The Eagles are doing right by their new starting quarterback. According to scout.com’s Adam Caplan, the Eagles and Kevin Kolb have agreed on a one-year extension rumored to be worth $12.26 million in guaranteed cash.
Why only one year? Blame the lack of a new CBA and something called the 30% rule, which limits a player’s base salary growth to 30% from one year to the next. Guaranteed money does not apply to the rule, so the majority of the extension will be tied up in up front payment.
This represents a strong commitment to Kolb from the Eagles. He is no longer the lowest paid starting signal caller and is now signed through the 2011 season.