McNabb signs extension....5 years - $78 million

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Post by The Hogster »

frankcal20 wrote:This contract is not a straight deal. Lets look at the structure and then judge it.

Also, I would be shocked if there is a work stoppage. Its not any good for anyone.


Agreed. We need to know more about the structure of the deal to determine what it really is. The actual term will be closer to 3 years, as most NFL Contracts are structured as a series of one year contracts, with the last 1-2 years being totally moot.

Additionally, the term "guaranteed" is a misnomer in NFL contracts. Salary and certain bonuses can be guaranteed against (i) injury and/or (ii) skill and performance. That is the language that the deals contain. But, the money does not become guaranteed until certain periods in the "league year." Contracts commonly use the "third day of the 20__ league year" as a condition of the money due in that year becoming guaranteed.

So, what you wind up having is a player who gets say a 10 million dollar bonus and a Salary of 2 million in Year One. If that player is on the roster after the 3rd day of the next league year, then that year's compensation becomes "guaranteed" against injury, skill and performance. The contracts generally then have increasing base salary figures and declining bonus figures. That way a team who believes a player is in decline can cut the player in say year 3 or 4 before the third day of the new league year.

10 Million per year is pretty standard for a starting, veteran QB. Actually, some high 1st round QBs actually make more than that. So, what I think this means more than anything else is that (i) we will likely have McNabb for 3 seasons max, and (ii) we will likely not draft a 1st round QB to replace him. Having 2 $10M QBs on the roster is highly improbable.
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Post by PulpExposure »

I'm stunned by this. I mean, considering the shenanigans that have gone I should no longer remain stunned by anything the Redskins do anymore, but...well...I actually am stunned.

One, that the Redskins would sign a 34 year old, injury prone QB to a 5 year deal. And give him $40 million guaranteed as a part of it.

Second, that McNabb would WANT to sign with the Redskins, after his head coach publicly called him all but fat, lazy and stupid. Good lord.
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Post by 1niksder »

"Parameters of Donovan McNabb's deal were agreed to in OCTOBER. He took same deal on table since then. No negotiations today. None".@Adam Schefter.






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Post by Irn-Bru »

Does the fact that there likely won't be football next year play into this? I could see this being a way of securing McNabb while the team looks at its options over what is essentially two years.
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Post by 1niksder »

Irn-Bru wrote:Does the fact that there likely won't be football next year play into this? I could see this being a way of securing McNabb while the team looks at its options over what is essentially two years.


Haven't seen all the details but I'm sure it's got voidable years or may even be 5 one year deals :shock:

Because they did it now a lot of that $40 mil will count this year and won't hurt any future cap if there is a cap. It also allows them to focus on some of the other many, many, many holes they have to fill this upcoming off season.

I can't see him more than 3 more years
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Post by PAPDOG67 »

Out of all the older FA signings we've had, this one might be the worst. McNabb has done absolutely nothing to earn this contract. He just hasn't been a very good QB this season.
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Post by CanesSkins26 »

Second, that McNabb would WANT to sign with the Redskins, after his head coach publicly called him all but fat, lazy and stupid. Good lord.


Nobody else was going to offer him this kind of money, especially if there is a lockout next season. With the lockout, he was looking at the possibility of being a 35-year old free agent looking for a contract in 2012. From his perspective I think this was a no-brainer.
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Post by Wahoo McDaniels »

SAP_Pete wrote:Beats the crap out of signing a new stop-gap veteran QB for more draft picks. I couldn't care less how many millions DS spends.


Isn't that what McNabb was? A stop gap measure until we got someone good...costing 2 picks to get him?

My head just exploded. He's in the lower 20% in every category and we sign him to a contract like this. Sure $40M is guaranteed, but that's just the signing bonus. I guarantee there is money to be earned in the first two years of the contract (i.e. non-guaranteed money) north of $4M per year.

