Jaguars’ Allen Agrees to $150M Contract

The Jacksonville Jaguars are hanging on to their two-time Pro Bowl edge rusher in Duval County for the foreseeable future by giving him the bag.

The Jaguars have come to terms on a five-year, $150 million deal with Josh Allen which will make the pass rusher one of the most handsomely compensated players at his position, NFL Network Insider Ian Rapoport reported early Wednesday morning, according to a source. Rapoport goes on to say that the new contract includes $88 million guaranteed, per a source.

The extension takes the place of Allen’s one-year franchise tag contract that the Jaguars saddled him with in March, which would have paid him just a little over $24 million in 2024.

Allen, 26 years-of-age, is coming off his second Pro Bowl trip in five NFL seasons, getting home to the quarterback for a career-high 17.5 sacks to go along with 66 tackles, two forced fumbles and his second career interception. It was his best effort over a full season in his career, continuing to steadily rise into the elite tier of those assigned to bring down signal callers.

Jacksonville is paying him accordingly, while also making sure to portion out future cap space to keep its best defender, who has registered 45 sacks to his credit in half a decade of pro ball.

It has been an up and down offseason, to say the least, for the Jaguars, which they began by gathering themselves both physically and emotionally after their seismic late-season collapse that saw them miss the playoffs. Jacksonville kicked off the annual roster turnover period by using the tag to keep Allen under team control while buying additional time to work on a long-term extension. Not long after that, the Jaguars were stunned when Calvin Ridley, whom most everyone believed was only waiting to re-sign with Jacksonville after the start of the new league year in order to save it on retroactive compensation due to the Atlanta Falcons, decided to take his talents to Nashville and join the division-rival Tennessee Titans in free agency, surprising the NFL community in Florida and beyond.

Even a move of that magnitude did not leave the cupboard bear for the Jaguars, as they had already agreed to a deal with former Bills receiver Gabe Davis, 3-years, $39M. But it might have influenced the Jaguars to ensure their top-tier talent does not get a chance to test the market.

They’ve done just that with Allen’s extension.