08-07-2021, 04:08 AM
You want numbers, here they are:
Inside the Josh Allen deal (msn.com)
Inside the Josh Allen deal
© Provided by NBC SportsOn Friday, the Bills and quarterback Josh Allen reached agreement on a six-year extension. Now that Allen has officially signed the contract, here’s a look at its terms.
All numbers come from a source with direct knowledge of the contract.
It’s a six-year extension, with a base value of $258 million ($43 million per year) and a maximum value of $288 million ($48 million per year). The specific terms are as follow:
1. 2021 signing bonus: $16.5 million, fully guaranteed at signing.
2. 2021 base salary: $920,000, fully guaranteed at signing.
3. 2021 roster bonus: $2.6 million, fully guaranteed at signing.
4. 2022 option bonus: $42.4 million, fully guaranteed at signing.
5. 2022 base salary: $4.1 million, fully guaranteed at signing.
6. 2023 base salary: $27.5 million, fully guaranteed at signing.
7. 2024 million roster bonus: $6 million, which becomes fully guaranteed five days after signing.
8. 2024 base salary: $23.5 million, $10 million of which becomes fully guaranteed on the fifth day of the 2022 league year and the other $13.5 million of which becomes fully guaranteed on the fifth day of the 2023 league year.
9. 2025 roster bonus: $25 million, $16.5 million of which becomes fully guaranteed on the fifth day of the 2023 league year.
9. 2025 base salary: $14 million, $1.5 million of which is guaranteed at signing. It becomes fully guaranteed on the fifth day of the 2024 league year.
10. 2026 roster bonus: $15 million.
11. 2026 base salary: $22.5 million.
12. 2027 roster bonus: $25 million.
13. 2027 base salary: $14 million.
14. 2028 roster bonus: $25 million.
15. 2028 base salary: $15.55 million.
The deal also includes non-guaranteed workout bonuses of $500,000 in 2022, 2023, 2024, and 2025 and non-guaranteed workout bonuses of $1 million in 2026, 2027, and 2028.
Likewise, the contract has AFC Championship, Super Bowl, and MVP incentives from 2023 through 2028, which cumulatively can add another $30 million to the contract.
The $100 million full guarantee at signing moves to $110 million in 2022, $140 million in 2023, and $162.5 million in 2024, via rolling guarantees that vest money in future years. By 2025, Allen will have had $177.5 million become guaranteed. Through 2026, it becomes $239 million.
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Basically the extension gives him a bunch more cash in '21 and '22, then adds 6 more years 23-28, so what at first glance seems to be $43 million a year if you divide 258 by 6 actually cashes out like this (not including incentives):
'21: $20,020,000
'22: $46,500,000 (his 5th season, 5th year option was $23 million)
'23: $27,500,000
'24: $29,500,000
'25: $39,000,000
'26: $37,500,000
'27: $39,000,000
'28: $40,550,000
As said earlier in the thread... he'll be fine :p
Inside the Josh Allen deal (msn.com)
© Provided by NBC Sports
Video player from: NBC Sports (Privacy Policy)
All numbers come from a source with direct knowledge of the contract.
It’s a six-year extension, with a base value of $258 million ($43 million per year) and a maximum value of $288 million ($48 million per year). The specific terms are as follow:
1. 2021 signing bonus: $16.5 million, fully guaranteed at signing.
2. 2021 base salary: $920,000, fully guaranteed at signing.
3. 2021 roster bonus: $2.6 million, fully guaranteed at signing.
4. 2022 option bonus: $42.4 million, fully guaranteed at signing.
5. 2022 base salary: $4.1 million, fully guaranteed at signing.
6. 2023 base salary: $27.5 million, fully guaranteed at signing.
7. 2024 million roster bonus: $6 million, which becomes fully guaranteed five days after signing.
8. 2024 base salary: $23.5 million, $10 million of which becomes fully guaranteed on the fifth day of the 2022 league year and the other $13.5 million of which becomes fully guaranteed on the fifth day of the 2023 league year.
9. 2025 roster bonus: $25 million, $16.5 million of which becomes fully guaranteed on the fifth day of the 2023 league year.
9. 2025 base salary: $14 million, $1.5 million of which is guaranteed at signing. It becomes fully guaranteed on the fifth day of the 2024 league year.
10. 2026 roster bonus: $15 million.
11. 2026 base salary: $22.5 million.
12. 2027 roster bonus: $25 million.
13. 2027 base salary: $14 million.
14. 2028 roster bonus: $25 million.
15. 2028 base salary: $15.55 million.
The deal also includes non-guaranteed workout bonuses of $500,000 in 2022, 2023, 2024, and 2025 and non-guaranteed workout bonuses of $1 million in 2026, 2027, and 2028.
Likewise, the contract has AFC Championship, Super Bowl, and MVP incentives from 2023 through 2028, which cumulatively can add another $30 million to the contract.
The $100 million full guarantee at signing moves to $110 million in 2022, $140 million in 2023, and $162.5 million in 2024, via rolling guarantees that vest money in future years. By 2025, Allen will have had $177.5 million become guaranteed. Through 2026, it becomes $239 million.
_____________________________________________________________________________________________________________
Basically the extension gives him a bunch more cash in '21 and '22, then adds 6 more years 23-28, so what at first glance seems to be $43 million a year if you divide 258 by 6 actually cashes out like this (not including incentives):
'21: $20,020,000
'22: $46,500,000 (his 5th season, 5th year option was $23 million)
'23: $27,500,000
'24: $29,500,000
'25: $39,000,000
'26: $37,500,000
'27: $39,000,000
'28: $40,550,000
As said earlier in the thread... he'll be fine :p