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NFL Rumors: Bills' Josh Allen Restructures 2024 Contract; Saves $16.7M in Cap Space

Related Topics: Josh Allen, Buffalo Bills

The Buffalo Bills have reconstructed quarterback Josh Allen's six-year, $258 million contract, per ESPN's Field Yates.

The reconstructor converts a chunk of his 2024 compensation into a signing bonus, creating $16.7 million in 2024 cap space. His updated 2024 cap charge is now $30.356 million after initially being $47 million heading into this season.

Allen threw for 4,306 yards, 29 touchdowns and 18 interceptions, leading the Bills to the divisional round, where they came up short against the Kansas City Chiefs.

This article will be updated soon to provide more information and analysis.