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Restructured Deal for McNabb Done

The rumored raise for QB Donovan McNabb is finally done. McNabb and the Eagles have agreed to restructure the final two years of his contract. McNabb’s new deal is worth $24.5 million over the next two seasons, a person familiar with the negotiations told The Associated Press.

The report says that a “significant” portion of McNabb’s base salary for 2010 also is guaranteed. While signing bonuses are guaranteed in NFL contracts, base salaries usually are not. The five-time Pro Bowl quarterback was due to make $19.2 million over the next two seasons.

The team made the official announcement of the deal Thursday night. “The Philadelphia Eagles organization and the entire city of Philadelphia are fortunate to have a quarterback the caliber of Donovan McNabb,” 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.”

“We are thrilled that this all worked out,” team president Joe Banner said. “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.”

McNabb, who is entering his 11th season with the Eagles, is the franchise’s all-time leader in several categories, including passing yards (29,320) and touchdown passes (194). He also has led the team to the playoffs seven times, best in team history.

“Donovan has played a large part of this team’s success over the last 10 years,” Eagles chairman Jeffrey Lurie said. “He has been a professional in every sense of the word.”

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One Response to “Restructured Deal for McNabb Done”

  1. Adam Loumeau says:

    I know he gets a lot of heat but I am glad McNabb got paid.

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