How much does Keenan Allen make in the NFL?

By Oliver Wiener May 01, 2024 20:02

Keenan Allen, a prominent wide receiver in the NFL, has garnered attention not only for his exceptional on-field performance but also for his significant salary and contract details.

Keenan Allen's NFL Career

Keenan Allen, a talented wide receiver, entered the NFL in 2013 when he was drafted in the 3rd round by the Los Angeles Chargers.

Throughout his 11-year career, Allen has established himself as a key player, making substantial contributions to the Chargers' offense.

His impressive career statistics include being second in franchise history in receptions (904) and receiving yards (10,530).

Contract History and Earnings

Initial Contracts

During his tenure with the Chargers, Keenan Allen signed multiple contracts that contributed to his substantial earnings. His initial contract, signed in 2013, was a four-year deal valued at $2,813,800 with significant guarantees and earnings amounting to $2,123,800.

Extension Contracts

In 2016, Allen renegotiated his contract, signing a four-year extension worth $45,000,000, with a substantial amount of $20,656,000 fully guaranteed. Throughout the duration of this extension, Allen earned $39,921,000, which accounts for 88.7% of the total contract value.

In 2020, Allen was involved in another contract extension, this time with the Chicago Bears, where he signed a four-year deal worth $80,100,000, with an average annual value (APY) of $20,025,000.

The contract included $32,000,000 in fully guaranteed money, and Allen earned $67,750,000, equivalent to 84.6% of the total contract value.

Trade to the Chicago Bears

In a significant move, Keenan Allen was traded to the Chicago Bears in 2024 in exchange for a fourth-round pick. This trade marked the end of his 11-year tenure with the Chargers and signified a new chapter in his career.

Salary and Cap Impact

Keenan Allen's salary and cap impact have been noteworthy aspects of his career, with his 2024 salary cap charge amounting to $23,100,000, representing 8.91% of the cap.

His cash payout for 2024 stands at $23,100,000, equivalent to 9.54% of the spending. Notably, his 2024 cash to cap ratio is 1.00, reflecting a balanced distribution of cash and cap impact.

Team Transactions and Salary Cap Management

The trade of Keenan Allen to the Chicago Bears had significant implications for both teams. Prior to the trade, the Chargers were facing challenges with their salary cap, being $21 million over the cap before the start of free agency in 2024.

In response, they made strategic moves involving their top players to address the cap situation. This included the release of wide receiver Mike Williams and contract restructures for linebackers Joey Bosa and Khalil Mack.

On the other hand, the Bears, who had the most cap space heading into free agency, acquired Allen, adding a substantial $23 million salary-cap hit to their roster.

This acquisition reshaped the Bears' depth chart and significantly impacted their estimated salary cap, leaving them with approximately $34.09 million in cap space after the trade.

Future Prospects and Offseason Changes

With the acquisition of Keenan Allen, the Bears have demonstrated their commitment to strengthening their offense. The addition of Allen, alongside other notable players like DJ Moore, D'Andre Swift, and Gerald Everett, has positioned the Bears for a potentially impactful season in 2024.

The team's offseason moves, including the hiring of Shane Waldron as offensive coordinator, indicate a strategic effort to elevate their offensive capabilities.

On the whole, Keenan Allen's salary in the NFL encompasses a rich history of contracts, earnings, and impactful trades.

With a prolific career behind him and promising prospects ahead, Keenan Allen's salary in the NFL continues to be a topic of substantial interest and analysis within the football community.

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