Source: Texans pick up Schaub option
Posted by GameSetMatch on 4th February 2010
The Houston Texans will pick up the $10 million option bonus payment in the contract of Pro Bowl MVP quarterback Matt Schaub, according to a league source.
The option will be picked up as early as Thursday and no later than Friday. Once the Texans officially notify Schaub of this with a letter, the quarterback will be obligated to Houston for the next three seasons at roughly $28 million.
The move comes in the same week they extended head coach Gary Kubiak’s contract through 2012.
Schaub initially signed a six-year, $48 million contract with the Texans in March 2007. The deal also included an option bonus payment of $10 million due no later than five days after Super Bowl XLIV, which will be played Sunday in Miami. With Houston having until the end of next week to do it, they will do it as early as Thursday.
Click here to read the full article – By Adam Schefter of ESPN.com
Tags: Football, Houston, Houston Texans, Matt Schaub, NFL, Texans, texans football, texans news
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