Josh Allen Net Worth and Salary

Josh Allen has a net worth of $14 million and an average annual salary of about $5.3 million. 

The 27-year-old signed a lucrative 6-year contract with the Bills in August 2021 worth $258 million with an average yearly salary that could rise to as high as $43 million. Here is a breakdown of the athlete’s net worth and income sources.

Josh Allen’s Net Worth and Salary

Net Worth: $14 Million
Salary: $5.3 Million
Date of Birth: May 21, 1996
Place of Birth: Firebaugh, California

Josh Allen Net Worth Has the Potential to Increase Significantly

As of 2022, Josh Allen has a net worth reported at $14 million. Nevertheless, the new contract he signed with the Buffalo Bills worth a reported $258 million means that the potential for that figure to be higher than it is currently reported is very high.

Josh Allen was drafted by the Buffalo Bills as the seventh overall pick in the first round of the 2018 NFL draft. The Bills traded up from 12th overall with the Tampa Bay Buccaneers to make the selection, and on July 25, 2018, Josh Allen signed his first professional contract with the Bills.

The contract he signed in 2018 was a four-year contract worth a fully guaranteed $21 million. That contract meant that Josh would earn an average of $5.3 million a season for the duration of that contract.

Josh Allen’s Salary Could Rise to Around $43 Million By the End of His New Contract

Following on from some impressive displays for the Bills, which included back-to-back East AFC titles, Allen and the franchise agreed to a six-year contract extension that could see him earn as high as $43 million annually by the end of that contract.

At the time he signed this contract, the 2x Pro Bowler was entering the fourth year of his rookie contract and had also seen the Bills exercise an option in that contract to keep him for a fifth year during the off-season.

Josh Allen’s new contract comes with a $100 million full guarantee and $150 million guaranteed for the duration of the contract, which looks to keep the quarterback at the franchise until 2029 at the very least.

The terms of the improved contract contained an initial signing bonus of $16.5 million. An interesting point of note, however, confirms that Allen was being paid an option bonus of $42.5 million in 2022 and an additional $30 million in additional incentives.

The option bonus was used to split Allen’s signing bonus and keep his cap under control in 2021. The fully guaranteed option bonus also allowed the Bills the luxury of not carrying over an extra prorated bonus money of $8.5 million from 2021, seeing as there was already a prorated $3.371 from Allen’s rookie contract.

The structure of Allen’s new contract extension contains rolling guarantees to attain the full $150 million he is supposed to get at the end of his contract. With the expiration of his old contract, the Bills also took on more prorated money in 2022 and are set to do so again in 2023 and beyond.

Also, the 2024 $6 million roster bonus contained in Josh Allen’s contract became fully guaranteed as soon as he signed the contract in August 2021. There is also a provision in the contract that states that on the fifth day of the 2023 league year, $13.5 million of his 2024 salary, as well as an additional $16.5 million portion of his 2025 roster bonus, becomes guaranteed, a clause that has since come into effect.

Given that the first year of the quarterback’s contract extension begins in 2023, he now officially has six years left on his contract with the Bills, which was eight years at one point. It also confirms the fact that Allen would be a 32-year-old free agent in 2029 when that contract expires unless another phenomenal next few years prompts the Bills to make alterations to improve his current deal.

It is clear to see the value the Bills place on Allen from the steady rise of his income with them as the years have progressed. Recall that he started on an annual $5.3 million when he signed his rookie contract in 2018. In 2021, three years into that contract, that figure almost doubled to almost $10.202 million and then to just over $16 million in 2022.

It is also vital to point out the fact that Josh Allen’s 2022 estimated salary of $16.5 million includes his base salary, prorated signing bonus, workout bonus, and prorated option bonus. The life of the contract also ensures that his annual salary will balloon with every year he stays with the Bills.

Below is a clear illustration of Josh Allen’s salary cap for the duration of his contract as a Buffalo Bills player. Also, note that the list below takes into account his rookie contract and his bumper 6-year extension.

  • 2018 – 2020 – $5.3 million
  • 2021 – $10.2 million
  • 2022 – $16.4 million
  • 2023 – $39.8 million
  • 2024 – $41.8 million
  • 2025 – $51.3 million
  • 2026 – $47 million
  • 2027 – $40 million
  • 2028 – $41.6 million

The salary includes roster bonuses ranging from $6 million in 2024 to around $25 million in 2025, 2027, and 2028. Every penny Allen is set to earn is managed through the aforementioned rolling guarantee. Nonetheless, beyond 2025, none of his specified income is guaranteed unless his contract is restructured.