So, congratulations, Skins. You just signed a QB on the decline, who you just benched in your last game to a contract in which you will most likely pay $12M per year before dead money comes into play. For comparison, Tom Brady signed a four-year contract worth $72M/$48M guaranteed just a few months ago.

I said it before, are you convinced that this player is worthy of a contract paying him in the neighborhood of the Top 5 QBs? Everyone said I was nuts, nobody in their right minds would commit to it.

Welcome to the team that would do it.

I'm off to the game, so I can watch him underperform....again.
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Post by TeeterSalad »

I like this deal actually; I trust that there are "football people" in this organization that know what they are doing. There was no point in trading for McNabb if they didn't plan on getting him a deal like this. Especially after this team has bought into McNabb as a player and especially as their leader.
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Post by langleyparkjoe »

Like I said before the season starts, its about RIGHT NOW, not the future...and I'm all for it. I want another ring RIGHT NOW and we have the money to spend for now. Hopefully the other pieces will fall into place with free agency and the draft. Mcnugget gives us the best chance of getting another ring RIGHT NOW compared to bringing in a rookie/unknown qb with this horrible OL. I'd rather have a vet like Mcnugget who knows how to get out of those situations and at least launch it down the field like the top rated qbs do. So in conclusion, I'm ok with the signing because I want a ring RIGHT NOW... in dalass stadium 8)

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Post by Deadskins »

The Hogster wrote:10 Million per year is pretty standard for a starting, veteran QB. Actually, some high 1st round QBs actually make more than that. So, what I think this means more than anything else is that (i) we will likely have McNabb for 3 seasons max, and (ii) we will likely not draft a 1st round QB to replace him. Having 2 $10M QBs on the roster is highly improbable.

There will almost certainly be a rookie salary cap/wage scale in the next CBA, so we should not have to pay $10M for our next QB.
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Post by KazooSkinsFan »

VetSkinsFan wrote:
RedskinsFreak wrote:I doubt it's a "we think he'll be our QB for 5 more years" contract.

Three is probably more like it.

But it's another head-scratcher from an organization that swore it was changing it's ways.

This don't fit with that.


With $40M guaranteed, it's still $13M+ for 3 years. It's still a lot of money GUARANTEED for a 34 (later this month) QB.

You can't do the math like that. AH again was really $42 million and it was back loaded, not front loaded. Let's wait to see the structure, then argue it
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Post by REDEEMEDSKIN »

Could this signing be another sign of Shanahan's reactionary nature? :lol:

I'm cool with it. Now it's up to McNabb to live up to it.

He's now officially a Redskin in my book. :up:
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Post by KazooSkinsFan »

REDEEMEDSKIN wrote:He's now officially a Redskin in my book. :up:

Well put, I agree. I don't get the kvetching from a bunch of people who haven't even seen the terms yet.
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Post by dlc »

REDEEMEDSKIN wrote:Could this signing be another sign of Shanahan's reactionary nature? :lol:

I'm cool with it. Now it's up to McNabb to live up to it.

He's now officially a Redskin in my book. :up:


Outside of Redskins fans, most people probably think McNabb's problems have to do more with the team and the drama that comes with it than his ability. You add that many teams are desperate to solve their QB woes, DM was the class of the QB FA market for next year. When some people think it's too much and others are ok with it, he probably got the better end of the deal but definitely not an obvious mistake.

Why did he get the better end of the deal? Maybe, the fallout from the Detroit game probably had a lot to do with this. So I agree with those that said DM and the regime moved on, but this contract was probably a requirement for McNabb to do so.
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Post by Skinsfan55 »

You know, everyone makes a big deal about McNabb being successful with average receivers. It's true, he did a lot with a little.

But you know what McNabb always had? AN OFFENSIVE LINE!

In 2002 the Philadelphia Eagles had THREE Pro-Bowl offensive linemen! Right Tackle Jon Runyan started EVERY GAME FOR NINE YEARS. RG Jermane Mayberry was a star. C Hank Fraley was a stud. RG Shawn Andrews had two unbelievable years. Jamaal Jackson was an elite center. Tackles Jason Peters, Winston Justice... even guard Todd Herremans was a good player.

