The Eagles and Donovan McNabb have agreed on a deal that will restructure the final two years of the quarterback's contract, a league source said tonight. The team has now confirmed the deal.
Details of the restructure were not immediately available, but the source said McNabb received a bump in pay with a portion of the money guaranteed.
McNabb, who is entering the 11th season as the team's quarterback, had been scheduled to make $9.2 million this season and $10 million next season as part of a contract that he signed in 2002.
"We are thrilled that this all worked out," Eagles president Joe Banner said in a statement. "He is a great football player, a great person and someone who gives back to the community. We are lucky to have him in Philadelphia."
Added coach Andy Reid: "The Philadelphia Eagles organization and the entire city of Philadelphia are fortunate to have a quarterback the caliber of Donovan McNabb. He has proven himself to be a talented player on the field, a caring member of the Philadelphia community and a winner."
Reid and McNabb are scheduled to meet with the media tomorrow morning at 10 a.m.
Four days after being benched in a game against the Baltimore Ravens last season, McNabb led the Eagles to a Thanksgiving night victory over the Arizona Cardinals and said afterward that there were some things he wanted to discuss with Reid and Banner.
McNabb, honored tonight as the Father of the Year by the American Diabetes Association of Greater Philadelphia, never did specify exactly what he wanted to discuss, but he admitted shortly after the season that he wanted to discuss his contract.
Reid was asked about McNabb's contract today after the Eagles completed their final offseason camp at the NovaCare Complex.
"I stay away from the contract things," Reid said. "We'll see how things go down the road here. I think everybody knows we are very honored to have Donovan here."
Reid said he hasn't noticed any change in the way McNabb has gone about his business in this camp.