Buffalo Bills quarterback Josh Allen has agreed to a six-year extension on Friday, a deal that Baltimore Ravens star Lamar Jackson is likely paying close attention to.
Allen's extension with Buffalo is worth $258 million in new money over six years, according to multiple reports, with $150 million guaranteed. The deal also includes $100 million guaranteed at signing, which is the highest in NFL history.
With the new deal in place, Allen will make an average of $43 million per season. That figure is more per year than the lucrative extension Dak Prescott signed with the Cowboys earlier this year. Allen's contract will make him the second-highest-paid QB in the NFL, only behind Kansas City superstar Patrick Mahomes.
Allen is the first quarterback from the 2018 draft class to reach a long-term deal. Jackson, along with Browns' signal-caller Baker Mayfield, is likely next in line.
Jackson, who is representing himself in contract negotiations, has spoken with Baltimore's brass multiple times about a new deal but the two sides have been unable to come to an agreement just yet.
With Allen's deal now in place, the $43 million per year the Bills passer will make per season could be used as a good starting point. Earlier this summer, ESPN Insider Dan Graziano wrote that a potential Jackson deal would likely be somewhere between Prescott's average salary per season ($40 million) and Mahomes' ($45 million). Allen's is right in the middle of that.
Jackson has arguably accomplished more than Allen through three seasons, as the Ravens passer has an MVP award under his belt. He was also named first-team All-Pro in 2019, a distinction Allen has yet to receive. Allen did lead the Bills to the AFC Championship Game last season, which is further into the postseason than any Jackson-led Ravens team has gone.
Since Jackson took over as the full-time starter late in 2018, Baltimore has won 30 of its 37 games with him under center. Over that three-year span, Jackson has accumulated over 7,000 passing yards, 68 touchdowns and 18 interceptions while rushing for nearly 3,000 yards and 19 more scores.
Simply put, there are few quarterbacks who can impact the game the way Jackson can.
Earlier this year, Jackson was asked about a possible extension and made his intentions clear that he wants to stay with the Ravens long-term.
"I spoke to (general manager Eric DeCosta) about a month or two ago, but I would love to be here forever," Jackson told media after the first day of OTAs. "I love Baltimore, I love the whole organization, I love everyone in the building. Hopefully we'll be making something happen pretty soon or whenever."
With Jackson and the Ravens, it only seems like a matter of time before a deal gets done. Now that Allen's long-term extension is set, maybe the two sides will be able to come to an agreement soon.