I didn't even get to the best player! For most of his career McNabb had LT Tra Thomas on his blind side... a three time Pro Bowler!

Donovan McNabb's decision making skills are questionable enough when he has time to think... with a man in his face, when he's constantly eluding one pass rusher only to have another one in his face? He doesn't stand a chance.
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Post by chiefhog44 »

it's being reported that it is 10 mil guaranteed on MNF, so let's hold off on the redicule until then. Then the Negative Nancy's can bash the team
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Post by die cowboys die »

even if his guaranteed money was 15 bucks, that's 15 wasted bucks. McNabb is a pile of garbage. he's a 12 year vet whose decision-making is as bad as a rookie-- no, actually that would be an insult to Sam Bradford and other rookie quarterbacks who have been far better.

i know the o-line is bad, but McNabb is just murdering us. (am i suggesting that Grossman would be better? no. but McNabb is absolutely not the answer).
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Post by SAP_Pete »

die cowboys die wrote:even if his guaranteed money was 15 bucks, that's 15 wasted bucks. McNabb is a pile of garbage. he's a 12 year vet whose decision-making is as bad as a rookie-- no, actually that would be an insult to Sam Bradford and other rookie quarterbacks who have been far better.

i know the o-line is bad, but McNabb is just murdering us. (am i suggesting that Grossman would be better? no. but McNabb is absolutely not the answer).


Iggles offense putting up 600 yards is "McNabb mudering us" ? LOL
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Post by mastdark81 »

I don't like this deal. I say we should have waited until after the season, franchise him (what 34 yr old quarterback going to hold out?) and either keep him for a year or if he doesn't progress this year trade him for picks.

Contract is probably backloaded but once again assuming there will be a salary cap in years to come, this move hurts our future even MORE.

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Post by Wahoo McDaniels »

TeeterSalad wrote:I like this deal actually; I trust that there are "football people" in this organization that know what they are doing. There was no point in trading for McNabb if they didn't plan on getting him a deal like this. Especially after this team has bought into McNabb as a player and especially as their leader.


Did you watch the game tonight? I guarantee there's not a "football person" in that organization who has any idea what they're doing.

BTW, I was at the game and I saw what an $80M quarterback looked like....too bad the Skins were playing against him.
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Post by HEROHAMO »

Good deal. Mcnabb is not the problem. We have plenty of holes to fill. Now we don't have to worry about QB.

Now for the next two years we can just focus on other positions. Oline, defensive line and receivers. Fill those spots and we should have all the holes filled.
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Post by mastdark81 »

TeeterSalad wrote:I like this deal actually; I trust that there are "football people" in this organization that know what they are doing. There was no point in trading for McNabb if they didn't plan on getting him a deal like this. Especially after this team has bought into McNabb as a player and especially as their leader.


Stop with this leadership crap....Where was his leadership today.
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Post by SkinsJock »

CONGRATULATIONS to both McNabb and the FO - great deal :up:


I'm glad that they signed McNabb - now we don't have to worry about that position for a while

we have so many issues and this guy will show that he's a big help to our offense and the future QB's here










sorry to all those who don't think it's a good move - it is what it is - ENJOY IT :lol:
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Post by Deadskins »

mastdark81 wrote:I don't like this deal. I say we should have waited until after the season, franchise him (what 34 yr old quarterback going to hold out?) and either keep him for a year or if he doesn't progress this year trade him for picks.

Contract is probably backloaded but once again assuming there will be a salary cap in years to come, this move hurts our future even MORE.

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Again, franchishing him means giving him the average of the top 5 QB salaries in the league. that would make any trade deal impossible. And from what was reported on ESPN last night, the guaranteed money is a yearly thing, so only 10 million the first year.
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