The Buffalo Bills and reigning NFL MVP Josh Allen agreed to a record-setting extension, according to multiple reports.

Allen and the Bills have come to terms on a six-year, $330 million contract that includes a record $250 million guaranteed, according to ESPN. The deal makes Allen the league's highest-paid player. The extension will keep Allen in Buffalo through the 2030 season.

A new NFL mark: the Bills and Josh Allen reached agreement on a new record-setting six-year, $330 million contract that includes $250 million guaranteed, the largest guarantee ever given to an NFL player, sources tell ESPN. Allen had four years left on his deal, but the Bills… pic.twitter.com/HVImHRv7TB