McNabb gets $78 million, 40 guaranteed

[Catch 8]

http://twitter.com/MrMichael_Smith/statuses/4267471787790336

5 years. $78 million. $40 million guaranteed. 34-year-old quarterback. Wow. Just wow.

[The Wedge]

One the coach benched for a variety of "wtf?" reasons before a 2 minute drill, at that.

[backwardsk]

The Redskins prove once again that they are a racist organization. :rolleyes:

I wonder how the guaranteed portion works if they don't have a season next year.

I like this move.

[Frobby]

Imagine how much they'd pay the guy if he could run the 2-minute drill.

[Tony-OH]

Snyder must know something that his own coach doesn't know.

[ChrisAF79]

Only the Redskins...

[Scrat1]

Talk about a wildcard.

[ADAMWD_OsRavens]

I wonder how many years of that contract he'll see in a Redskins uniform.

[allstar1579]

I wonder how many years of that contract he'll see in a Redskins uniform.

Yeah I'm waiting to hear the details. Early rumors are that there are either voidable years, or one of those tricky contracts that looks guaranteed but really isn't. Like Haynesworth's was for $100m, but they could have cut him before the $21m payment and it would have been much less.

[backwardsk]

Yeah I'm waiting to hear the details. Early rumors are that there are either voidable years, or one of those tricky contracts that looks guaranteed but really isn't. Like Haynesworth's was for $100m, but they could have cut him before the $21m payment and it would have been much less.

That's exactly right. The pre-game just had a cap expert on there, and I only caught the tail-end. Bottom line is that even the $40mm is conditional. One thing I don't worry about when it comes to the Redskins, is that they spend to the point that they can't go out and get what they want. Sure they get the wrong guys a lot, but McNabb's a guy you need, imo. Now we won't have to hear about how they are going to lose him to Minnesota or Arizona.

[Sports Guy]

Mortenson was saying that really only 10-12 million is guaranteed and that they can get out of the rest of it as soon as next year.

Also, this deal has apparently been on the table since before the last Philly game...according to Shefter.

[ThisIsOurHouse]

This is truly the most head scratching move of the year. They go from benching the guy to giving him a nice contract. I have no problems with McNabb with McNabb, I still think he is one of the better qb's in the league its just the Skins turn their priorities so fast. If they are going to do this they need to build around him, starting with the line.

[backwardsk]

Mortenson was saying that really only 10-12 million is guaranteed and that they can get out of the rest of it as soon as next year.

Also, this deal has apparently been on the table since before the last Philly game...according to Shefter.

McNabb has said multiple times on his weekly radio show that he was coming back to Washington next season.

[olehippi]

IMO, this is borderline insane. Just proves that members of Congress aren't the only ones in Washington that like to throw money away.

[backwardsk]

IMO, this is borderline insane. Just proves that members of Congress aren't the only ones in Washington that like to throw money away.

Who would you get to be quarterback next season? Tyler Thigpen?

[Dr. FLK]

IMO, this is borderline insane. Just proves that members of Congress aren't the only ones in Washington that like to throw money away.

Only 10-12 mil is guaranteed. It's actually a pretty reasonable/smart contract. The 78 mil number that gets thrown around is nothing more than "Agent speak".

[Miller192]

I'd like to see a breakdown of the contract.

I want to see how 30 million guaranteed might not be. I'm assuming it's a option or roster bonus.

[JDubs]

Per ESPN: (http://sports.espn.go.com/nfl/news/story?id=5812371)


• 2010: $3.5 million signing bonus/$250,000 if active eight games

• 2011: $10 million option bonus/$2.5 million salary/$750,000 if active 16 games/$250,000 workout/$2 million possible playoff incentives

• 2012: $12.75 million salary/$750,000 if active 16 games/$250,000 workout/$2 million possible playoff incentives

• 2013: $13 million salary/$1.5 million if active 16 games/$250,000 workout/$2 million possible playoff incentives

• 2014: $13.75 million salary/$3 million if active 16 games/$250,000 workout/$2 million possible playoff incentives

• 2015: $13.55 million salary/$2.25 million if active 16 games/$250,000 workout/$2 million possible playoff incentives

I'm even more in favor of this deal after seeing the structure.

[CrimsonTribe]

Per ESPN: (http://sports.espn.go.com/nfl/news/story?id=5812371)



I'm even more in favor of this deal after seeing the structure.

