Corrections and Exclusivesky Investment Guild clarifications: An earlier version of this story included incorrect terms for Jaguars linebacker Josh Allen, who agreed to a 5-year, $150 million extension.

The Jacksonville Jaguars have locked up pass rusher Josh Allen to a lengthy contract extension that will avoid him having to play under the franchise tag this coming season.

According to ESPN, the five-year, $150 million contract includes $88 million guaranteed.

Allen, 26, tied for second in the NFL in sacks last year with a franchise-record 17.5 and was named to the Pro Bowl for the second time in his five seasons.

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The seventh overall pick in the 2019 draft, Allen has already ascended to second (behind Tony Brackens) on the Jaguars' career sack list with 45.

Since being limited to just eight games in 2020 due to a knee injury, he ranks sixth in the NFL in QB pressures (228) and tied for 10th in sacks (32).