Report: Redskins sign McNabb to five-year extension

Donovan McNabb has secured another financial apology.

ESPN’s Michael Smith reports that the Redskins have signed McNabb to a five-year, $78 million extension with a reported $40 million guaranteed.   Yep, the organization just doubled down on McNabb two weeks after benching him for Rex Grossman.

As always, we’ll wait to see the contractual details before knowing the full story.  The final years of the contract are likely meaningless, and we’ve often seen that “guaranteed” money is often anything but when you look closer.

With that out of the way, this clearly a serious and stunning financial commitment from the Redskins.  McNabb will surely be locked in Washington through the 2011 season at a minimum.

McNabb is being paid like a superstar, but he hasn’t played like one.  This contract is a bet that he’s going to improve his play drastically in Mike Shanahan’s offense because he’s been league average at best so far.  We have our doubts McNabb can life the Redskins beyond mediocrity.

We don’t have to wait long to evaluate Dan Snyder’s latest investment.

Starting Monday night, McNabb gets to make the organization look smart for all their faith or foolish for sinking more money into a doomed partnership with Mike Shanahan.

59 responses to “Report: Redskins sign McNabb to five-year extension

  1. And when the Redskins draft a QB in the early rounds of next years draft, everyone will talk about how disrespectful it is to McNabb. Lovely!

  2. This better work, at least he will buy some time while they develop the QB of the future. Who knows who that might be.

  3. Well, he certainly has earned it. Oh wait, no he hasn’t. What has he done this season? His greatest accomplishment is being marginally better than Rex Grossman. That type of talent is definitely worth $78 mill.

  4. Holy Crap.

    In this crazy year, this has to be the craziest story of all.

    I would have put the chances of McNabb signing there at zero, only because there is no number lower.

    This deal is insane for both sides. McNabb has shown clear signs that he is in decline, and Shanny has shown clear signs that McNabb is not his guy.

    And now they gaurantee him 40 Million?

    Holy Crap.

  5. That’s a lot of money for a guy who got pulled for Rex Grossman with the game still on the line.

    This reported transaction has to be the height of passive-aggressive behavior. Does McNabb or his agent have incriminating photos of Dan Snyder and Mike Shanahan?

  6. How can anyone even begin to justify that contract? I guarantee you not even Redskins fans, no matter how crazy/loyal, can’t justify that amount of money… but Dan Snyder can be expecting a thank you note from Peyton Manning and Tom Brady any day now.

  7. Moral of the story – be out of shape, don’t bother to learn how to play a 2minute offense and Skins will pay you.

    Pick up line 3 it’s JaMarcus.

  8. Signing McNabb to a contract won’t magically make the team’s faults disappear. The Redskins need to build the rest of the team up too, and not just expect McNabb to be a magical panacea. Judging from past experience though, they probably won’t.

  9. I’ll be in the minority but I think signing him is a pretty good move. H’e still got lots left in the tank. Now if those are the numbers, then I think the Redskins overpaid but I also think he won’t end up ACTUALLY getting anything close to that.

  10. I just don’t get it at all. Has Shanahan’s ego finally consumed his brain? Has McNabb suddenly lost his mind as well? I would have seen Mcnabb leaving for AZ or Minn, rather than playing for a coach that called him fat and stupid.

  11. So if McNabb can’t run the 2-minute offense, assuming that the Redskins have TOP of about 50/50, he would play 28 minutes/game on average. 16 games per season (unless they make the playoffs….heh)…that’s 448 minutes of play per year. Over 5 years, that’s 2240 minutes of play. So…about $35 grand/minute? He better be able to talk FILTHY for $35k/minute.

  12. Absolutely stunned!!!! This sucks for McNabb but it is smart for him. When Shanahan cuts him he will still get paid.

  13. More proof, “ShanaVan” doing just fine! Oh, and guess what else? This date had been red-circled for 4 months to announce the extension! True story! Wonder why this date?? weird, huh….

  14. Proof that having money does mean you also have brains. See Jerry Jones, Michael Jackson or Charlie Sheen.

  15. just gonna say they should have waited to announce this until after a game they won lol bc if the Eagles stomp them they will look stupid

  16. peterkingisabottom says:
    Nov 15, 2010 3:36 PM
    This better work, at least he will buy some time while they develop the QB of the future. Who knows who that might be.

    —————————————————-

    Buy some time? I thought they were trying to win now? Develop? Who have they ever developed in recent memory? Good luck you moron.

  17. Shan-Na-Rat and boy wonder must have got taken to the woodshed by Snyder and Bruce Allen. That Benching in Detroit with the game still in contention and this add’s up to Dan Snyder telling Shan-Na-Rat and his Boy Wonder Kyle, guess what happens next at the end of the season if you pull that benching McNabb again.

    I’ll hire Tony Dungee, lol.

  18. So they give him a huge contract right before a big game. Is that so he’ll perform? What about next week? That organization has been a joke since Snyder took over. I bet Redskin fans long for the days of Jack Kent Cook.

