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Re: McNabb signs 5 yr, $78 million extension
McNabb's deal includes a $3.5 million signing bonus, paid in 2010, bringing his total compensation this season to $14.7 million. But it also has a provision that would allow the Redskins to release him after this season and get out of the contract.
It's virtually certain the Redskins will not release McNabb for several reasons -- they have no other starting-caliber quarterbacks, there could be a long lockout in 2011, they're already the oldest team in the NFL (so developing a young QB would be difficult) and they just gave McNabb $3.5 million in new money when they didn't have to do a thing.
If/when McNabb is on the roster at the start of 2011, he will get a $10 million option bonus. McNabb also has a $2.5 million salary in 2011 and $750,000 roster bonus. So he would make $13.25 million in 2011. In 2012 he has a $12.75 million base salary and $750,000 roster bonus, for a total of $13.5 million.
McNabb's salaries in 2011 through 2014 are guaranteed for injury, for a total of $35 million (which, combined with the $3.5 million signing bonus, yields the total of $38 million-plus guaranteed). The contract is not guaranteed for skill, however, other than on a yearly basis, as has been the case in many recent extensions.
The greatest likelihood, given McNabb's age (34) and the Redskins' quarterback situation, is he ends up playing in Washington at least through 2012, in which case he will have been paid $41.5 million for three seasons, for an average of almost $14 million per season.
McNabb's deal includes a $3.5 million signing bonus, paid in 2010, bringing his total compensation this season to $14.7 million. But it also has a provision that would allow the Redskins to release him after this season and get out of the contract.
It's virtually certain the Redskins will not release McNabb for several reasons -- they have no other starting-caliber quarterbacks, there could be a long lockout in 2011, they're already the oldest team in the NFL (so developing a young QB would be difficult) and they just gave McNabb $3.5 million in new money when they didn't have to do a thing.
If/when McNabb is on the roster at the start of 2011, he will get a $10 million option bonus. McNabb also has a $2.5 million salary in 2011 and $750,000 roster bonus. So he would make $13.25 million in 2011. In 2012 he has a $12.75 million base salary and $750,000 roster bonus, for a total of $13.5 million.
McNabb's salaries in 2011 through 2014 are guaranteed for injury, for a total of $35 million (which, combined with the $3.5 million signing bonus, yields the total of $38 million-plus guaranteed). The contract is not guaranteed for skill, however, other than on a yearly basis, as has been the case in many recent extensions.
The greatest likelihood, given McNabb's age (34) and the Redskins' quarterback situation, is he ends up playing in Washington at least through 2012, in which case he will have been paid $41.5 million for three seasons, for an average of almost $14 million per season.
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