"New-money" Contracts Misunderstood
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Josh Allen contract highlights the flaws of the "new-money" fiction
52% Informative
The Josh Allen contract highlights the flaws of the “new-money” fiction.
There are no extensions, in the technical or literal sense, of NFL contracts.
In every case, the old contract gets torn up and disregarded.
Dak Prescott signed in September 2024 a new contract with four new years.
Bills replaced the remaining four years of Allen 's contract with a new, six-year contract.
The same thing happened with Deshaun Watson’s contract in 2022 .
Watson was due to make, as noted by Joel Corry of CBS Sports , $136 million over the four years left on his deal with the Texans .
So if Dak Prescott is making $60 million per year, the Bills are making $87.723 million .
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