Josh Allen's $330M contract exposed as a scam by taxes — fans say he's getting robbed as he's losing millions each year
Buffalo Bills quarterback Josh Allen may have just inked one of the biggest deals in NFL history, but it turns out he won't be taking home as much as fans expected. While Allen's six-year, $330 million contract extension was hailed as a league-defining move, the latest tax breakdown has many fans stunned — and even sympathetic.
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The true cost of playing in New York state has fans questioning Allen's massive paycheck
Allen's blockbuster extension stands as the second-largest contract ever signed in the NFL, just behind Patrick Mahomes' $450 million deal with the Chiefs. But financial reality quickly settled in as a viral breakdown from ML Football on X (formerly Twitter) showed the staggering amount Allen will owe in taxes — over $27 million annually, to be exact.
Here's what the numbers show:
$20.35 million goes to federal income tax
$5.9 million is claimed by New York State taxes
$1.3 million heads to federal payroll taxes
And another $478,500 is deducted due to the 'jock tax,' a charge for athletes playing in multiple states
This brings Allen's take-home pay from this segment of the deal to just over $25.27 million—a far cry from the original nine-figure headline.
Social media reacts with humor and frustration over Allen's tax reality
As expected, fans took to social media to react — many with disbelief, others with laughter. 'Poor guy can't catch a break,' one user joked. Another added, 'That's why you don't live in NY,' reflecting widespread frustration over high state taxes.
Even those who recognize Allen's extreme wealth couldn't help but feel that the system takes a big chunk out of athletes' earnings. Still, others were quick to point out that Allen will be 'just fine,' financially.
His earlier $258 million extension from 2021, rookie contract earnings, and numerous endorsement deals keep his net worth robust.
While taxes may be eating into his income, Allen's ambitions remain the same: lead the Bills to a championship. The 2025 season kicks off with a primetime Week 1 showdown against Lamar Jackson and the Baltimore Ravens. The game is a high-stakes rematch of their last postseason meeting, where Buffalo escaped with a 27-25 win.
Also Read:
Allen's bank account may be lighter than fans thought, but his drive to bring a Lombardi Trophy to Buffalo is as heavy as ever.
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