The Jaguars have reached a five-year contract with pass rusher Josh Allen after initially placing the franchise tag on him. Under the terms of the contract, Allen will receive a signing bonus of $32 million and various bonuses and incentives throughout the five-year period. In 2024, his base salary will be set at $2 million, fully guaranteed, along with additional bonuses for offseason workouts and making the 46-man roster.
For the following years, Allen’s base salaries will increase significantly. In 2025, his base salary will be fully guaranteed at $32 million, in 2026 it will be partially guaranteed at $22 million, in 2027 it will be at $23.75 million and in 2028 it will be at $24.5 million. Along with his base salaries, there are offseason workout bonuses, 46-man roster bonuses and annual incentives based on sack numbers and performance accolades. The contract has a total value of $141.25 million with an average annual value of $28.25 million.
The contract structure ensures that Allen receives a significant payout in the first year, followed by decreasing amounts in subsequent years. The Jaguars have the option to keep Allen for the full five years of the contract. A large portion of the contract is fully guaranteed at signing, with $76.5 million becoming fully guaranteed in March 2026. If certain performance milestones are met each year, the contract could reach up to $150 million in total value.
Allen’s contract is similar to Brian Burns’s deal with the Giants but with slightly higher incentives at $1.8 million per year achievable through sack numbers or performance accolades while Burns has an average annual value of approximately $19M . Both contracts reflect
