McNabb Signs a New Contract

PHILADELPHIA, June 12 (UPI) — Philadelphia Eagles quarterback Donovan McNabb has agreed to a restructured contract with $24.5 million guaranteed, his agent said.

The deal was announced Friday at a news conference attended by Coach Andy Reid.

McNabb agent Fletcher Smith told the Philadelphia Inquirer the deal makes his client one of the highest paid quarterbacks in the NFL.

McNabb signed a 12-year contract in 2002, but had the final three seasons voided after incentive clauses were reached with the restructured deal.

"The Philadelphia Eagles organization and the entire city of Philadelphia are fortunate to have a quarterback the caliber of Donovan McNabb," Reid said on the team’s Web site.

"It was appropriate to make some adjustments so that he was rewarded commensurate with the way he plays," team President Joe Banner told the newspaper.

 

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