McNabb restructured final 2 years a done deal. 10am PC tomorrow. Just a raise and more guaranteed money, no extra years yet. D Gunn broke story 1st.
CSN Phila link
Schwartz: Eagles Rework End of McNabb's Deal
Donovan McNabb and the Eagles have agreed to rework the final two years of his contract. (Getty)
Thursday, June 11, 2009
By Andy Schwartz
CSNPhilly.com
The suspense and speculation is over.
Finally.
As first reported by CSN’s Derrick Gunn, the Eagles and Donovan McNabb have restructured the final two years of his contract. McNabb’s contract will still expire in 2010.
McNabb was scheduled to earn $9.2 million this season and $10 million in 2010. This new deal likely guarantees some if not all of that amount.
“We are thrilled that this all worked out,” Eagles president Joe Banner said in a statement. “He is a great football player, a great person, and someone who gives back to the community. We are lucky to have him in Philadelphia.”
As Gunn reported last week, the two sides had been discussing an extension before agreeing to focus on reworking the final two years of the 12-year, $115 million extension he signed in 2002. That extension initially expired in 2013, but McNabb voided the final three years by reaching certain incentive clauses.
Now his deal expires at the same time as backup Kevin Kolb’s. Kolb, a second-round pick in 2007, has two seasons left on his four-year contract.
Earlier this offseason, the 32-year-old McNabb purportedly indicated he wouldn’t negotiate a new deal until he evaluated the moves the team made in the offseason. Apparently, he's satisfied, although he has yet to hold a press conference this offseason to discuss the matter. That will change Friday, as the five-time Pro Bowler is scheduled to meet the media at 10 a.m.
"The Philadelphia Eagles organization and the entire city of Philadelphia are fortunate to have a quarterback the caliber of Donovan McNabb," head coach Andy Reid said in a statement. "He has proven himself to be a talented player on the field, a caring member of the Philadelphia community, and a winner."
Among active quarterbacks with at least 100 starts, McNabb trails only Tom Brady and Peyton Manning with a 64.5 winning percentage. Last season, his 10th in the league, McNabb completed 345 of 571 pass attempts for 3,916 yards – all team records – as the Eagles set a new franchise record by scoring 416 points.
“Some quarterbacks can go on, and it seems like forever,” offensive coordinator Marty Mornhinweg said last week. “I think he’s right in the middle of his prime.”
McNabb's 2.16 career touchdown/interception ratio trails only Brady and Steve Young. McNabb has thrown an interception in 2.09 percent of his attempts, the lowest mark in league history among quarterbacks with at least 1,500 attempts.
With 3,109 yards rushing, the five-time Pro Bowler is also one of six players in league history to throw for over 25,000 yards and run for over 3,000. (Randall Cunningham leads the six in rushing yards with 4,298).
In the NFC Championship loss to Arizona, McNabb threw for 375 yards, a playoff career high, to surpass Steve Young and move into 10th place in league history with 3,522 career passing yards in the postseason.
“[He’s] right in the middle of an outstanding career,” Mornhinweg said. “I think one day he will most likely be elected to the Hall of Fame. He’s got some more work to do to do that. I think he has been and will play at a high level for quite some time.”
On the other hand, McNabb has completed only 58.9 percent of his career pass attempts, lower than such non-Hall of Fame caliber QBs as Damon Huard, David Carr, Jason Campbell and J.P. Losman.
Nevertheless, McNabb has recorded more regular season victories (82) and playoff wins (seven) than any other quarterback in team history.