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.
- Cardinals awarded waiver claim on OLB Thomas Keiser, waive rookie WR Walt Powell
- Bauman, Golden, Sopoaga, Hardy among Arizona Cardinals' final roster cuts
- Despite interest from Cardinals, linebacker James Harrison retires
- Arizona Cardinals coach Arians: Logan Thomas as expected, has 'a good future'
- Arizona Cardinals coach Bruce Arians confirms James Harrison interest
- Darren Urban - azcardinals.com - Friday August 29Darren Urban breaks down the latest surrounding the Cardinals' impending roster moves
- Bickley Blast - Friday August 29The Arizona Cardinals and San Diego Chargers played one of the most pointless games in NFL history l
- Bickley Blast - Thursday August 28Which Valley football team will win more games this season, the Cardinals or the Sun Devils?
- Kirk Gibson, D-backs manager - Tuesday August 26D-backs manager Kirk Gibson discusses possible changes to a six-man rotation.
- Dave Pasch - Cardinals commentator - Tuesday August 26Dave Pasch thinks Michael Floyd is a number one receiving target.