Jacksonville Jaguars’ Josh Allen Signs Lucrative Contract Extension
By Michael DiRocco | Apr 10, 2024, 15:59
JACKSONVILLE, Fla. – The Jacksonville Jaguars have secured the services of star pass-rusher Josh Allen for the foreseeable future with a groundbreaking contract extension. Allen, a two-time Pro Bowler, agreed to a five-year, $150 million deal with $88 million guaranteed, sources close to the negotiations revealed to ESPN’s Adam Schefter.
Allen, who had previously received the franchise tag from the Jaguars, was set to earn $24 million in 2024 if he played under that offer. The 26-year-old defensive standout is coming off a stellar season, where he recorded a franchise-record 17.5 sacks, placing him among the top pass rushers in the NFL.
With impressive stats that include 45 career sacks, Allen’s impact on the Jaguars’ defense has been undeniable. His performance over the past three seasons, ranking sixth in pressures and tied for 10th in sacks in the league, solidifies his position as a key player for the team.
The negotiations between the Jaguars and Allen came down to the wire, with both parties having until July 15 to reach a long-term agreement. The successful conclusion of the deal now places Allen among the elite players in the league with a lucrative contract extension.
Selected seventh overall in the 2019 draft, Allen quickly made his mark in the NFL with an impressive rookie season. Despite facing challenges such as a knee injury in 2020, Allen’s resilience and determination have been evident in his consistent performance on the field.
General manager Trent Baalke’s decision not to extend Allen’s contract after the 2022 season proved to be a motivating factor for the defensive star. Allen’s exceptional 2023 season showcased his talent and value to the Jaguars, leading to the successful negotiation of the new contract.
Allen’s extension with the Jaguars marks a significant milestone for the team, as he becomes only the third first-round pick from 2008 to 2020 to sign a long-term deal with the franchise. The challenges faced by previous draft picks highlight the importance of securing key players like Allen to build a competitive team.
As the Jaguars look to the future with Allen as a cornerstone of their defense, the impact of strategic contract negotiations and player retention becomes evident. The team’s commitment to investing in top talent like Allen sets a strong foundation for success in the seasons to come.
