Inside the deal the Jaguars signed pass rusher Josh Allen

Jaguars and pass rusher Josh Allen converted his franchise tag into a five-year contract.

We have the full details of the contract.

Here, according to a source familiar with the terminology:

1. Signing bonus: $32 million.

2. 2024 base salary: $2 million, fully guaranteed.

3. 2024 offseason training bonus: $500,000.

4. 46-man roster bonus for 2024: $500,000 total.

5. 2025 base salary: $32 million, fully guaranteed.

6. 2025 offseason training bonus: $500,000.

7. 46-man roster bonus for 2025: $500,000 total.

8. 2026 base salary: $22 million, with $10.5 million fully guaranteed at signing and $11.5 million fully guaranteed in March 2026.

9. 2026 offseason training bonus: $500,000.

10. 46-man roster bonus for 2026: $500,000 total.

11. 2027 base salary: $23.75 million.

12. 2027 offseason training bonus: $500,000.

13. 46-man roster bonus for 2027: $500,000 total.

14. 2028 base salary: $24.5 million.

15. 2028 offseason training bonus: $500,000.

16. 46-man roster bonus for 2028: $500,000 total.

17. Annual incentives: $1.75 million, capped at $250,000 for 12.5 sacks, $500,000 total for 14.0 sacks, $750,000 total for 17.5 sacks, $1 million for Pro Bowl or first-team All-Pro.

The base value is $141.25 million, which translates to an average value of $28.25 million.

The deal pays $35 million in year one, $33 million in 2025, $23 million in 2026, $24.75 million in 2027, and $25.5 million in 2028. The Jaguars could decide to keep Allen for Five full years of the contract.

The deal pays $76.5 million fully guaranteed at signing. The other $11.5 million becomes fully guaranteed in March 2026.

The deal is worth up to $150 million ($30 million annually) only if Allen has 17.5 or more sacks each year and if he reaches the Pro Bowl or is named a first-team All-Pro in each season.

It's very similar to the contract the Giants gave pass rusher Brian Burns. The base APY narrowly exceeds Burns, at $28.2 million. However, his incentives are a bit higher at $1.8 million per year — and he gets there simply by getting 12.5 sacks, making the Pro Bowl, or being named an All-Pro.