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The Washington Redskins and quarterback Donovan McNabb have agreed to five-year contract extension, reports NFL Network insider Jason La Canfora, citing a league source.
The deal, which locks in McNabb until 2015, includes $40 million guaranteed and could be worth up to a maximum of $88 million, including $10 million in incentives. The deal averages $15.5 million per season, according to the source.
McNabb's agent, Fletcher Smith, confirmed the deal to the Washington Post.
"We're very happy about the situation," Smith said. "We've been working on this for a while now, and we're obviously glad to get it done. Donovan's very happy about the situation because this is where he wanted to be all along."
McNabb was traded to the Redskins from the Philadelphia Eagles on April 4.
The extension comes just two weeks after Redskins coach Mike Shanahan benched McNabb for the final two possessions of the Redskins' 37-25 loss to the Detroit Lions on Oct. 31. Shanahan said Rex Grossman was more comfortable with the team's 2-minute offense.
Through eight games this season, McNabb, a six-time Pro Bowler, has posted a 76.0 passer rating -- his lowest since 1999 when Philadelphia drafted him No. 2 overall and he started six games. He has seven touchdowns, eight inteceptions to go with 1,971 passing yards.
The Associated Press contributed to this report.
The deal, which locks in McNabb until 2015, includes $40 million guaranteed and could be worth up to a maximum of $88 million, including $10 million in incentives. The deal averages $15.5 million per season, according to the source.
McNabb's agent, Fletcher Smith, confirmed the deal to the Washington Post.
"We're very happy about the situation," Smith said. "We've been working on this for a while now, and we're obviously glad to get it done. Donovan's very happy about the situation because this is where he wanted to be all along."
McNabb was traded to the Redskins from the Philadelphia Eagles on April 4.
The extension comes just two weeks after Redskins coach Mike Shanahan benched McNabb for the final two possessions of the Redskins' 37-25 loss to the Detroit Lions on Oct. 31. Shanahan said Rex Grossman was more comfortable with the team's 2-minute offense.
Through eight games this season, McNabb, a six-time Pro Bowler, has posted a 76.0 passer rating -- his lowest since 1999 when Philadelphia drafted him No. 2 overall and he started six games. He has seven touchdowns, eight inteceptions to go with 1,971 passing yards.
The Associated Press contributed to this report.
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