McNabb due just $3.75M if released

LockeJET · 11-16-2010, 11:42 AM

[url]http://sports.espn.go.com/nfl/news/story?id=5812371[/url]

On Monday, Donovan McNabb and Washington reached agreement on a five-year contract. On Tuesday, the deal's details became public, through a source at the NFL Players Association.

McNabb's five-year extension is worth $70 million and can get to $78.5 million if he is on the active roster for every game in those five seasons. The deal's maximum value is $88.5 million if McNabb leads his team to a Super Bowl victory every year.

But the real question is how much he'll actually earn and whether it will be in Washington.

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.

Boiled down, the deal's real guarantee is $3.5 million, though if McNabb suffered a catastrophic injury this season and never played again, he would receive $25 more million.

Here is how the rest of the full deal breaks down, according to an NFLPA source:

• 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

Borgoguy · 11-16-2010, 11:45 AM

Good. They should send him packing today, we release 'Ol Man Brunell, and sign McNabb as Mark's backup.

Roger Vick · 11-16-2010, 11:46 AM

So, if he is released and picked up by a new team, the new team would have to honor that contract?

And, if he's released and not picked up by a new team, he's SOL?

Wow - it sounded like a good deal for McNabb initially, but at the end of the day it might make him extremely undesireable to both the Redskins and any other team.

No doubt they will release him, or try to trade him.

boxman · 11-16-2010, 01:21 PM

He'll be gone at some point.

JetStream · 11-16-2010, 01:53 PM

[QUOTE=Roger Vick;3821471]So, if he is released and picked up by a new team, the new team would have to honor that contract?

And, if he's released and not picked up by a new team, he's SOL?

Wow - it sounded like a good deal for McNabb initially, but at the end of the day it might make him extremely undesireable to both the Redskins and any other team.

No doubt they will release him, or try to trade him.[/QUOTE]

If he's Released, no, the contract is done...if he was waived and picked up, then the contract is still in play...

Roger Vick · 11-16-2010, 02:01 PM

[QUOTE=JetStream;3821728]If he's Released, no, the contract is done...if he was waived and picked up, then the contract is still in play...[/QUOTE]

OK, gotcha.

I was going to say, he'd be a nice addition this offseason if the Jets could get him at standard back-up QB rates. But, he'll probably command starter money...albeit well below the numbers thrown out there in that contract.

11-16-2010, 11:42 AM	#1
LockeJET pooping, but thinking of you! Hall of Fame Charter JI Member Join Date: May 1999 Posts: 15,960	McNabb due just $3.75M if released [url]http://sports.espn.go.com/nfl/news/story?id=5812371[/url] On Monday, Donovan McNabb and Washington reached agreement on a five-year contract. On Tuesday, the deal's details became public, through a source at the NFL Players Association. McNabb's five-year extension is worth $70 million and can get to $78.5 million if he is on the active roster for every game in those five seasons. The deal's maximum value is $88.5 million if McNabb leads his team to a Super Bowl victory every year. But the real question is how much he'll actually earn and whether it will be in Washington. 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. Boiled down, the deal's real guarantee is $3.5 million, though if McNabb suffered a catastrophic injury this season and never played again, he would receive $25 more million. Here is how the rest of the full deal breaks down, according to an NFLPA source: • 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

11-16-2010, 11:45 AM	#2
Borgoguy Not one image until my posts are restored. Veteran Join Date: Sep 2007 Posts: 1,444	Good. They should send him packing today, we release 'Ol Man Brunell, and sign McNabb as Mark's backup.

11-16-2010, 11:46 AM	#3
Roger Vick Banned Join Date: Sep 2005 Posts: 9,533	So, if he is released and picked up by a new team, the new team would have to honor that contract? And, if he's released and not picked up by a new team, he's SOL? Wow - it sounded like a good deal for McNabb initially, but at the end of the day it might make him extremely undesireable to both the Redskins and any other team. No doubt they will release him, or try to trade him.

11-16-2010, 01:21 PM	#4
boxman GENO! Rookie Join Date: Oct 2007 Location: NJ Posts: 857	He'll be gone at some point.

11-16-2010, 01:53 PM	#5
JetStream All League Join Date: Apr 2003 Location: Floral Park, NY Posts: 2,930	[QUOTE=Roger Vick;3821471]So, if he is released and picked up by a new team, the new team would have to honor that contract? And, if he's released and not picked up by a new team, he's SOL? Wow - it sounded like a good deal for McNabb initially, but at the end of the day it might make him extremely undesireable to both the Redskins and any other team. No doubt they will release him, or try to trade him.[/QUOTE] If he's Released, no, the contract is done...if he was waived and picked up, then the contract is still in play...

11-16-2010, 02:01 PM	#6
Roger Vick Banned Join Date: Sep 2005 Posts: 9,533	[QUOTE=JetStream;3821728]If he's Released, no, the contract is done...if he was waived and picked up, then the contract is still in play...[/QUOTE] OK, gotcha. I was going to say, he'd be a nice addition this offseason if the Jets could get him at standard back-up QB rates. But, he'll probably command starter money...albeit well below the numbers thrown out there in that contract.