Bills' Billionaire owner Terry Pegula drops funny joke about Josh Allen

Buffalo Bills' QB Josh Allen received a new contract last month and team owner Terry Pegula addressed it during the new Highmark Stadium topping out ceremony.

Dec 29, 2024; Orchard Park, New York, USA; Buffalo Bills owner Terry Pegula walks with the team before a game against the New York Jets at Highmark Stadium. | Mark Konezny-Imagn Images

Terry Pegula recognized his superstar quarterback while showing a sense of humor.

The Buffalo Bills' billionaire owner made it a point to shoutout Josh Allen during the topping out ceremony on Friday at the new Highmark Stadium construction site in Orchard Park.

After stepping up to the podium, standing before dignitaries that included New York governor Kathy Hochul and league commissioner Roger Goodell, Pegula's first words were about the 2024 NFL MVP.

"I should congratulate Josh. He now makes more money than I do," said Pegula, drawing an audible laugh from the attendees.

Earlier this offseason, Allen and the Bills agreed on a brand-new contract that will keep the dual threat quarterback with the organization through the 2030 season. The six-year deal, reportedly worth $330 million total, features a NFL-record $250 million guarantee.

Buffalo Bills quarterback Josh Allen celebrates his touchdown run during first half action at the Buffalo Bills divisional game against the Baltimore Ravens at Highmark Stadium in Orchard Park on Jan. 19, 2025. | Tina MacIntyre-Yee/Democrat and Chronicle / USA TODAY NETWORK via Imagn Images

As for how that wealth stacks up against the Pegula family fortune, Allen will need to earn about 22 more contracts of similar value to catch up to the Bills' owner.

RELATED: Bills making serious push to bring future NFL Draft to new Highmark Stadium

Meanwhile, Pegula,who also owns the NHL's Buffalo Sabres, is one of the Top 500 richest individuals on Earth. Carrying a $7.6 billion net worth that was built largely in the natural gas industry, he ranks at No. 418 overall on the 2025 Forbes World’s Billionaires List.

With the new stadium slated to open prior to the 2026 regular season, Allen is expected to be the main attraction for at least the first five years of its operation.

The new Highmark Stadium in Orchard Park on Jan. 12, 2025. | Tina MacIntyre-Yee/Democrat and Chronicle / USA TODAY NETWORK via Imagn Images

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