  19. The timing of this makes no sense, but everything the Redskins do doesn’t make sense. McNabb can’t play much worse, so hopefully the financial security will raise his level of play. The only thing funnier than McNabb’s new contract is the fact that Cowboys fans are still talking trash. I thought Cowboys fans would get sick and tired of hearing about their team with all of the negative publicity, but I guess not. They are 2-7 and the most talked about team in the league. I’m glad that the Cowboys won yesterday; the Giants get knocked off their pedestal and the Cowboys organization actually thinks it has a good coach in Jason Garrett. Make fun of signing McNabb to a long term contract all you want because doing the same with Jason Garrett would be an even bigger mistake.

  20. peterkingisabottom says:
    Nov 15, 2010 3:36 PM
    This better work, at least he will buy some time while they develop the QB of the future. Who knows who that might be.
    =============

    Buy some time? Buy some time? 40 million gauranteed better buy a hell of alot more than that!

  21. Wait, I thought Shanny and McNabb were going to end their relationship after this season??? at least that’s what all the experts were saying, including you Florio! I thought McNabb couldn’t grasp of offense or he wanted out. Nope, none of those DA rumors were true.

  22. oa316ts says:
    Nov 15, 2010 3:44 PM
    How can anyone even begin to justify that contract? I guarantee you not even Redskins fans, no matter how crazy/loyal, can’t justify that amount of money… but Dan Snyder can be expecting a thank you note from Peyton Manning and Tom Brady any day now.

    ————————————————-

    Allow myself to correct, myself… only Peyton Manning will be writing that thank you note since Brady already got his extension…

  23. Why not commit to McNabb?

    After all, who would want Andrew Luck, Ryan Mallet, Cameron Newton, or Jake Locker anyway?

  24. peterkingisabottom says:
    Nov 15, 2010 3:36 PM

    This better work, at least he will buy some time while they develop the QB of the future. Who knows who that might be.
    =============

    Well, some time for Rex Grossman to develop. Except for, you know, the two minute drill thing that he already has down … and the cardio-vascular stuff. He’s aces in that.

  25. Nothing changes for this franchise and as a fan for over 35 years, it pains me. It was bad enough that they signed Shanahan as coach and traded for McNabb, but to reward him for being less than average is inexcusable. One step forward (Allen), two steps back (Shanahan and McNabb).

  26. Incredible. Just when you thought they were gonna get rid of him, they surpirise us all and laughingly give him a FIVE YEAR EXTENSION! Holy crap what a horrible decision!

  27. Look, I like McNabb, and I always felt he wasn’t treated well by the Philly fans for what he did for the Eagles.

    But this is ridiculous. No way I’d spend that much guaranteed money on a guy with an injury history like his, and already in the twilight of his career.

  28. #
    demolition510 says: Nov 15, 2010 3:45 PM

    Moral of the story – be out of shape, don’t bother to learn how to play a 2minute offense and Skins will pay you.

    Pick up line 3 it’s JaMarcus.
    ——————————————————
    It’s JaBustus. He is too lazy and too sorry to be worthy of being called JaMarcus….LOL

  29. In my view, Donovan McNabb’s reported five-year, $78 million extension makes about as much sense as the seven-year, $100 million deal with Albert Haynesworth.

    Ask yourself a question: Would the New England Patriots have made either of these deals with McNabb or Haynesworth? And that explains, in part at least, why some franchises are managed better than others.

  30. Whew… I guess I don’t have to worry about my Vikings signing him in the offseason. Rather play with clutz T. Jackson

  31. in the words of dan lebatard:

    WELCOME TO ANOTHER 10 YEARS OF IRRELEVANCE!!!!

    seriously how does nobody see this? hes average at best and hes getting paid almost as much as brady. its hilarious, better than seinfeld, for philadelphia to just watch this. and the series is only getting better as this contract promises that washington is wasting this kind of money to ensure that they dont get any better for at least the next 5 years, my guess is another 10. keep up the good work, snyder

  32. This contract is nothing but bi-polar behaviour from a confused overrated coach and “whatever you say pops” son, and a mini me Jerry Jones egotistical owner who has absolutely no clue how to build a foundation critical to success.

    You basically just called Donovan McTurtle fat and stupid….and embarrasssed a class act in this league.

    This is like beating the snot out of your girlfriend, then making excuses after public outcry, then asking her the next day to marry her.

    These jokers of an organization must’ve recently had a group hug while molding some pottery with Cooley.

  33. Are you sure Snyder didn’t buy the right to sell McRibs in the stadium, because that would make more sense.

  34. If it doesn’t work out with Shanahan, I am sure Andy Reid would be happy to coach him again. Then next year they can look as bad as the cowgirls!!!

  35. I like it for the Deadskins, if they can keep McNugget in shape & get some talent around him. Other than T.O., he has never had good WR’s to throw too. Still, throughout the years, the guys has found ways to win games. The #’s arent always good, but he gets W’s

  36. This makes no sense at all… They bench him, then sign him to a huge contract… Umm ok, I am officialy confused.

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