Updated Mar 16, 2012 - 6:04 pm
Cardinals to give Kolb $7 million bonus
ESPN's Suzy Kolber reports Cardinals quarterback Kevin Kolb will receive his $7 million roster bonus, according to team source.— Adam Schefter (@AdamSchefter) March 16, 2012
According to Kent Somers of The Arizona Republic and Darren Urban of AZCardinals.com, the Cardinals converted the roster bonus to an "option bonus", allowing them to prorate the bonus over four years and lowering Kolb's cap number from 10.5 million to 4.75 million -- a savings of over 5 million for next season.
The decision on the roster bonus had been clouded by a couple of factors. Firstly, their interest in signing free agent quarterback Peyton Manning and secondly by Kolb's injury- plagued 2011 campaign. Kolb missed 7 games last season with turf toe and a concussion.
Arizona acquired Kolb in a trade with Philadelphia at the conclusion of the NFL lockout last summer, sending former Pro Bowl cornerback Dominique Rodgers-Cromartie and a second round pick to the Eagles.
Kolb threw for 1,955 yards and 9 touchdowns while compiling a QB rating of 81.1 in his first season as a Cardinal.
This, of course, effectively ends the Cardinals' pursuit of Manning, who is reportedly considering Denver, Tennessee and San Francisco during his recruitment process.
More details to follow on Arizona Sports 620 and ArizonaSports.com.
- Steve Keim, Cardinals GM - Friday April 18Will the Cardinals draft a quarterback?
- John McClain, NFL insider - Thursday April 17Who will the Texans draft?
- Daniel Jeremiah, NFL.com writer - Tuesday April 15NFL.com writer Daniel Jeremiah talks about the NFL draft.
- Kurt Warner, NFL Network analyst - Tuesday April 15Which quarterback will be taken first in the NFL Draft?
- Michael Bidwill, Cardinals' president - Wednesday April 9Cardinals president Michael Bidwill discuses the getting the 2015 NFL Pro Bowl.