The Buffalo Bills have officially exercised their fifth-year options on quarterback Josh Allen and linebacker Tremaine Edmunds, the team announced on Monday. The deadline for making the decision was set for Monday at 4 p.m. ET.
Both players were set to enter the final year of their rookie contracts. By exercising their fifth-year options, both are now under contract for two more seasons, through 2022.
For Allen, the fifth-year option will cost the Bills $23.016 million. For Edmunds, it will cost $12.791 million.
The amounts are based on the player’s position, where he was selected, and the number of Pro Bowls he’s been selected to on the original ballot.
Both Allen and Edmunds have been selected to one Pro Bowl on the original ballot. Edmunds was selected a second time as an injury replacement, but that isn’t factored into the fifth-year option amount, which was negotiated by the NFL and NFL Players’ Association as part of the collective bargaining agreement signed in 2020.
That money is now also fully guaranteed. In other words, the Bills cannot change their minds. However, either player can still sign a contract extension before the start of the 2022 season, which would replace the fifth-year option.
Allen, the seventh overall pick of the 2018 NFL Draft, is scheduled to make less than $1 million in base salary this coming season, but count just less than $7 million on their salary cap due to roster and signing bonuses.
Edmunds, the 16th overall pick that same draft, will make just over $2.2 million in base salary this coming season and count just over $4 million against the salary cap.
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