The Eagles announced Thursday that Kolb has signed a one-year contract extension through 2011. Scout’s Adam Caplan first reported the deal, and says it includes “roughly” $12.26 million guaranteed.
We’ll be interested to see how much total money is in the deal. We suspect nearly all of it is guaranteed, because it’s hard to imagine Kolb making much more than $6 million per year.
The deal’s length is no surprise; Florio predicted a short-term band aid contract last month. The “30 percent” rule made a longer deal impossible.
We think the short deal has practical benefits for the Eagles. They get to see if Kolb is truly a franchise quarterback before forking over huge dollars. A nice deal for both sides.
UPDATE: ESPN’s Adam Schefter says the whole deal is $12.25 million. All of it is guaranteed.