Donovan McNabb and the Washington Redskins agreed to a five-year extension worth $70 million on Monday, but ESPN has reported that the Redskins would only owe the quarterback $3.75 million after this season if they decided to cut or trade him.
An NFL Players Association source provided the new details of the contract. After the season, the Redskins must decide whether to pay McNabb a $10 million bonus that would also trigger a $2.5 million salary in 2011. If Washington doesn't pick up the optional bonus, then it could let go of McNabb and only have to pay him the $3.75 million.
The team has guaranteed McNabb the $3.75 million now in order to control his rights in the future.