What is Jarrett Allen's current Contract?

Last Modified Mar 18, 2025 11:13 GMT
Jarrett Allen Contract
Jarett Allen during Cleveland Cavaliers v Orlando Magic game (Source: Getty Images)

Jarrett Allen is a professional basketball center who plays for the Cleveland Cavaliers in the NBA as of March 2025. Born on April 21, 1998, in San Diego, California, Allen was selected 22nd overall in the 2017 NBA Draft by the Brooklyn Nets, where he spent four seasons. After being traded to the Cleveland Cavaliers, Allan became the first player to make 10 or more field goals in a game without missing any since the introduction of the shot clock in the 1954-1955 season. In the 2022/23 season, Allen helped the Cavs (51-31) advance to the playoffs for the first time in five seasons. In 68 regular season games, Allen averaged 14.3 points, 9.8 rebounds, 1.7 assists and 1.2 blocks per game. Also, in the season 2023-24, Allen averaged 16.5 points, 10.5 rebounds, and 1.1 blocks per game, which led the Cavs to another playoff run, but the team lost to the Boston Celtics in the semifinals.

Before joining the NBA, Allen went to the University of Texas, where he played from 2016 to 2017. In a lone season at the University, Allen averaged 13.4 points, 8.4 rebounds and 1.5 blocks per game. Allen was rated as a five-star recruit and was ranked as the 15th player in the class of 2016.

Jarrett Allen Contract Breakdown

In August 2021, Jarret Allen signed a five-year $100 million deal with the Cleveland Cavaliers as per Spotrac. The table below lists his annual salary:

SeasonBase Salary Signing Bonus Cap Hit Dead Cap Yearly Cash
2021/22 $20,000,000 $20,000,000 $20,000,000
2022/23$20,000,000 $20,000,000 $20,000,000
2023/24$20,000,000 $20,000,000 $20,000,000
2024/25$20,000,000 $20,000,000 $20,000,000
2025/26$20,000,000 $20,000,000 $20,000,000

How much is Jarrett Allen getting paid?

Jarrett Allen is set to earn $20,000,000 for the 2024/25 NBA season. He signed a five-year contract worth $100 million with the Cleveland Cavaliers on August 6, 2021. He will become an unrestricted free agent in 2026, as per Spotrac.

Jarrett Allen started his NBA journey by signing a four-year rookie contract worth $10.03 million with the Brooklyn Nets on July 20, 2017.

How much does Jarrett Allen make in a minute?

Jarrett Allen’s annual salary is $20,000,000. Therefore, he makes around $38.05 per minute.

Jarrett Allen Future Contract

Jarrett Allen signed a three-year $90,720,000 contract with the Cleveland Cavaliers on August 2, 2024. The contract is fully guaranteed and Allen will get an annual average salary of $30,240,000.

SeasonBase Salary Signing Bonus Cap Hit Dead Cap Yearly Cash
2026/27 $28,000,000-$28,000,000-$28,000,000
2027/28$30,240,000-$30,240,000-$30,240,000
2028/29$32,480,000-$32,480,000-$32,480,000

Jarrett Allen Career Earnings

Jarret Allen has been playing in the NBA for nine seasons. Throughout his NBA career, he has earned around $89,886,030.

What are the terms of Jarrett Allen’s Contract?

Jarrett Allen signed a five-year contract worth $100 million with the Cleveland Cavaliers on August 6, 2021. However, he has already signed a veteran extension contract from 2026 to 2028 with the Cavs.

How much of Jarrett Allen’s Contract is guaranteed?

Based on his five-year contract worth $100 million, Allen is guaranteed to earn $20 million each season through the 2025/26 season. The new contract that Jarrett Allen signed with the Cavs is also fully guaranteed.

Read more: Jarrett Allen Salary

Jarrett’s Allen’s Contract History

These are all the contracts that Jarrett Allen has signed in the NBA till now.

July 20, 2017

Jarrett Allen signed a four-year rookie scale contract with the Brooklyn Nets.

October 15, 2018

The Brooklyn Nets exercised an option worth $2.38 million for the 2019-2020 season for Jarrett Allen.

October 14, 2019

The Brooklyn Nets again exercised their team option worth $3.9 million for the 2020-2021 season for Jarrett Allen. Eventually, he was traded to the Cleveland Cavaliers in a four-team trade on January 14, 2021.

July 23, 2021

Allen was offered a qualifying offer worth $7.7 million by the Cleveland Cavaliers which made him a restricted free agent.

August 6, 2021

Allen signed a five-year contract worth $100 million with the Cleveland Cavaliers.

Aug 02, 2024

Allen signed a 3 year $90.72 million veteran contract extension with Cleveland (CLE)

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FAQs on Jarrett Allen

A. Jarrett Allen is 26 years old as of March 2025.

A. Jarrett Allen will earn $20 million for the 2024/25 season.

A. Jarrett Allen earns $38.05 per minute.

A. Jarrett Allen current Cavs contract runs through the 2025/26 season.

A. Jarrett Allen was picked 22nd overall by the Brooklyn Nets in the first round of the 2017 NBA Draft.

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