Donovan McNabb Agrees To Contract Extension With Redskins For Five Years, $78 Million

When Donovan McNabb signed what was reported to be a five-year, $78 million contract extension that includes $40 million guaranteed, many people wanted to know how the contract really breaks down. Often times the first leak of a contract comes from the player's camp and the numbers are inflated. That's sort of the situation with McNabb.

He has a legitimate chance to earn that guaranteed money but we won't really know until after 2010. ESPN's Adam Schefter reports some details of McNabb's extension.

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.

But if they don't pick up that option, the Redskins would only owe McNabb his 2010 money. As SB Nation DC notes, that's hardly the same as the $40 million guaranteed we originally heard.

What this comes down to is that 2010 is still a make or break year for McNabb. He's going through a very average season so the Redskins will have a very difficult decision to make following the season.

Check out SB Nation DC and Hogs Haven for more on the deal.

Washington Redskins general manager Bruce Allen appeared on a team-owned local sports station for an interview regarding the recently signed five-year contract extension offered to quarterback Donovan McNabb.

In the interview, Allen declined to offer specifics on the terms of extension, but revealed some other details about the process. As was previously reported, Allen confirmed that the contract process has been ongoing "for some time."

"I think Coach [Mike Shanahan] and myself said that Donovan's going to be here from the beginning, and Donovan has been real clear in his intent of being a Redskin," Allen said. "So I think it just puts [an] exclamation point on it and now we can focus on the Eagles."

"When we made the trade for him, we understood what we were getting in Donovan. We're pleased with the leadership that he brings and we believe he can help us win."

So the team is obviously sending a message both vocally and financially that regardless of what happened in Detroit, there is no quarterback controversy in D.C.

The Washington Redskins on Monday reportedly agreed to a five-year contract extension with QB Donovan McNabb. There was some debate as to whether the two sides would agree to a deal but, according to ESPN's Adam Schefter, there's should not have been.

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

It's unclear exactly when in October the original deal was offered but McNabb's camp may have realized this was the best deal they would get because his performance in October was hardly inspiring. It was probably best for McNabb to agree to a deal sooner rather than later because any significant injury would have cost him millions at the negotiating table.

It's also somewhat surprising, as SB Nation DC notes, that a deal had been in the works this long considering many in the DC area didn't think it was a sure thing McNabb would return in 2011.

McNabb turns 34 later this month and the extension he signed was for five years and $78 million with $40 million guaranteed.

Check out SB Nation DC and Hogs Haven for more on the Donovan McNabb contract extension.