vs Bills matchup is an unfinished product, waiting to reach its highest potential.
With the caveat that either quarterback can put on the Superman cape and win the game themselves, the rest of Baltimore’s roster is better than Buffalo’s. The only matchup where the Bills might have an advantage is their offensive line against the Ravens’ defensive front.
What’s more, the Ravens have the benefit of having more defensive continuity early in the season. While a Josh Allen superhero performance or a Ravens implosion are possible, Baltimore has more paths to winning this game than Buffalo.
Prediction: Ravens 27 – Bills 24