It has been reported that the deal is worth $80 million over four years with $50 million in guarantees.
His previous extension back in 2016 saw him get $45 million over four years. Since then he has 303 receptions with 3,788 receiving yards and 18 touchdowns. Across his entire seven-year career he has 6,405 receiving yards on 524 receptions with 34 touchdowns.
Through his first seven seasons in the NFL, Allen has been very productive when it comes to availability, playing in 86 out of a possible 112 games.
In 2015 he lacerated his kidney after he came down on his back during a touchdown, he then had a non-surgical procedure and was placed on injured reserve. In 2016 he tore his ACL in the first week and missed the rest of the season.
Since then Allen has played in all 32 regular season games for the Los Angeles Chargers and has not shown any signs of decline on the field having put up three consecutive 1,000-yard seasons and two out of those three he has had over 100 receptions.
After coming back from his torn ACL in 2016 Allen went on to post 1,393 receiving yards on 102 receptions while catching 6 touchdowns.
This would be Allen’s first season where he would be voted to the Pro Bowl and has made each one since. Alongside his first Pro Bowl appearance he also won the NFL’s comeback player of the year award.
This is a major financial commitment from the Chargers, who clearly view Allen as a key component in their next contending team.