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Buffalo Bills preparing a massive contract extension for Josh Allen, per report

Josh Allen is setting himself up to be a very rich man.

Matt Warren is Associate Director of NFL coverage for SB Nation and previously covered the Bills for Buffalo Rumblings for more than a decade.

The Buffalo Bills are apparently set to make Josh Allen the first player from the 2018 NFL Draft class to sign a massive new extension. That report came before Saturday’s Wild Card win over the Indianapolis Colts.

“Josh Allen is coming off an MVP-caliber regular season, has two years left on his contract (or will when they pick up the fifth-year option),” said Rapoport in his quick report on NFL Network. “My understanding is that the Bills are expected to approach his representation about a potential massive contract extension this spring or this summer. He could end up as one of the highest-paid quarterbacks in the NFL if not the highest. Obviously, some of this will be determined by what the salary cap is next year, but this is their plan.”

Allen tied with Patrick Mahomes with two All-Pro votes from the Associated Press this offseason and both of them were named to the second team behind Aaron Rodgers. Being discussed in the stratosphere of NFL QBs means he’ll be in the stratosphere of QB contracts.

Mahomes recently signed a ten-year, $450 million contract and Deshaun Watson signed a deal for $39 million per season. Russell Wilson signed a deal with the most cash in the first three years at a total of $107 million. He also received a $65 million signing bonus.

Despite the high overall numbers for Mahomes, it is actually an incredibly team-friendly deal that will only get better for the Chiefs as it continues into the future. In July, we speculated what Allen would have to do to earn a similar contract and he’s been checking off boxes all season.