Josh Allen Has Endorsement Deals With Nike and Other Known Brands

It is hard to argue against the fact that Josh Allen makes the bulk of his currently estimated $14 million on the field of play as a football player. However, the talented and charismatic quarterback earns a significant figure from brand endorsements.

Several reliable sources have confirmed that Allen has a contract with Nike, which contributes significantly to his net worth. The renowned fashion brand is not the only brand Allen is contractually obligated to represent.

He also reportedly has lucrative endorsement deals with brands such as Microsoft, Hyundai, New Era, and Tommy Armour Golf, amongst others. In total, Forbes estimates the income he makes from the aforementioned brands, including Nike, to be around $4 million annually.

Josh Allen’s House Cost Him Less Than $1 Million

Josh Allen currently resides in a 4-bedroom, 2-story house in Hidden Oak Ct, Orchard Park, NY, which he purchased for just over $851k. The 3,600 sq ft house also reportedly has 4 bathrooms and is finished in aluminum and vinyl.

The front entrance is accessed through a lovely curved walkway and is fitted with a garage that easily accommodates two vehicles. Other specifications include a cozy fireplace in front of which the star athlete hangs out with his girlfriend Brittany on a cold day.

The house was built in 2017, just like almost every other house around it, so it is still relatively new.

Josh Allen’s Car Collection

Athletes like Josh Allen spend their money on several luxuries, not the least of which are car collections. Josh is no different, and his impressive car collection adds to his already thick layer of wealth. Below is a list of cars he owns and how much they are worth.

  • Aston Martin Vintage worth Est. $145k
  • Mercedes-Benz G Wagon worth Est. $137k
  • Range Rover Sport worth Est. $115k
  • Dodge Challenger SRT Hellcat worth Est. $70k
  • Jeep Grand Wagoneer worth Est. $65k
  • Ford F- 150 Raptor worth Est. $90k

FAQs about Josh Allen:

  1. What is Josh Allen’s net worth? Josh Allen’s net worth is $14 million, derived mostly from his professional career as an NFL player and from brand endorsements.
  2. How much does Josh Allen earn as an NFL player? Josh Allen’s salary from the Buffalo Bills is $43 million as of 2023, following a 6-year contract extension signed in 2020 worth $258 million with $150 million guaranteed.
  3. Who are some of Josh Allen’s major endorsement partners? Josh Allen has endorsement deals with top brands such as Microsoft Surface, Hyundai, Tommy Armour Golf, New Era, and Nike. These endorsements contribute approximately $4 million to his net worth.
  4. What are some of Josh Allen’s investments? Known investments by Josh Allen include Corepower Yoga, a men’s grooming company called Manscaped, and a massage gun company named Therabody. He also became a shareholder of a Buffalo-based golf ball producer in 2020.
  5. What are some other sources of Josh Allen’s income? In addition to his NFL salary and endorsements, Josh Allen has branched out into business, having launched his own cereal ‘Josh’s Jaqs’ in 2020.
  6. Does Josh Allen run any charity organizations? Yes, Josh Allen started the Patricia Allen Fund in 2020 to benefit the Oishei Children’s Hospital, in honor of his late grandmother.
  7. How has Josh Allen performed as a starting quarterback? In the 76 games Josh Allen has started, he holds a 52-24 win-loss record.
  8. What is Josh Allen’s physical stature? Josh Allen stands at 6 feet 5 inches tall and weighs 237 lbs, making him a large presence on the football field.
  9. Where does Josh Allen rank among the highest-paid quarterbacks in the NFL? Despite his substantial contract extension, Josh Allen ranks as the 8th highest-paid quarterback in the NFL as of 2023.
  10. Who is Josh Allen’s partner? Josh Allen has been dating Brittany Williams since 2017.

 

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Romeo Ndlovu
Romeo Ndlovu
Romeo's secret talent is taking the ordinary and making it extraordinary content. At work, he is thinking about how best to provide the most unique, original content that provides utmost satisfaction to the user. Away from work, he is a football addict who loves to catch up on his favorite pastimes

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