“I’m going to make them look like they’re the smartest people out there.” Those were the words of Josh Allen in 2018, for whom the Bills had just moved up five spots to pick the former Wyoming QB No.7 overall. Well, at that time, the Bills were getting a lot of heat for doing so much for a QB whose pass completion stood at just 56% in college. But the Bills took their chance on Allen, who went from completing 52.8% of his passes in his rookie season to 65.2% over the last 5 years.
Like that’s not bad for a QB, who was supposedly destined for failure, as some of his critics would say. So, what did the Bills do to reward Allen, who quickly turned into the face of Buffalo? Well, they gave him a contract that made Allen one of the highest-paid QBs in the league. And let’s just say—that mammoth contract didn’t just have eye-watering guarantees, but also several other avenues to earn extra cash.
What is Josh Allen’s salary?
ADVERTISEMENT
Article continues below this ad
See, after proving his worth to Buffalo’s front office on a $21M rookie contract. The Bills didn’t take any chances losing their golden arm in Allen. And rewarded him with a six-year, $258M extension in 2021, thereby keeping him in Buffalo till the 2028 season. Now, his deal wasn’t just another regular QB extension in the league. Allen was showered with $150M in guarantees. So, no matter what happens until 2028, Allen will take home $150M at the very least.
His rookie extension also featured a signing bonus of $16.5M just for committing to the Bills Mafia. And you know what? Besides the regular formalities in his deal, Allen could earn up to $30M in bonuses. Yes, that’s right. The Bills QB could continue playing at the highest level while ensuring he gets richer every season. Just look at this season—Allen is projected to earn almost $5 in potential bonuses if certain clauses are met.
For starters, if the Bills QB wins his first league MVP, he will bag $1.5M in bonuses. Then, it could get even sweeter if the Bills win their AFC title game. But before that, of course, the Bills need to beat his MVP competitor Lamar Jackson’s Ravens in their divisional round matchup. And then await the arrival of either the Chiefs or the Texans to win the AFC title and also an extra $1M. Now, going up to the Super Bowl would be like a cherry on top for Allen. Just in case the Bills do win the Super LIX, Josh will take home another $2.5M and also his first Lombardi. Because of such bonuses and the contract he received from the Bills, Allen’s net worth continues to soar every season.
ADVERTISEMENT
Article continues below this ad
What is the Bills’ QB’s net worth?
As per Sports Illustrated estimations, Allen could have a net worth of around $70M. See, that estimate doesn’t only include what he is earning from his Bills’ contract. Allen also has a rich list of endorsements beyond the gridiron to keep his cash flowing. You know what they say about making money while you are sleeping? Well, Allen has taken that passive income pretty seriously to ensure he doesn’t run out of cash anytime in the future.
ADVERTISEMENT
Article continues below this ad
He has endorsements with brands like Nike, Microsoft, Paramount, Hyundai, and PepsiCo. Those endorsements, as per Forbes, are said to bring Allen upwards of $4M per year. It’s safe to say that the Bills QB isn’t just a genius at finding the red zone, but also a mastermind in financial management.
Now, other than endorsements, Josh Allen has quite a few investments in companies like RX3 Growth Partners, Hydrant, TMRW Sports, OnCore Gold and FL Newsletter. So, once businesses start booming, like Allen’s career in the NFL, don’t be surprised if the Bills QB’s net worth soars, probably above $100M.
Have something to say?
Let the world know your perspective.
Challenge Your Sports Knowledge!
Solve the puzzle and prove your knowledge of iconic players, terms, and moments.
Debate
Did the Bills make the smartest move ever by betting big on Josh Allen's potential?
What’s your perspective on:
Did the Bills make the smartest move ever by betting big on Josh Allen's potential?
Have an interesting take?