Kolb gets contract extension

Millz

LGB
Staff member
V.I.P.
#1
Probably a smart move to lock him up and see what you have!

Kevin Kolb and the Eagles have agreed to a one-year contract extension through the 2011 season, the team announced today.

The fourth-year quarterback is set to earn a guaranteed $12.26 million, most of it in the form of a roster bonus, according to a league source.

A message left with Kolb's agent, Jeff Nalley, was not returned immediately.

“We’re happy to have Kevin under contract for the next two seasons,” Eagles coach Andy Reid said in a statement. “When given the chance, Kevin has proven to have good command of this offense and we’re looking forward to having him operate as the number one quarterback for the Philadelphia Eagles.”

Added Eagles general manager Howie Roseman, “We’re excited about what we’ve seen from Kevin during his three seasons in Philadelphia both on and off the field. We’re happy to get this contract in place for the near future and are looking forward to keeping Kevin in Philadelphia for many more years to come.”

Kolb was named the Eagles starter on Easter Sunday, April 4, the day the team traded Donovan McNabb to the Redskins. There had been reports that the Eagles and Kolb's camp were in discussions about a long-term extension, but that was unlikely. The NFL's 30-percent rule doesn't allow for players playing in their rookie deals to get a raise in their next contract of more than 30 percent of their base salary.

Kolb's base salary this season is $550,000, and with a roster bonus he was set to earn $1.3 million. The 30-percent rule and the league's collective bargaining agreement had just as much to do with Kolb not getting a multi-year extension, according to a team source. The CBA is up next March and there remains a very real threat of a possible work stoppage.

Said Eagles president Joe Banner, “I’d like to thank Kevin and his agent Jeff Nalley for their work in getting this contract signed. We’re very happy with Kevin and all the attributes he brings to this organization and we’re pleased to sign another young, ascending player to a contract. It’s something that this organization has prioritized over the last several years.”

Kolb is scheduled to meet with reporters at 4:45 p.m. today.

His extension comes the day before the start of minicamp. A second-round draft choice in 2007, Kolb was McNabb's backup for three seasons. Kolb filled in for two games last season when McNabb was injured in the season opener. In those two games, a loss to the Saints and a win over the Chiefs, Kolb became the first quarterback in NFL history to pass for 300 yards in his first two NFL starts.

He threw for 391 yards vs. New Orleans and 327 yards a week later vs. Kansas City and was named NFC Offensive player of the week honors for his performance in that game.

Kolb isn't the only Eagles player that was due a bump in pay. Wide receiver DeSean Jackson, a Pro Bowler last season, will earn $480,000 in base salary this year. He has said that he wants a new deal, but also that he's willing to wait. It'll be interesting to see if the Eagles have Jackson next on their list