Josh Allen's $258,000,000 contract could be set for a big payday boost, claims NFL insider

NFL insider Ian Rapoport reports the Buffalo Bills might revise quarterback Josh Allen's contract after the 2024 season. The potential adjustment arrives as Allen, who is signed to a six-year, $258 million contract, leads the Bills into a high-stakes playoff battle against the Baltimore Ravens.

Allen, Buffalo's franchise quarterback since 2018, transformed from a controversial draft pick into the Bills' cornerstone. His completion percentage jumped from 52.8% in his rookie year to 65.2% over the past five seasons.

On Saturday, Rapoport shared insights about Allen's contract situation on X.

"The Bills and Josh Allen have a great relationship. They have an open dialog. Would not be surprised at all if the Bills take a look at this contract this off-season and offer an adjustment," Rapoport said.

The current deal reflects the Bills' early faith in Josh Allen.

Josh Allen's incentive focused contract if he takes Bills to first SB appearance since 1994

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Josh Allen's 2024 campaign validates discussions about a pay raise. Beyond his 3,731 passing yards and 28 touchdowns, he's chasing history in the playoffs.

The Bills quarterback carries multiple performance incentives into the Ravens matchup. A league MVP award would net him $1.5 million. An AFC Championship victory adds another $1 million, while a Super Bowl triumph brings $2.5 million more.

Allen's influence extends beyond the field. His endorsement portfolio includes Nike, Microsoft and PepsiCo, generating over $4 million annually. He's also invested in companies like RX3 Growth Partners and TMRW Sports.

The timing of contract discussions coincides with a pivotal moment in Bill's history. Only three AFC quarterbacks - Patrick Mahomes, Tom Brady and Peyton Manning - have won Super Bowls in the past decade.

Allen's current deal pays just $14.5 million next season, despite four years remaining on the $258 million extension. The structure feels outdated given his evolution into an NFL superstar who made history with a passing, rushing and receiving touchdown in one game.

The stakes keep rising for Sunday's playoff battle. Sports Illustrated estimates Allen's net worth around $70 million, but his next contract could push that figure significantly higher. As the Bills pursue their first Super Bowl appearance since 1994, both the team and quarterback understand the value of maintaining their strong partnership.