Allen and the Jaguars agreed to terms Wednesday on a five-year, $150 million contract, Nick Shook of NFL.com reports. Jacksonville is about a month removed from placing the franchise tag on Allen, who tallied a franchise-record 17.5 sacks last season, but the team's stated goal has always been to negotiate a long-term contract with the two-time Pro Bowler. Adam Schefter of ESPN reports that Allen's new deal includes $88 million guaranteed, while the franchise tag would've had him play out the 2024 season on a salary of just over $24 million. Allen looked convincing as one of the league's elite pass-rushers in 2024, in which he also logged 66 tackles (43 solo), one interception and two forced fumbles across 17 regular-season appearances. He'll come off the board as one of the top players at his position in IDP formats in 2024 drafts.
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Allen and the Jaguars agreed to terms Wednesday on a five-year, $150 million contract, Nick Shook of NFL.com reports. Jacksonville is about a month removed from placing the franchise tag on Allen, who tallied a franchise-record 17.5 sacks last season, but the team's stated goal has always been to negotiate a long-term contract with the two-time Pro Bowler. Adam Schefter of ESPN reports that Allen's new deal includes $88 million guaranteed, while the franchise tag would've had him play out the 2024 season on a salary of just over $24 million. Allen looked convincing as one of the league's elite pass-rushers in 2024, in which he also logged 66 tackles (43 solo), one interception and two forced fumbles across 17 regular-season appearances. He'll come off the board as one of the top players at his position in IDP formats in 2024 drafts.
The Jaguars have officially placed their franchise tag on Allen ahead of Tuesday's 4:00 p.m. ET deadline. Allen receiving the franchise tag has been long expected, and is now official. The 2019 first-round pick is coming off a true breakout campaign, with a career-high 17.5 sacks in 2023, to go with 66 tackles (43 solo), one interception and two forced fumbles. He and Jacksonville still have until mid-July to negotiate a long-term deal, but if Allen believes he can replicate similar production in the 2024 season, he may be comfortable betting on himself with the hopes of hitting the open market next offseason as a true star at one of the NFL's most sought-after positions.
The Jaguars are expected to place the franchise tag on Allen by Tuesday's 4:00 p.m. ET deadline, Ian Rapoport of NFL Network reports. Allen will play out the 2024 season on a one-year, guaranteed $24 million contract if the Jaguars indeed place the franchise tag on him, and a long-term deal isn't agreed to by mid-July. The 2019 first-round pick broke out in a big way with 66 tackles (43 solo), 17.5 sacks, one interception and two forced fumbles in 17 regular-season games last season, and he would immediately become one of the top available free agents on the market were Jacksonville allow him to walk.
Allen tallied two-plus sacks for the fourth time this season and secured the second double-digit sack season of his career in Week 12. He's already had a career year with six games to play, so he projects as a high-upside IDP play.
Both of Allen's sacks came in the second half on Mitch Trubisky, who subbed in for Kenny Pickett (ribs). Allen has played in at least 80 percent of defensive snaps in three straight games and his nine sacks on the year ranks second in the NFL behind Danielle Hunter (10). Allen is just 1.5 sacks from surpassing his career-high in his rookie year and will get a chance to hit that mark after the bye in Week 10 against the 49ers.