This being the most important part:


One of the contract's most significant points is a payment due this offseason, when the Redskins must decide whether or not to pay McNabb a $10 million option bonus. If they do, it would trigger the rest of the contract and make Washington liable for McNabb's $2.5 million base salary in 2011.

So in essence, the Redskins paid McNabb $3.75 million in 2010 for the right to pay him $12.5 million in 2011 and control his rights. If the Redskins cut him after this season or trade him, they are only on the hook for the $3.75 million.

[JDubs]

This is truly the most head scratching move of the year. They go from benching the guy to giving him a nice contract. I have no problems with McNabb with McNabb, I still think he is one of the better qb's in the league its just the Skins turn their priorities so fast. If they are going to do this they need to build around him, starting with the line.

Truthfully, I don't think there are 'changes' in priority so much as too many people in power who have conflicting priorities. Too may chiefs in the teepee, per usual.

[JDubs]

Imagine how much they'd pay the guy if he could run the 2-minute drill.


Only the Redskins...


IMO, this is borderline insane. Just proves that members of Congress aren't the only ones in Washington that like to throw money away.


Things don't seem to be changing in DC, that's for sure.


Wow. Another bad signing for the Skins. They just don't seem to learn from their mistakes.

[blah blah blah]

Just...wow.

This signing reeks of Danny Boy still being in control.

http://chzupnextinsports.files.wordpress.com/2010/09/funny-sports-pictures-haters-gonna-hate.jpg
[Courtesy of upnextinsports.com]

[JDubs]

This being the most important part:

That's how I read it as well. That being said, I'd still be pretty disappointed if they did not keep him on for at least another year considering the costly draft picks we invested in bringing him in. If we do cut him after this season, it will be because he completely and utterly failed to fill the position...which is entirely possible.

[CrimsonTribe]

That's how I read it as well. That being said, I'd still be pretty disappointed if they did not keep him on for at least another year considering the costly draft picks we invested in bringing him in. If we do cut him after this season, it will be because he completely and utterly failed to fill the position...which is entirely possible.

Really, it just delays the decision over whether to keep him until the offseason. The Redskins can opt to not pay the roster bonus and renegotiate then. Not to mention that it appears that all of the money other than the $10 mil option bonus in 2011 is non-guaranteed base salary and roster bonuses based on him not missing games.

So essentially, this is a really good contract for the Redskins and not the abomination that everyone assumed.

[CrimsonTribe]

On a side note, I'd love to know where ESPN got the initial numbers they reported on. I'm sure they won't be held accountable at all, but since they've issued both reports, it would be great to see them try to reconcile the numbers.

[Miller192]

After seeing the breakdown, that's a pretty good deal for both sides.

You can assume it's a 2 year deal and forget about any salary after next year. The Redskins will option that money when the time comes making it more manageable for them. That's if they keep McNabb after next season.

So he'll get around 17MM if the Skins don't make the playoffs next year. That's a year and a half for what they truthfully will be on the hook for. They can then start the process of finding his replacement without having to worry about being anchored to him.

McNabb gets the benefit of having future guaranteed money coming to him (he's not getting that salary) if the Redskins keep him. If not, he can get a new deal from the Panthers and make out very nicely over the next three years.

No one is really married to anyone here. Good deal for both sides.

[Crazysilver03]

http://chzupnextinsports.files.wordpress.com/2010/09/funny-sports-pictures-haters-gonna-hate.jpg
[Courtesy of upnextinsports.com]

Why must it be a Cowboy's board? Are posters not allowed to not be homers?

[JDubs]

Why must it be a Cowboy's board? Are posters not allowed to not be homers?

Implying there is a reason Ravens fans should hate the Redskins? I didn't see any comments about the 'home' team whatsoever.

[OrioleMagic]

I wonder what kind of trade value McNabb will have in the off-season.

[Crazysilver03]

Implying there is a reason Ravens fans should hate the Redskins? I didn't see any comments about the 'home' team whatsoever.

I don't follow your logic at all.

[GMU Orioles Fan]

I think they overpaid.

[olehippi]

Only 10-12 mil is guaranteed. It's actually a pretty reasonable/smart contract. The 78 mil number that gets thrown around is nothing more than "Agent speak".

If this is true, I agree. But the original report I saw - the opening thread - and what I based my comment on, was that $40M was guaranteed.....which would be insane.