why no extension?

[53Fan]

Originally Posted by CRedskinsRule

And Schefter continues:


# Adam Schefter Adam_Schefter

Kevin Kolb -- one year extension done. $12.25 million. And here's the ultimate sign of respect - contract is 100% guaranteed. 13 minutes ago via UberTwitter

# Adam_Schefter

For those scoring at home, Eagles QB Kevin Kolb is now under contract through the 2011 season. 5 minutes ago via web

They must have the utmost confidence in him to sign him all the way through 2011.

[44ever]

Originally Posted by 53Fan

They must have the utmost confidence in him to sign him all the way through 2011.

Yeah. hahaha Ohhh, wait. Did they say 12.25 Mill??? I bet Kolb is laughing too:smashfrea

[CRedskinsRule]

Originally Posted by 44ever

Yeah. hahaha Ohhh, wait. Did they say 12.25 Mill??? I bet Kolb is laughing too:smashfrea

here is a thought on who might NOT be laughing:

Adam_Schefter

An issue that I'd guess we haven't heard the last of: Wonder what Eagles WR DeSean Jackson thinks of Kevin Kolb's contract extension...

[freddyg12]

Originally Posted by CRedskinsRule

here is a thought on who might NOT be laughing:

Adam_Schefter

An issue that I'd guess we haven't heard the last of: Wonder what Eagles WR DeSean Jackson thinks of Kevin Kolb's contract extension...

D. Jackson has only played 2 years though, I would guess he's got at least another 2 years on his deal. Of course, he could demand to be paid anytime & would have some leverage based on his production.

[53Fan]

Originally Posted by 44ever

Yeah. hahaha Ohhh, wait. Did they say 12.25 Mill??? I bet Kolb is laughing too:smashfrea

He has a base salary of $550,000 and roster bonus of $764,625 for 2010. Not much for a starting QB. Giving him a 1 year extention for 12.25 mil is not exactly a ringing endorsement. Though it does show more confidence than JC was shown.

[BigHairedAristocrat]

Originally Posted by 53Fan

He has a base salary of $550,000 and roster bonus of $764,625 for 2010. Not much for a starting QB. Giving him a 1 year extention for 12.25 mil is not exactly a ringing endorsement. Though it does show more confidence than JC was shown.

doesnt that violate the 30% rule?

[CRedskinsRule]

Originally Posted by BigHairedAristocrat

doesnt that violate the 30% rule?

It must all be signing bonus - which is exempted, but also guaranteed. That would explain the 100 % guarantee on the contract.

[53Fan]

Originally Posted by CRedskinsRule

It must all be signing bonus - which is exempted, but also guaranteed. That would explain the 100 % guarantee on the contract.

I just did some reading on the 30% rule and came away with the same conclusion.

[44ever]

Originally Posted by 53Fan

He has a base salary of $550,000 and roster bonus of $764,625 for 2010. Not much for a starting QB. Giving him a 1 year extention for 12.25 mil is not exactly a ringing endorsement. Though it does show more confidence than JC was shown.

Well Kolb's not much of a starting QB. As far as JC is concerned I'm curious to see how Skins fans will react if he has a breakout season. I have never been a huge fan but I do hope he does have a great season. Oakland seems to really believe in him. It will be interesting to see how he does. Have a good night 53.

[SBXVII]

Originally Posted by 53Fan

He has a base salary of $550,000 and roster bonus of $764,625 for 2010. Not much for a starting QB. Giving him a 1 year extention for 12.25 mil is not exactly a ringing endorsement. Though it does show more confidence than JC was shown.

and if he hits a brick wall? lol. I mean what if he does not pan out as good as they thought this yr 2010? Now they are stuck paying him 12.25 mil if he sucks donkey d!#ks.

[53Fan]

Originally Posted by SBXVII

and if he hits a brick wall? lol. I mean what if he does not pan out as good as they thought this yr 2010? Now they are stuck paying him 12.25 mil if he sucks donkey d!#ks.

That's exactly how I hope it turns out. :cool-smil

[GMScud]

Originally Posted by SBXVII

and if he hits a brick wall? lol. I mean what if he does not pan out as good as they thought this yr 2010? Now they are stuck paying him 12.25 mil if he sucks donkey d!#ks.

That was actually a smart move by Philly. This way he doesn't spend his first season as a starter in a contract year, and 2 yrs, $12.25M is a pittance compared to the salaries of the other three starters in the NFC East. And if he doesn't work out, they don't owe him anything past 2011. Another smart, shrewd move by Andy Reid IMO. Only a 1 year extension for an unproven QB.