EXCLUSIVE: Jaguars, OLB Josh Allen reportedly agree to five-year, $150 million deal

The deal comes a month after the Jaguars placed the franchise tag on Allen ahead of free agency, allowing Jacksonville more time to negotiate a long-term deal with minimal threat of losing him. The franchise tag for Allen was worth $24 million.

Allen has emerged as one of the game’s best pass-rushers after the Jaguars selected him with seventh overall pick in the 2019 NFL Draft. He had a career-high and franchise-record 17.5 sacks in 2023, tied for second in the league. His 32 sacks in the past three seasons are the 10th-most in the league over that stretch. He’s just 10 sacks shy of the team’s career mark (55), which is held by Tony Brackens (1996-2003″I know Josh wants to be here. I know we want him here,” general manager Trent Baalke said earlier this offseason. “Can we come to a number that works for everybody? That’s the key. I respect that. … You got to respect these guys that put themselves in this position. They work hard. They deserve to make good money.”