Allen emerged as a dominant force during the 2024 season, earning second-team All-Pro honors after recording a career-high 8.5 sacks and establishing himself as a key player in both run defense and pass rush.

Allen, 27, received a $42.8 million signing bonus, and his deal includes $44.25 million fully guaranteed. For salary cap purposes, his signing bonus will be prorated as $11.375 million cap hits in each of the next two seasons before two years of $7.625 million hits and then one year of a $4.8 million hit in 2029.

It's worth noting the Broncos reduced Allen's cap charge by a little more than $5M with this extension. That extra cap space can prove useful for giving the Broncos more wiggle room as they finalize the roster, make any transactions during the regular season and with potential carryover for 2026.