Report: McNabb signs $78M extension

Redskins quarterback Donovan McNabb warms up prior to the start of a game against the Lions at Ford...

Redskins quarterback Donovan McNabb warms up prior to the start of a game against the Lions at Ford Field in Detroit on October 31, 2010. (LEON HALIP/Getty Images)

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, Last Updated: 5:01 PM ET

LANDOVER, MD - Donovan McNabb has reportedly agreed on a lucrative contract extension with the Washington Redskins.

A story posted on ESPN's website Monday reported the quarterback's deal was for five years and $78 million and could be worth up to $88 million with incentives. The story said $40 million would be guaranteed.

The Washington Post said on its website that McNabb's agent confirmed the new deal.

"We've been working on this for a while now, and we're obviously glad to get it done," Fletcher Smith told the newspaper. "Donovan's very happy about the situation because this is where he wanted to be all along."

A spokesman for the Redskins would not confirm or deny the deal to The Sports Network and said the team had no announcement planned.

The Redskins were getting ready to host McNabb's old team, the Philadelphia Eagles, on Monday night.

News of a deal comes just over two weeks after McNabb was benched for Rex Grossman with less than two minutes left in a game against the Detroit Lions on October 31.

Redskins head coach Mike Shanahan said Grossman gave the team "our best chance to win in that scenario" and later cited stamina issues as well as leg injuries as a reason for pulling McNabb.

Grossman was sacked on his first play and the resulting fumble was returned for a touchdown by Ndamukong Suh. The Redskins lost the game, 37-25, and headed to their bye week with a 4-4 record.

McNabb was traded to the Redskins in the offseason for a couple of draft picks after spending his first 11 seasons with the Eagles.

He has struggled under center for Washington, throwing for 1,971 yards with seven touchdowns and eight interceptions in eight games. His passer rating going into Monday's game was just 76.0 and he had completed just 57.4 percent of his throws (159-of-277). McNabb has also been sacked 22 times.


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